How to implement Enterprise Structures in Oracle Fusion Financials Cloud?

How to implement Enterprise Structures in Oracle Fusion Financials Cloud?

The Define Common Financials Configuration for Rapid Implementation task list provides a framework for developing and managing your chart of accounts, ledgers, legal entities, and business units to meet your accounting and reporting requirements.

The tasks listed below relate to the setup of enterprise structures. Each task is performed by the Application Implementation Consultant. These tasks are the basic setup steps:

Step 1 - In the Setup and Maintenance work area, create an implementation project that includes the Define Financials Configuration for Rapid Implementation task list. That task list includes the Define Common Financials Configuration for Rapid Implementation task list.

Step 2 - Manage geographies

Perform the task Manage Geographies to enable the list of values for address fields in user interfaces.

Step 3 - Create chart of accounts, ledger, legal entities, and business units in a spreadsheet.

Perform the task Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet to create a spreadsheet for entering the primary ledger and all accompanying enterprise structures. Spreadsheet entry includes the chart of accounts with segment values and account hierarchies, associated business units, and associated legal entities.

Step 4 - Upload the chart of accounts

Perform the task Upload Chart of Accounts to load the chart of accounts structure, including segments and value sets, from the spreadsheet.

Step 5 - Upload the ledger, legal entities, and business units

Perform the task Upload Ledger, Legal Entities, and Business Units to load key enterprise structures, including the ledger, legal entities, and business units that are dependent on the chart of accounts.

Step 6 - Create cross-validation rules

Perform the task Create Cross Validation Rules in Spreadsheet for the chart of accounts to determine the account combinations that users can create dynamically as they enter transactions or journal entries.

After performing the enterprise structures tasks, run the Enterprise Structures Setup Report and diagnostic tests for the enterprise structures setup data.

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