Oracle E-Business Suite 12 Financials is a solution that provides out-of-the-box features to meet global financial reporting and tax requirements with one accounting, tax, banking, and payments model, and makes it easy to operate shared services across businesses and regions. You may have read what EBS Financials does, but with this book on your work desk you will see how to do it.
There are many ways of configuring and using E-Business Suite 12 Financials. This cookbook demonstrates how to use E-Business Suite 12 Financials in a way that will enable you to understand the core functionalities of the main Financials modules. Each recipe is presented as a scenario-based topic that details typical business scenarios.
You will start by creating Items in Inventory, and then purchase Items in Procurement. Supplier invoices are entered and paid in Payables and Assets created and managed.
Items are sold and shipped to customers in Order Management, and funds received from customers in Receivables. Cash is managed and transactions transferred to the General Ledger through the Subledger Accounting with the corresponding tax calculations. The periods are then closed in the final chapter. Let's look at each chapter in brief summaries.
Chapter 1, Creating Items in Inventory, includes recipes for creating Items and exploring the Item attributes. It then continues with creating Item templates and exploring Item controls and concludes with adjusting Items in Inventory and classifying Items into categories.
Chapter 2, Purchasing Items in Procurement, covers the Requisition-to-Receiving flow, with recipes covering raising and approving Requisitions, creating Suppliers, Purchase Orders, and receiving Items. The chapter then concludes with reviewing the Procurement Accounting transactions.
Chapter 3, Paying Supplier Invoices in Payables, covers the Invoice-to-Payment flow, with recipes covering entering and managing various types of Invoices. The recipes then cover payment to Suppliers, and conclude with a review of the Payables Accounting transactions.
Chapter 4, Managing Assets, covers adding and adjusting assets. The recipes then cover depreciating and retiring assets and conclude with a review of Asset Accounting transactions.
Chapter 5, Selling Items to Customers in Order Management, covers the Orders-to-Invoice flow, with recipes covering creating customers and different types of sales orders. The recipes then cover adding Items to a Price List, reviewing Order Management workflow, and the management, releasing, and shipping of orders, and then conclude with creating invoices for customers.
Chapter 6, Receiving Funds in Receivables, covers the Invoice-to-Receipt flow, with recipes covering creating and adjusting invoices, entering receipts, and managing debts. It concludes with reviewing the Receivables Accounting transactions.
Chapter 7, Managing Cash, covers creating a bank account, and entering and reconciling bank statements. It then goes on to creating Cash Forecasts, and concludes with a review of Cash Accounting transactions.
Chapter 8, Defining Transactions for the General Ledger, covers defining the Chart of Accounts, and setting up the ledger. It then covers defining Subledger Accounting and concludes with defining E-Business tax accounting.
Chapter 9, End of Period Processing, covers closing Payables, Purchasing, Receivables, Inventory, and the General Ledger.
You will need access to the standard Oracle E-Business Suite 12 demonstration Vision database. This can be downloaded from http://edelivery.oracle.com.
This book is for E-Business Suite Financials specialists who want a broader understanding of particular areas of the Financials modules. Businesses can use this book to identify key functionalities of the financial modules, and very quickly demonstrate a pilot to obtain the core requirements.
If you are a business analyst, functional consultant, technical consultant, project sponsor, project manager, project team member, system accountant or solution designer, testing team member, training team member or support team member, then this book is for you.
This book assumes that you have basic navigation skills and you understand some key E-Business Suite terminology.
In this book, you will find a number of styles of text that distinguish between different kinds of information. Here are some examples of these styles, and an explanation of their meaning.
New terms and important words are shown in bold. Words that you see on the screen, in menus or dialog boxes for example, appear in the text like this: "Search for the PRD20001 Item."
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