Oracle financial fusion

cloud business cycles for

end users.
1- General ledger 2-Procure to pay
3-Order to cash 4-Cash management
5-Fixed assets
1-Open period means journal entry and posting are allowed, and users can create journals and
post transactions to the General ledger.

2
3
2-Create journal and post
journal reversal: GL allows you to create a reverse journal automatically and post it.
Revaluation: is used to adjust account balances denominated in a foreign currency. Revaluation adjustments
represent the difference in account balances due to changes in conversion rates between the date of the original
journal and the revaluation date.
Translation: General Ledger's translation feature is used to translate amounts from your functional currency to
another currency at the account balances level. General Ledger's Multiple Reporting Currencies feature is used to
convert amounts from your functional currency to a reporting currency at the transactions level.
Inquire on detail balances after translation, and you can also inquire on detail balances on
functional currency.
1- Reporting currencies: are representations of a primary or secondary ledger in
another currency. Reporting currencies share the same chart of accounts, accounting
calendar, and accounting method as their related ledger. You can use reporting
currencies for online inquires, reporting, and consolidation.

2- The AutoPost process: posts the journal batches that meet the criteria defined.

3- The automatic reversal process: only selects reversible journals whose categories
are enabled for automatic reversal in the journal reversal criteria set that's assigned to
the ledger. The automatic reversal option for those categories must be set to either
Reverse Automatically or Reverse and Post Automatically.

4- The General Ledger Trial Balance Report: lists actual account balances and activity
by ledger, balancing segment, and account segment. The report prints the account
number, description, and debit or credit balance for the beginning and ending period.
This also includes the debits and credits for the period.
General Ledger Trial Balance Report
Budget: Use budgeting to enter estimated account balances for a specified range of periods. You can use these
estimated amounts to compare actual balances with projected results, or to control actual and anticipated
expenditures.
Upload budget balances in Spreadsheet.
Open the budget’s period.
Create a journal, check the fund, reserve it, and then post the journal.
Intracompany Transactions: transactions that occur between two groups within one legal entity are called
intracompany transactions.
2- Procure to pay
Create invoice.
Create payment
1- invoice: Invoices can be created manually or matched with a purchase order, receipt, or asset
clearing.

2- Distribution sets: Automatically create distributions for invoices. For example, you can create
a distribution set for a supplier that allocates the expense on an invoice to four departments
Their total is 100 percent.

3- Create invoice with freight and allocate it: You can record freight charges by manually
entering freight distributions or by having Payables automatically create a freight distribution
based on a freight amount you enter.

4- Cancel Accounting Entry: After we post the invoice to the ledger, we can cancel the invoice,
line, or distribution.
5- Debit memo: are corrections to invoices. If you accidentally submit an invoice
that’s too low, you can send a debit memo to correct it and increase the invoice
after it’s sent.
6- automatic offsets: If you enable Automatic Offsets, Payables automatically
allocates an invoice's liability amount across multiple balancing segments
according to the balancing segments on the invoice distributions.
7- recurring invoice: when we buy the same services from a supplier on
a consistent basis and send the same invoice over and over again. Usually, that is
weekly or monthly, depending on how often we order. There's no change to the
information, services, or client information. like rent.
8- Withholding tax Invoice: An amount is deducted from the supplier or seller and
transferred to the government. Payable App can create a withholding tax invoice
automatically or manually.
9- prepayment cycle: type of invoice that you can apply to an outstanding invoice
to reduce the invoice amount. You must fully pay a prepayment before you can
apply it.

10- payment types: pay in full, partial payment, payment term, payment term with
discount, and payment term by default on a specific supplier.

11- void payment: there are three types of cancellation.

1. Cancel invoice: cancel payment and cancel invoice.
2. None: cancel payment only.
3. Place a hold on the invoice: cancel payment and place a hold on the invoice.
Order to cash cycle
Create invoice
Create a receipt
Receipt Method: Cash
review customer account Summaries
1- AR Invoice: You can enter AR invoices manually or integrate them with another
Oracle application or non-Oracle application.

2- Create Cr Memo in Specific Original Invoice: create a credit memo to partially

or fully reduce the amount on an original invoice.

3-Create Cr Memo to Decrease Customer Balance without linking it with invoice.

4- Adjustment invoice: Receivables let you make either positive or negative

adjustments to your invoices, debit memos, chargebacks, deposits, and
guarantees. You can approve adjustments that are within your approval limits and
give pending statuses to adjustments that are outside your approval limits.
There are two types of receipts and three types of receipt methods
 Activities for receipt

1-Refund: You can issue refunds for overpayments on transactions. If you decide after
review to refund an overpayment, you can manually issue a refund up to the total
amount assigned to your refund approval limits.

2-receipt write off : that cancels an open debit item and assigns it to a write-off account.
You write off an overpayment when, after applying a receipt to debit items, a small
unapplied amount remains.

3-reverse receipt: Receivables lets you reverse a receipt when your customer stops
payment on a receipt or if a receipt comes from an account with non-sufficient funds.

4-on account receipt: In the case of an On Account receipt, there is no identified invoice
against the receipt. Advance money is received from the customer, and the invoice will be
made later.
Cash management cycle
Create Bank Statement
Bank Statement line for AP Invoice

Bank Statement line for AR Invoice

Accounting entry for AR Receipt

Accounting entry for AP Payment

Bank Account Transfer
Create accounting to Transfer and post to GL for all transactions we've done.
Fixed Assets Cycle
There are three types of addition.

1-Manual: Add assets manually and fill out the data relevant to assets, such as
Cost, asset book, category, location, and depreciation expense account.

2-Spreadsheet: When you are required to manually add many assets at once, use
the Add Assets in Spreadsheet task to download an integrated workbook. Enter all
required information and any optional information that your company requires for
maintenance and reporting.

3-Mass Addition: The mass additions process lets you add new assets or cost
adjustments from other systems to your system automatically without reentering
the data. For example, you can add new assets from invoice lines brought over to
Oracle Assets from Oracle Payables
Assets Activities

1- Adjustment: You adjust an asset by reclassifying, changing the number of units,

adjusting the financial information, or performing a mass change.

2- Transfer Asset: You can use the transfer program to change depreciation
expense account, location, employee, and units.

3- Splite Asset: enables a specified quantity to be separated from the original asset
and create new asset records

4-Add to Assets

5-Add to assets

6- Depreciation
7- Retirement: Retire an asset when it is no longer in service.
There are two types:
1.Full Retirement 2.Partial Retirement.

8- Reinstate Assets: reversals of retirements, which correct retirement errors by

undoing the retirement of an asset and reinstating it.

9-Construction-in-process(CIP): CIP asset is an asset you construct over a period of

time. Create and maintain your CIP assets as you spend money for raw materials
and labor to construct them. Since a CIP asset is not yet in use, it does not
depreciate and is only in the corporate book.

10- Physical Asset Inventory: a manual count of all the fixed assets owned by the
company. This inventory must be updated regularly to ensure accuracy.
Add assets manual
Create Accounting to transfer and post to ledger
Depreciation and Create Accounting to transfer and post to ledger
retirement
Create Accounting to transfer and post to Ledger
Reinstate Assets and Create Accounting to transfer and post to Ledger
CIP Assets
Add money for CIP Assets such as raw materials and labor from Payables.
Capitalize the CIP Asset