Oracle Fusion Financials Course – The only IAM Course you need
⏰24 hours | ▶️ 24 Videos | 📣 49 Participants | 🔥11 Reviews
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Course Description
Oracle Fusion Financials is an integrated financial management system and the Oracle Fusion Financials course offers learners a thorough training programme designed to build an in-depth knowledge of this application.
Oracle Fusion Financials training will gain both information and skills necessary for successfully using Oracle Fusion Financials for managing various financial operations within an organisation.
This course equips participants to navigate a user interface, set up financial modules, complete transactions, generate reports, and use advanced features for effective financial management.
Participants will gain this ability through hands-on experience as well as real world case studies.
This class begins with an introduction to Oracle Fusion Financials and covers its main concepts and capabilities.
Participants will gain an appreciation of the various stages in financial management lifecycle and become conversant with Oracle Fusion Financials’ advantages.
They will examine the process of establishment, which includes designing an organisational structure and setting up an accounting chart as well as creating business units and legal entities.
As part of their financial administration studies, participants will examine ledger setup and accounting standards in detail – creating a solid platform for efficient financial administration.
Oracle Fusion Financials training is an integral component of student curriculum. Participants will gain knowledge on establishing and administrating suppliers, processing invoices and paying bills on time, managing expenditure reports and developing supplier relationships.
The Accounts Receivable Maintenance module oversees customer management and collection efforts as well as billing, revenue recognition and application of funds.
Participants of these courses will leave equipped with all of the knowledge and capabilities required to effectively oversee both payables and receivables.
General ledger management will also be covered as part of this curriculum.
Participants will gain skills for managing charts of accounts, writing journal entries, allocating resources to projects, closing periods successfully and producing financial reports.
Furthermore, this module covers intercompany transactions and reconciliations, helping ensure an accurate yet efficient financial consolidation process.
Participants enrolled in this module will gain experience with cash forecasting, liquidity management, bank transfers and reporting their cash positions as part of a cash management course.
Other topics addressed during this workshop include setting up banks and reconciling accounts; participants will learn to effectively manage cash flow and maximise financial liquidity through these themes.
Additionally, this class will focus on financial reporting and analytics. Participants will gain expertise in creating financial statements, management reporting, dashboards, ad hoc queries and analyses.
They will gain the skills required to extract meaningful insights from financial data and use that information in making sound decisions.
Participants will also explore topics like financial consolidation and managing multiple currencies – both essential components for businesses operating internationally.
Advanced features and extensions are integrated into the Oracle Fusion Financials training programme so learners may deepen their comprehension and enhance their level of competency.
The Oracle Fusion Financials course provides extensive and in-depth instruction on how to fully utilise the Oracle Fusion Financials system. These modules handle budgeting and planning, fixed asset and revenue management as well as communication with other Oracle applications.
Participants will gain knowledge on how to take full advantage of these intricate features to streamline operations and strengthen financial management practices.
Security and compliance should always be top of mind when managing finances.
One module in this Oracle Fusion Financials training programme focuses solely on user access and role administration.
Participants will gain insight into segregating roles, audit trails, and controls as a means to ensure regulatory standards compliance while also developing comprehensive security measures.
Participants will learn to identify and address typical problems encountered when using Oracle Fusion Financials during this training, through our Troubleshooting and Support section of training.
Oracle Fusion Financials certification demonstrates a comprehensive grasp of the Oracle Fusion Financials Cloud platform, as well as its fundamental financial apps and procedures. As well as this, they will gain an improved knowledge of all the support resources and channels offered by Oracle.
Participants in our course will have access to knowledgeable teachers throughout its duration; instructors will lead participants with lectures, demonstrations and hands-on exercises.
Participants will have the chance to practice applying their knowledge virtually through real-life case studies and practical examples, giving them more of an idea of what real world circumstances will entail.
This comprehensive Oracle Fusion Financials training course on Oracle Fusion Financials is suitable for anyone wanting a deep knowledge of its features as well as finance managers, accountants and analysts with active involvement in financial management.
IT professionals with financial management duties make excellent candidates. Although prior understanding of financial fundamentals would be advantageous, such knowledge isn’t essential.
Participants of this training will leave equipped with all of the knowledge, abilities and confidence required to use Oracle Fusion Financials effectively for improving financial management within their organisations.
Features
✅Lifetime access | ✅Lifetime video access |
✅Real-time case studies | ✅The project integrated into the Curriculum |
✅24*7 Support from our team of administrators |
Course Content
1. Oracle Finance Cloud Overview
1. Financial Cloud Introduction
What is Oracle Cloud?
What is SAAS?
What is PAAS?
What is IAAS?
A brief capabilities of Oracle Finance Cloud
Basics of Navigation & Resources
2. Functional Setup Manager
Configuration of Functional Setup Manager
Implementation Planning
Various Roles & Obligations
What are Offerings?
Issues to look out during Implementation
Quick configuration of Finance & Components
How to configure Time Savings
Use Cases of Finance
3. Safety precautions for Oracle Fusion
How to create an user & assigning a Role
How to give Data Access to an user?
2. Introduction to Ledger Accounts
1. Organizational Models
Setting up COA
What is Essbase?
Configuring hierarchies & calendar for Accounts
COA Security Configuration
What is legal entity structure?
Configure Legal entity structure relationship with COA
2. Subledger’s involved in Accounts
Organise Accounting Rules
Complete process of Subledger accounting entries
What is Journal description rules?
How can we detect supporting references
3. Data Analysis & Reports
Design and use of various reporting tools
What is Financial Reporting Studio?
Define OTBI and GL?
Smart View accounting analysis
General Accounting Dashboard and Work Areas
4. Budget Management
How to set up & manage Budgets
Analyse and track budget consumption
what is Encumbrance Journals?
Setting up Encumbrance Accounting
5. Journal Management
Define Journal Approval
Various journal entries
Setting up automation for journal processing
Set allocations and periodic logs
What are secondary ledger and reporting currencies
6. Intercompany Accounting
Chart of Accounts intercompany segmentation rules & COA
Configuring Intercompany Accounting (system settings, transactions, organizational structure)
Intercompany balance
Intercompany trades and time intervals
Intercompany reconciliations & its process
7. Closing periods Overview
What is Close monitor?
What is Closing Periods?
Set up & Managing re-evaluations
Set up & Managing translations
Set up & Managing consolidations
Examining various reconciliations.
3. Accounts Payable
1. Oracle Fusion Financials: Invocie
What is Integrated Imaging Solution?
How to Create an invoice?
Approval process of Invoices
How to approve supplier information?
2. Oracle Fusion Financials: Expenses
How to configure Expenses
Expense Reports Entry
How to accept expense reports
How to Reimburse expenses
Expense Audit Reporting
3. Oracle Fusion Financials: Additional Payables
What is Withholding tax & its calculations?
What is 1099 Misc Reporting?
What are Business Units & how to configure it?
Configuration of various Payables
Configuration of Subledger Accounting
4. Oracle Fusion Financials: Payments
How to make & record payments
Payment Request process
Cancel payment process
What is Bank Reconciliation?
Setting up various Payment Formats
How to configure Payments for Payables
Payment security & Payment approvals
5. Oracle Fusion Financials: Reporting
Designing and use of various Reporting tools
What is OTBI?
Various benefits of BIP reports
How Payables are used in Ledger Reconciliation Report.
4. Oracle Fusion Financials: Receivables
1. Billing Reports
Billing process
Invoice printing and presentation
Managing Income
Managing Income information using Billing Work Area
Transactional Tax calculations
processing various bills
2. Receipt Accounting Management
Receipts processing
Customer refund Process
Use cases of Accounts Receivables Work Area
3. Receivables
Managing Clients in Receivables
Managing Reference Data Sets
Importing clients data
Setting up late fees, chargebacks, write-offs & adjustments
Configure Accounts
Subledger Accounting Process
5. Oracle Fusion Financials: Cash Management
Introduction to Cash Management in oracle Fusion including banking.
Bank, Branch, and Account Components and their relationships.
How to Manage Bank Statements
How to Manage External Transactions
Account creation process
Designing Cash Management Profile
Cash Management Options
What is Parse Rule Sets
Mapping of various Transaction Type
What is Tolerance Rules
Define Reconciliation Matching Rules
Define Reconciliation Rules Sets
Manual and Automatic Reconciliation
Bank Statement Transaction Codes
Mapping BAI2 Transaction Codes
Bank Statement Transaction Creation Rules
Designing Banks, Branches, and Accounts in Spreadsheet
Configuring Cash Positioning and Forecasting
What is Bank Account Validation?
What is Cash Positioning and Forecasting?
6. Oracle Fusion Financials: Fixed Assets
1. Assets Implementation in Oracle Fusion
Implementation of various Assets
what is Assets Rapid Implementation?
2. Assets Key Flexfields in Oracle Fusion
What is Assets Key Flexfield?
What is Location Flexfield?
What is Assets Descriptive Flexfields?
What is Asset Category Descriptive Flexfield?
3. Asset Books in oracle Fusion
Set of Instructions for Creating or Modifying Asset Books
How to design a Corporate Assets Book?
How to configure a Tax Book?
What are Fiscal Years?
Requirements for Creating Fiscal Year Calendars
Set up an Asset Calendar
Prorate and Pension Conventions
4. Depreciation Calculations in oracle Fusion
What is Depreciation Calculations
Define various Depriciaton Calculation Methods
5. Asset Categories in oracle Fusion
Asset Categories
Configuration of a Asset Category
Configuration of a Lease Category
6. Asset Acquisitions in oracle Fusion
How to set up Assets & Multiple Assets
How to add & create Leased Assets
Lease Termination
Lease Termination Liabilities
7. Asset Transactions in oracle Fusion
Financial Transaction Management
How to Track Assets
What is CIP Assets
What is Depreciate Assets
What is Reconcile Assets
What is Physical Inventory
Define Impair Assets
Define Revalue Assets
8. Retirements in oracle Fusion
Considerations on Retiring Assets
Calculating Retirement Depreciation
Reviewing Retirement Transaction Journals
Restoring Assets
Reinstatements Depriciation
Importing Mass Retirements
Importing Mass Cost Retirement
Importing Mass Retirement Using an Integrated Workbook
Importing Mass Reinstatement
9. Reporting in oracle Fusion
Predefined Reports
Bulk Assets Reports
What is Assets Reconciliation Reports
What is Assets Group Reports
How to import Previous Year Tax Report Data
FAQ’s
❓What is Oracle Fusion Financials?
✅ Oracle Fusion Financials is an integrated suite of applications for managing business finances, from planning, accounting, and reporting through to budgeting and keeping tabs on financial activities – such as income, spending, costs, assets, liabilities taxes & cash flows as well as complying with regulations.
.
❓What is Oracle Fusion Financials Used For?
✅ Oracle Fusion Financials is a cloud-based financial management program for organisations. Financial information, control and visibility strengthen enterprises; while expenses, accounts receivable, payables, revenue recognition taxes project management invoicing can all be managed using this single program which uses Oracle Database for fast access secure reporting capabilities and reporting purposes.
❓What are the benefits of Oracle Fusion Financials?
✅ Flexibility: Oracle Fusion Financials’ flexible, modular foundation allows organisations to adapt applications precisely according to their financial requirements.
Integration: Oracle Fusion Financials integrates seamlessly with other Oracle Fusion applications like HR, SCM and PPM for business-wide financial data sharing.
Multilingual: With its multilingual support capabilities, Oracle Fusion Financials helps multilingual firms streamline financial administration more easily.
Automate: Two-way posting and automatic reconciliation eliminate manual work by automating repetitive steps.
❓What topics does Oracle Fusion Financials cover?
✅ Oracle Fusion Financials contains modules such as General Ledger, Cash Management, Accounts Payable, Receivables, Tax, Fixed Assets Treasury Financial Reporting Consolidation among others.
❓What are the advantages of being an Oracle Fusion Financials certified professional?
✅ Demonstrate Expertise: Being certified with Oracle Fusion Financials proves expertise to employers and clients. This certification creates instant respect in business environments.
Job Opportunities and Promotion: Being certified increases job prospects as well as promotion prospects; certified workers are valued more highly.
Salaries and Benefits: Oracle Fusion Financials-certified employees often earn more – not to mention greater salary benefits!
Acquire Knowledge and Gain Understanding: Oracle Fusion Financials certification provides tangible proof that certified employees know how to successfully operate this essential financial system.
❓What type of customer support does Oracle offer Fusion Financials clients?
✅ Clients of Fusion Financials may receive technical assistance, online courses, user forums and much more through Oracle Support portal. Product documentation, guides tutorials learning paths are provided while Oracle Support Cloud allows clients to submit, manage and view support requests while receiving answers to frequently asked issues through Knowledge Base articles.
❓What is the cost of Oracle Fusion Financials certification?
✅ The Oracle Fusion Financials certification cost depends on several criteria, including type and length of certification program; an intensive certification could cost anywhere between $1,000 and $6,000.
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