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Fast Formulas in Oracle

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Introduction to Fast Formula

Section 1 - Overview and Usage

Overview
• Use of Fast Formula
• Formula Types & Contexts
• Formula Inputs & Outputs
• Pre-defined and User-defined Formulas

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Introduction to Fast Formula

Overview

Oracle Fast Formula is a simple way to write formulas using English

words and basic mathematical functions

+ =
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Introduction to Fast Formula

Overview
They enable you to write generic expressions of calculations or
comparisons you want to repeat with different input values

Balance Balance
Input Values Input Values
Feeds Feeds

Balance Balance
Input Values Input Values
Feeds Feeds

Balance Balance
Input Values Input Values
Feeds Feeds

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Introduction to Fast Formula

How Formulas Are Used in Oracle HRMS

 For Payroll Processing

 Calculating element run results
 Specifying the rules for skipping an element during
payroll processing
 Preparing records in the format you require for the
magnetic tape writer
 Performing legislative checks during the payroll run
 Specifying the criteria for including an assignment in an
assignment set

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Introduction to Fast Formula

How Formulas Are Used in Oracle HRMS

 For Payroll Processing

 For Benefit Rules
 Creating rules for benefits administration, such as
eligibility determination
 Specifying the rules for Paid Time Off Accrual plans,
such as how much time is accrued, and how much time
can be carried over to the next accrual term

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Introduction to Fast Formula

How Formulas Are Used in Oracle HRMS

 For Payroll Processing

 For Benefit Rules
 To Configure Forms and Reports
 Selecting database information to display in a Quick
Paint report and performing calculations for the report
 Defining Oracle Business Intelligence Systems reports
 Configuring People Management templates

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Introduction to Fast Formula

How Formulas Are Used in Oracle HRMS

 For Payroll Processing

 For Benefit Rules
 To Configure Forms and Reports
 For Validation
 Checking that element entry values are valid for an
assignment
 Checking entries to a user table
 Validating forms by calling formulas from the custom
library

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Introduction to Fast Formula

Formula Types
 Each formula must have a type
 The type determines:
 How the formula can be
used, e.g. you can
only select formulas Type
of type Element Skip in Formula Type X
the Skip Rule field
of the Element window Find %

 What information (or context) is

Assignment Set
automatically available to the
formula Element Input Validation
Element Skip
 There are rules about the inputs
and outputs of each formula type

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Introduction to Fast Formula

Formula Contexts

 Most inputs need to be passed to the formula from the

calling window or process, or explicitly retrieved from the
database
 However each formula type has some information that is
always available to it at run time
This is called the formula contexts
Example - accrual formulas have the following contexts:
Assignment, business group, payroll, accrual plan, date
earned

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Introduction to Fast Formula

Formula Inputs & Outputs

Formulas can take input from the window, database or a process

such as a payroll run and can return values or messages

Balance Balance
Window
Feeds Inputs
Feeds Balance Balance
Outputs
Feeds Values
Feeds
Balance Balance
Database
Feeds Inputs
Feeds
Balance
Messages
Feeds
Balance Balance
Process
Feeds Inputs
Feeds

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Introduction to Fast Formula

Example of Inputs and Outputs
Element Entry Validation

The value to validate

from the element entry

inputs are entry_value

. . .
return(formula_status, formula_message)

Success or failure An explanatory message

Both outputs are returned to the Element Entry window

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Introduction to Fast Formula

Predefined and User-Defined Formulas

Formulas can be:

“Predefined” means that
 Predefined and non-updateable the formulas are delivered
with your application,
 Predefined and configurable
and ready to use.
 Generated and configurable
 User-defined

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Introduction to Fast Formula

Predefined and User-Defined Formulas

Formulas can be:

 Predefined and non-updateable
 Predefined and configurable
 Generated and configurable
 User-defined

“Generated” means that

the formulas are created
automatically using information
you enter in another window.

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Introduction to Fast Formula

Predefined and User-Defined Formulas

Formulas can be:

 Predefined and non-updateable
 Predefined and configurable
 Generated and configurable
“Configurable” means that
 User-defined you can change the formula
to match any specific
requirements at your site.

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Introduction to Fast Formula

Simple Formula Example

wage = hours_worked * hourly_rate

return wage

Variables

Where does the formula get the values for the variables ?

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…..continued in Part 2

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