Best Oracle Financials Training Institute in Hyderabad
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Oracle Financials Functional Online Training by Oracle Professionals in Hyderabad

Oracle Financials

The Oracle E-Business Suite consists of collection of ERP (Enterprise Resource Planning) which is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. ERP software integrates all facets of an operation — including product planning, development, manufacturing, sales and marketing — in a single database, application and user interface. It provides a set of financial applications used internationally in businesses.  Oracle E-Business Suite is a comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce costs, and increase performance.

Oracle Financials allows you to Increase efficiency and reduce back-office costs with standardized processes for shared services, productivity tools, and integrated performance management. It manages your global finance organization from a single, integrated system and complies with multiple legislation's, accounting standards, and policies. It facilitates financial control and corporate governance with a holistic approach to compliance and risk management

Oracle Financials is a specialized branch of accounting that keeps track of a company's financial transactions. By using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report.

Oracle Financials major components comprise of Statement of Cash flows, Profit and Loss statement and Statement of financial position (Balance Sheet).

Oracle Financials Functional Training Course Content:

Introduction to ERP Concepts and Overview of Oracle Financials 

Oracle Financials R12 Modules

General Ledger (GL)

Payables (AP)

Receivables (AR)

Fixed Assets (FA)

Cash Management (CM)

Multi Org Structure and MOAC

Sub Ledger Accounting (SLA)

E-Business Tax (EBT)

Course Details:

Introduction to ERP Concepts and Overview of Oracle Financials R12 Modules

Introduction to ERP Concepts

Brief explanation on Oracle Application / Oracle E-Business Suite, Oracle Application Navigator, Different application versions and their differences, Information on Implementation, Up-gradation and Support, Overview of Implementation of Oracle Application, Basics of Accounting Procedures, Multi-Org Structure and MOAC, Overview on Procure to Pay Cycle (P2P), Overview on Order to Cash Cycle (O2C)

General Ledger (GL):

Overview of GL Concepts, Defining Currency and Calendar, Define Chart of Accounts using Accounting Key Flex field, Implementation of Accounting Setup Manager Setup Steps, Implementing Primary Ledger and Secondary Ledger, Setup Open / Close Periods, Define Single, Batch and Reverse Journals, Implement and Configure Security Rule and Cross validation rule, Define Foreign Currency Journal and Suspense adjustment journals, Define Aliases and Default Segment values, Implementation of Translation and Revaluation, Defining and Implementing Plan Budget and Fund Budget , Implementing and Execution of Inter, Intra and Clearing Company Journals, Define and Execute different types of Recurring Journals, Implementing Consolidation and Reporting Currency Ledger, Standard GL Reports – Financial Statement Generator FSG, Generating Trial Balance-Detail and Trial Balance-Translation Reports, Define and Configure Document Sequences and Journal Approvals, Define Summary Templates, Define Auto Post and Auto Reverse, Execution of Ledger Sets

Accounts Payable (AP):

Overview of Accounts Payable Concepts, Define Options – Financial Options, Payable Options, Define Invoice Setup Steps – Payment Terms, Distribution Set, Tolerances, Employee Expense Template, Define Payment Setup Steps – Banks, Bank Branches, Bank Accounts, Bank Payment Document, Bank Payment Format, Payment Administrator, Setup Open / Close Periods, Define types of Suppliers and Supplier Sites, Define Special Calendars, Create types of Invoices – Standard Invoice, Debit Memo, Credit Memo, Prepayment Invoice, Expense Reports, and Interest Invoice.Creation and execution of Recurring invoices and Withholding Tax invoices, Define PO Match and Quick Match, Define and Execute types of Payments – Quick, Manual and Refund, Execution of Aging Reports, Standard AP Reports

Accounts Receivable (AR):

Overview of Accounts Receivable Concepts, Define System Options, Define Transaction Setup Steps – Payment Terms, Transaction Types, Transaction Sources, Accounting Rules, Auto Accounting, Define Receipt Setup Steps – Receivable Activities, Application Rule Set, Auto Cash Rule Set, Receipt Sources, Receipt Classes, Distribution Sets. Define Collector and Remit-to-Address, Define Customer and Customer Profile Classes, Define Dunning Letter and Statement Cycle, Create types of Transactions – Invoice, Debit Memo, Credit Memo, Chargeback, Deposit, Guarantee, Create types of Receipts – Regular and Miscellaneous, Execution of Aging Reports, Implementation of Revenue Recognition, Define and Create Balance Forward Billing Invoice, Implement AP/AR Netting, Standard AR Reports

Fixed Assets (FA):

Overview of Fixed Assets Concepts, Define Flex fields and Values, Define System Controls and Book Controls, Define Fiscal Year and Depreciation Calendar Define Prorate Convention Calendar and Depreciation Methods, Define Asset Categories, Implement and Configure Asset Additions and Mass Addition, Calculate Depreciate, Implementation of Transfer and Mass Transfer, Define Revaluation and Reclassification, Creation of Journal Entries, Standard Reports in Fixed Assets

Cash Management (CM):

Overview of Cash Management Concepts, Define System Parameters, Define Bank Codes, Implementation of Bank Reconciliation Statements, Clear Invoices and Transactions, Implement Reconciliation and Un-reconciliation, Define Forecasting, Standard Cash Entry Reports

Multi Org Structure and MOAC:

Overview and Explanation of Multi Org Structure, Define Location for Business, Define Business Group and assign profile options, Define Legal Entity and Ledger, Define Operating Unit and assign profile options, Define Inventory Organization and assign additional information to inventory, Define Sub-Inventory and Locators

Sub-Ledger Accounting (SLA):

Overview of Sub-Ledger Accounting Concepts, Define Account Derivation Rules (ADR), Define Journal Line Definition, Implementation of Events, Implement and Configure Application Accounting Definition, Generating Sub-Ledger Accounting Method

E-Business Tax (EBT):

Overview and purpose of E-Business Tax Module, Implementation of Tax Configuration by defining Tax Regime, Taxes, Tax Statuses, Tax Jurisdiction, Tax Rates and Tax Rules, Execution of Tax Calculation on Invoices and Transactions in Payables and Receivables, System Administrator:

Overview of System Administrator and its Uses

Define Users and Responsibilities, Define Profile Options, Define Menu, Sub-menu and Function of Responsibility, Understanding the concept of Executable Files, Define Request Group, Understand the Use of Concurrent Manager and its execution

CYCLES: Oracle Procure to Pay (P2P) Cycle Flow, Oracle Order to Cash (O2C) Cycle Flow

Real Time Scenarios

Application Implementation Methodology

PhasesDefinition, Operation analysis, Solution Design, Build, Transition, Production

Documents - BP-40 – Current Business Process Model, RD-20 – Requirement gathering, BP-80 – Future Business Process, BR-10 – Gap Analysis, BR-100 – Setup Document, MD-50 – Functional specification document, TE-40 – Test scripts

Project Types - Implementation, Support, Migration/Up gradation, Customization, Global Roll out

Project Models - Offshore, Onshore, Onsite

Project Instances - Dev, Test, Prod 

Oracle Financials Modules Training 

Oracle Financials comprises of financial modules like General Ledger (GL), Accounts Payables (AP), Accounts Receivables (AR), Fixed Assets (FA) and Cash Management (CM).

General Ledger: Oracle General Ledger is one of the modules which receives information from all the different transaction modules and summarizes them in order to help you create profit and loss statements, reports for paying Taxes etc. The transactions include reimbursements / expense reports, purchases, payments, billings, receipts and journals. GL includes standardize accounting, intercompany processing and transactional processing.

Accounts Payables: Oracle Payables is used to administer payment for products or services It contains detailed history of accounts, giving vendors the background required to resolve issues and improve flow of goods and payments. The main features of accounts payables are Vendor information, Recurring payments, Automatic interest invoices, invoice import etc.

Accounts Receivables: Oracle Receivables is a module enables you to manage the tasks related to raising invoices, debit and credit notes, deposit notes, transactions, receipts and track payments from customers after a sale is complete. It helps to improve cash flow, optimizing customer relationships, and providing strategic information. 

Fixed Assets: Oracle Assets automates asset management and simplifies accounting tasks. The Fixed Assets module allows you to maintain equipment inventory, depreciation schedules using the best accounting and tax strategies.  It allows you to value assets using different classifications, such as Construction in Process (CIP) or expensed items. The main features of fixed assets are Mass addition, Depreciation management and Asset revaluation.

Cash Management: Oracle Cash Management is an enterprise-wide solution for managing liquidity and controlling cash. It forecast cash flows in any currency and in multiple time periods across different organizations for multiple bank accounts streamline the reconciliation process and analyze the financial positions at a summary level to the specific transactions.

                                                                                                                          Download Course Content: CLICK HERE

 

 

CSS IT OFFERED COURSE

Oracle Financials Functional Training in Hyderabad

TRAINING KEY POINTS

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Full Life Cycle Implementation

Live Online Training by Experienced Tutors

User Manuals and Interview Questions

Instance Access for 3 months

Assistance in preparing CV

Project Explanation

Support Availability

Regular, Fast Track and Weekend Classes

 

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