Oracle Financials: Comprehensive Solutions for Enterprise Finance Management

Introduction:

The Oracle Financial Systems and Reporting training course provides essential knowledge for leveraging Oracle Financials within a corporate setting. This course aims to develop skills in creating and configuring organizations, structuring financial hierarchies, processing transactions, and generating comprehensive financial reports using Oracle’s advanced financial tools and systems.

Objectives:

By the end of the Oracle Financial Systems and Reporting course, participants will be able to:

• Understand foundational concepts and business practices related to Oracle Financials.
• Accurately set up and organize financial structures within Oracle Applications to mirror business unit structures.
• Develop and manage detailed financial structures and complex hierarchies.
• Execute financial transactions, including journal entries and payments, with precision.
• Generate comprehensive and insightful reports using Oracle Financials.
• Understand the processes of financial consolidation within Oracle Financial Management tools.
• Utilize Oracle Financials for effective budgeting and forecasting to predict future cash flows and trends.

Training Methodology:

• Interactive Workshops
• Hands-On Labs
• Group Discussions
• Case Studies
• Simulations
• Expert Demonstrations
• Role-Playing Scenarios
• Real-World Problem Solving

Course Outline:

Unit 1: Overview of Oracle Financials

• Introduction to Oracle Financials
• Exploration of Oracle Financial Modules
• Functionalities of Financial Applications

Unit 2: Creation of Financial Organizations

• Analyzing Financial Organization Structures
• Creating Financial Organizations
• Implementing Accounting Flexfields and Segments
• Identifying Accounting Options
• Forming Ledger and Ledger Sets

Unit 3: Creation of Financial Structures

• Analyzing Financial Structures
• Setting Up a Chart of Accounts
• Developing Account Structures
• Creating Value Sets
• Planning Financial Calendars

Unit 4: Financial Transactions

• Activities Related to Financial Transactions
• Performing Journal Entries
• Reversals and Corrections
• Managing Intercompany Transfers
• Handling Payments and Receipts

Unit 5: Financial Reporting

• Introduction to Financial Reporting
• Preparing Financial Statements
• Designing and Generating Reports
• Analyzing Financials with Oracle Financials
• Managing Financial Information

Unit 6: Financial Consolidation

• Key Aspects of Financial Consolidation
• Developing Consolidation Rules
• Collecting Financial Data
• Controlling Intercompany Connections

Unit 7: Budgeting and Forecasting

• Fundamentals of Budgeting and Forecasting
• Creating and Timing Budgets and Forecasts
• Enforcing Budget Control Policies
• Evaluating Budget and Forecast Information

Conclusion:

This Oracle Financial Systems and Reporting training will enable participants to effectively utilize Oracle Financial modules, enhancing their ability to manage financial processes and reporting in any organization.