Oracle® Fusion Applications Financials Concepts Guide

1 oracle Fusion Applications Financials Concepts Guide11g Release 1 ( )Part Number E22893-04 March 2012 oracle Fusion Applications Financials Concepts GuidePart Number E22893-04 Copyright 2011-2012, oracle and/or its affiliates. All rights : Seamus Moran, Kathryn Wohnoutka, Asra AlimThis software and related documentation are provided under a license agreement containing restrictions on use anddisclosure and are protected by intellectual property laws. Except as expressly permitted in your license agreement orallowed by law, you may not use, copy, reproduce, translate, broadcast, modify, license, transmit, distribute, exhibit, perform,publish, or display any part, in any form, or by any means. Reverse engineering, disassembly, or decompilation of thissoftware, unless required by law for interoperability, is information contained herein is subject to change without notice and is not warranted to be error-free.

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5 3-2 oracle Fusion General Ledger Features ..3-5 oracle Fusion General Ledger and Reporting .. 3-64 Business Units and Shared Service CentersBusiness Units with financial Applications : Overview .. 4-15 Functional Setup ManagerFunctional Setup Manager for oracle Fusion financial Applications : Explained .. 5-16 financial Subledger ArchitecturesFinancial Subledger Architectures: Overview .. 6-1 Dashboards and Work Areas for oracle Fusion financial Applications : Overview ..6-1 Invoice Imaging: Overview .. 6-2 oracle Fusion Tax Architecture: Overview .. 6-2 Subledger accounting Architecture: Overview .. 6-5 Reconciling Subledger Accounts Automatically: Explained .. 6-67 SecurityRole Based Security: Explained .. 7-1 PrefaceThis Preface introduces the guides, online help, and other information sourcesavailable to help you more effectively use oracle Fusion Fusion Applications HelpYou can access oracle Fusion Applications Help for the current page, section,activity, or task by clicking the help icon.

6 The following figure depicts the can add custom help files to replace or supplement the provided release update includes new help content to ensure you have access to thelatest information. Patching does not affect your custom help Fusion Applications GuidesOracle Fusion Applications guides are a structured collection of the helptopics, examples, and FAQs from the help system packaged for easy downloadand offline reference, and sequenced to facilitate learning. You can access theguides from the Guides menu in the global area at the top of oracle FusionApplications Help Guides menu also provides access to the business process models on whichOracle Fusion Applications is are designed for specific audiences: User Guides address the tasks in one or more business processes. They areintended for users who perform these tasks, and managers looking for anoverview of the business processes.

7 They are organized by the businessprocess activities and tasks. Implementation Guides address the tasks required to set up an offering,or selected features of an offering. They are intended for are organized to follow the task list sequence of the offerings, asdisplayed within the Setup and Maintenance work area provided byOracle Fusion Functional Setup Manager. concept Guides explain the key Concepts and decisions for a specificarea of functionality. They are intended for decision makers, such as chieffinancial officers, financial analysts, and implementation consultants. Theyare organized by the logical flow of features and functions. Security Reference Manuals describe the predefined data that is includedin the security reference implementation for one offering. They areintended for implementors, security administrators, and auditors. They areorganized by guides cover specific business processes and offerings.

8 Common areas areaddressed in the guides listed in the following AudiencePurposeCommon User GuideAll usersExplains tasks performed by Implementation GuideImplementorsExplains tasks within theDefine Common ApplicationsConfiguration task list, which isincluded in all TechnologyManagement, ImplementApplications GuideImplementorsExplains how to use OracleFusion Functional Setup Managerto plan, manage, and trackyour implementation projects,migrate setup data, and GuidesSystem administrators,application developers,and technical members ofimplementation teamsExplain how to install, patch,administer, and customize OracleFusion guides that are not available from the Guides menu, go to oracle TechnologyNetwork at Information SourcesMy oracle SupportOracle customers have access to electronic support through My OracleSupport. For information, visit or visit if you are hearing the My oracle Support Knowledge Browser to find documents for a productarea.

9 You can search for release-specific information, such as patches, alerts,white papers, and troubleshooting tips. Other services include health checks,guided lifecycle advice, and direct contact with industry experts through the MyOracle Support Enterprise Repository for oracle Fusion ApplicationsOracle Enterprise Repository for oracle Fusion Applications provides visibilityinto service-oriented architecture assets to help you manage the lifecycle ofyour software from planning through implementation, testing, production,and changes. In oracle Fusion Applications , you can use the oracle EnterpriseRepository for oracle Fusion Applications at : Technical information about integrating with other Applications , includingservices, operations, composites, events, and integration tables. Theclassification scheme shows the scenarios in which you use the assets, andincludes diagrams, schematics, and links to other technical documentation.

10 Publishing other technical information such as reusable components,policies, architecture diagrams, and topology AccessibilityFor information about oracle 's commitment to accessibility, visit the OracleAccessibility Program website at and SuggestionsYour comments are important to us. We encourage you to send us feedbackabout oracle Fusion Applications Help and guides. Please send yoursuggestions to You canuse the Send Feedback to oracle link in the footer of oracle Fusion 1-1 1 OverviewOracle Fusion Financials Concepts : OverviewOracle Fusion financial Applications are a subset of oracle Fusion are a family of products designed to capture and analyze financial data ona worldwide are two oracle Fusion financial Fusion Financials , which include general ledger, receivables,payables, asset tracking, expense management, and cash Fusion accounting Hub, providing the integration and reportingplatform to effectively drive a coexistence strategy with your existingfinancial oracle Fusion accounting Hub is designed to be deployed in coexistencewith E-Business Suite, PeopleSoft, JD Edwards, and other enterprise resourceplanning strategic intent of financial Applications is to provide a comprehensiveintegrated financial management solution from beginning to end across theaccounting cycle .