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Oracle Financials Cloud:

Financials Implementation for R11

Activity Guide
D000PTGC10
Edition 1.0 | June 2016
Learn more from Oracle University at oracle.com/education/
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Author
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 Table of Contents
Practices for Lesson 1: Introduction to Oracle Cloud Financials Implementation .....................................1-1
Practices for Lesson 1....................................................................................................................................1-2
Practices for Lesson 2: Introducing Oracle Fusion Navigation ...................................................................2-1
Practices for Lesson 2: Overview .........................................................................................................................2-2
Practice 2-1: Getting Started in Oracle Fusion Applications ...........................................................................2-6
Practice 2-2: Exploring Infolets and Infotiles...................................................................................................2-12
Practices for Lesson 3: Overview of Oracle Fusion Functional Setup ........................................................3-1
Practices for Lesson 3: Overview .........................................................................................................................3-2
Practice 3-1: Browsing Offerings ....................................................................................................................3-3
Practice 3-2: Configure Offerings Demonstration ........................................................................................... 3-4
Practice 3-3: Creating an Implementation Project .......................................................................................... 3-6
Practices for Lesson 4: Security Overview .................................................................................................... 4-1
Practices for Lesson 4: Overview .........................................................................................................................4-2
Practice 4-1: Defining Role Mapping ..............................................................................................................4-3
Practice 4-2: Creating a User ...............................................................................................................................4-5
Practice 4-3: Creating an Employee ....................................................................................................................4-7
Practice 4-4: Using the Security Console .......................................................................................................4-10
Practices for Lesson 5: Discussing the Vision Story and Common Applications......................................5-1
Practices for Lesson 5....................................................................................................................................5-2
Practices for Lesson 6: Configuring Enterprise Structures .............................................................................6-1
Practices for Lesson 6: Overview .........................................................................................................................6-2
Practice 6-1: Reviewing Shared Components ................................................................................................ 6-3
Practice 6-2: Entering Data in the Rapid Implementation Spreadsheet .............................................................6-5
Practice 6-3: Uploading the Chart of Accounts File ........................................................................................6-10
Practice 6-4: Verifying Deployment Was Successful Demonstration ..............................................................6-11
Practice 6-5: Uploading the Ledger, Legal Entity, and Business Unit File ......................................................6-12
Practice 6-6: Reviewing an Existing Legal Jurisdictions .................................................................................6-13
Practice 6-7: Reviewing Legal Addresses for Legal Entities and Reporting Units ..........................................6-14
Practice 6-8: Creating a Legal Authority .........................................................................................................6-15
Practice 6-9: Searching for Your Legal Entity .................................................................................................6-16
Practice 6-10: Viewing a Legal Reporting Unit ...............................................................................................6-18
Practices for Lesson 7: Configuring General Ledger Components.............................................................7-1
Practices for Lesson 7: Overview .........................................................................................................................7-2
Practice 7-1: Searching for Your Value Sets ..................................................................................................7-3
Practice 7-2: Searching for Your Chart of Accounts Structure and Instance ..................................................7-4
Practice 7-3: Deploying a Chart of Accounts Demonstration ..........................................................................7-6
Practice 7-4: Creating an Account Shorthand Alias........................................................................................7-7
Practice 7-5: Entering Values ...............................................................................................................................7-8
Practice 7-6: Searching and Completing Your Accounting Hierarchy .............................................................7-9
Practice 7-7: Publishing Accounting Hierarchy ...............................................................................................7-11
Practice 7-8: Creating an Account Combination .............................................................................................7-12
Practice 7-9: Defining Cross-Validation Rules ................................................................................................7-14
Practice 7-10: Verifying Your Calendar................................................................................................................7-17
Practice 7-11: Reviewing and Creating Currencies ........................................................................................7-18
Practice 7-12: Creating Conversion Rate Types ............................................................................................7-19
Practice 7-13: Entering Daily Rates .....................................................................................................................7-20
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Oracle Financials Cloud: Financials Implementation for R11 Table of Contents

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 Practice 7-14: Entering a Currency Conversion Journal .................................................................................7-22
Practice 7-15: Searching for Your Ledger ...........................................................................................................7-23
Practice 7-16: Verifying Your Ledger Options ................................................................................................7-24
Practice 7-17: Verifying Your Legal Entities and Balancing Segments Assignments .....................................7-26
Practice 7-18: Defining Reporting Currencies .....................................................................................................7-27
Practice 7-19: Completing the Ledger Configuration ......................................................................................7-29
Practice 7-20: Creating a Ledger Set...................................................................................................................7-30
Practice 7-21: Reviewing Data Access Set Security ......................................................................................7-31
Practice 7-22: Creating Data Access Set Security .........................................................................................7-32
Practice 7-23: Opening the First Accounting Period ...........................................................................................7-34
Practice 7-24: Creating and Generating an Allocation Rule ...........................................................................7-35
Practice 7-25: Creating a Revaluation ............................................................................................................7-54
Practices for Lesson 08: Configuring Oracle Fusion Intercompany............................................................8-1
Practices for Lesson 8: Overview.........................................................................................................................8-2
Practice 8-1: Settung Up a New Rule Demonstratoin..................................................................................... 8-3
Practice 8-2: Viewing Intercompany Balancing Rules and Secondary and Clearing Company
Balancing Options ..........................................................................................................................................8-5
Practice 8-3: Creating an Intercompany Batch .............................................................................................. 8-8
Practice 8-4: Submitting and Reviewing Reconciliation Reports ........................................................................8-12
Practices for Lesson 09: Configuring Financial Reporting ..........................................................................9-1
Practices for Lesson 9: Overview.........................................................................................................................9-2
Practice 9-1: Viewing a Financial Report from the Financial Reporting Center .................................................9-3
Practice 9-2: Creating a Financial Report: Defining a Grid .............................................................................9-5
Practice 9-3: Creating a Financial Report: Adding a Formula for Total Expenses ............................................9-14
Practice 9-4: Creating a Financial Report Defining a Rolling 12-Period Column...............................................9-17
Practice 9-5: Creating a Financial Report: Defining the Grid and User Point of View Dimensions .................9-26
Practice 9-6: Creating a Financial Report: Setting Properties.........................................................................9-31
Practice 9-7: Creating a Financial Report: Adding a Logo and Title ...............................................................9-36
Practice 9-8: Reviewing a Report .........................................................................................................................9-38
Practice 9-9: Using Infolets Demonstration ....................................................................................................9-41
Practice 9-10: Setting up the General Accounting Expense Infolet Demonstration ........................................9-42
Practice 9-11: Viewing an Account Group from the Financial Reporting Center Demonstration ....................9-46
Practices for Lesson10: Configuring Business Units and Reference Data Sets ........................................10-1
Practices for Lesson 10: Overview .................................................................................................................10-2
Practice 10-1: Viewing Your Business Unit .........................................................................................................10-3
Practice 10-2: Viewing the Assigned Business Unit Functions .......................................................................10-4
Practice 10-3: Creating a Reference Data Set ....................................................................................................10-5
Practice 10-4: Managing Your Business Unit Set Assignment .......................................................................10-6
Practice 10-5: Provisioning Data Roles ...............................................................................................................10-7
Practices for Lesson 11: Configuring Oracle Fusion Tax.............................................................................11-1
Practices for Lesson 11: Overview .................................................................................................................11-2
Practice 11-1: Viewing a Calculated Tax on a Payables Transaction Demonstration .....................................11-3
Practice 11-2: Creating a US Sales Tax Using the Tax Configuration Workbook ...........................................11-5
Practice 11-3: Creating a VAT Tax Using the Tax Configuration Workbook (Optional) ..................................11-10
Practice 11-4: Using the Tax Simulator to Test a Payables Transaction ........................................................11-16
Practice 11-5: Enabling Your Tax for Transactions ........................................................................................11-18
Practices for Lesson 12: Configuring Oracle Fusion Subledger Accounting .............................................12-1
Practices for Lesson 12: Overview .................................................................................................................12-2

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Oracle Financials Cloud: Financials Implementation for R11 Table of Contents

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 Practice 12-1: Creating Three Account Rules .....................................................................................................12-3
Practice 12-2: Creating a Description Rule ....................................................................................................12-6
Practice 12-3: Creating Two Journal Line Rules .................................................................................................12-8
Practice 12-4: Creating a Journal Entry Rule Set................................................................................................12-10
Practice 12-5: Duplicating and Modifying an Accounting Method ......................................................................12-12
Practice 12-6: Reviewing Accounting for a Payables Invoice .........................................................................12-15
Practices for Lesson13: Configuring Oracle Fusion Payables ....................................................................13-1
Practices for Lesson 13: Overview .................................................................................................................13-2
Practice 13-1: Defining Your User as a Procurement Agent...........................................................................13-3
Practice 13-2: Creating a Payment Term.............................................................................................................13-5
Practice 13-3: Managing Common Options for Payables and Procurement...................................................13-8
Practice 13-4: Managing Invoice Options .......................................................................................................13-10
Practice 13-5: Managing Payment Options ....................................................................................................13-12
Practice 13-6: Managing Distribution Sets .....................................................................................................13-13
Practices for Lesson 14: Configuring Oracle Fusion Payments: Payables ................................................14-1
Practices for Lesson 14: Configuring Oracle Fusion Payments: Payables ........................................................14-2
Practice 14-1: Creating Banks, Branches, and Accounts Using a Spreadsheet. ..............................................14-3
Practice 14-2: Creating a Payment Document for a Bank Account ................................................................14-5
Practice 14-3: Creating a Disbursement Payment File Format .......................................................................14-6
Practice 14-4: Creating the Transmission Configuration ................................................................................14-7
Practice 14-5: Creating a Payment System .........................................................................................................14-8
Practice 14-6: Creating a Payment Method....................................................................................................14-10
Practice 14-7: Creating a Payment Process Profile........................................................................................14-13
Practice 14-8: Submitting a Payment Process Request .....................................................................................14-14
Practices for Lesson 15: Configuring Oracle Fusion Receivables ..............................................................15-1
Practices for Lesson 15: Overview .................................................................................................................15-2
Practice 15-1: Reviewing Receivables System Options .................................................................................15-3
Practice 15-2: Reviewing AutoAccounting Rules ................................................................................................15-6
Practice 15-3: Reviewing Remit-to Addresses ....................................................................................................15-7
Practice 15-4: Reviewing Receivables Activities .................................................................................................15-8
Practice 15-5: Reviewing Statement Cycles ........................................................................................................15-9
Practice 15-6: Creating a Customer Profile Class ..........................................................................................15-10
Practice 15-7: Creating a Customer ...............................................................................................................15-13
Practice 15-8: Defining a Transaction Type ...................................................................................................15-14
Practice 15-9: Defining a Transaction Source ................................................................................................15-16
Practice 15-10: Creating Banks, Branches, and Accounts Using a Spreadsheet .............................................15-18
Practice 15-11: Creating a Receipt Class and Receipt Method ......................................................................15-20
Practice 15-12: Creating a Receipt Source .........................................................................................................15-22
Practices for Lesson 16: Configuring Oracle Fusion Payments: Receivables ...........................................16-1
Practices for Lesson 16..................................................................................................................................16-2
Practices for Lesson 17: Configuring Oracle Fusion Cash Management ...................................................17-1
Practices for Lesson 17: Overview .................................................................................................................17-2
Practice 17-1: Managing Bank Statement Transaction Codes ...........................................................................17-3
Practice 17-2: Managing Bank Statement Transaction Creation Rules ..........................................................17-5
Practice 17-3: Managing Bank Statement Reconciliation Matching Rules .....................................................17-6
Practice 17-4: Managing Bank Statement Reconciliation Tolerance Rules ....................................................17-7
Practice 17-5: Managing Bank Statement Reconciliation Rule Sets...............................................................17-8
Practice 17-6: Assigning a Rule Set to a Bank Account .................................................................................17-9

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Oracle Financials Cloud: Financials Implementation for R11 Table of Contents

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 Practice 17-7: Performing a Bank Statement Reconciliation with Autoreconciliation ......................................17-10
Practices for Lesson 18: Configuring Oracle Fusion Advanced Collections ..............................................18-1
Practices for Lesson 18: Overview .................................................................................................................18-2
Practice 18-1: Getting Started with Advanced Collections Demonstration .....................................................18-3
Practice 18-2: Creating an Aging Method. ......................................................................................................18-5
Practice 18-3: Creating a Collector and a Resource ......................................................................................18-7
Practice 18-4: Reviewing Dunning Templates Demonstration ...........................................................................18-9
Practice 18-5: Creating a Strategy Task.........................................................................................................18-10
Practice 18-6: Creating a Strategy .................................................................................................................18-11
Practices for Lesson 19: Configuring Assets ................................................................................................ 19-1
Practices for Lesson 19: Overview .................................................................................................................19-2
Practice 19-1: Updating an Existing Assets Configuration .............................................................................19-3
Practice 19-2: Review Asset Key Flexfields Demonstration ...........................................................................19-6
Practice 19-3: Define Values for Major and Minor Category ..........................................................................19-7
Practice 19-4: Define Values for Asset Clearing and CIP Clearing Accounts .................................................19-9
Practice 19-5: Review Asset System Control Options ....................................................................................19-10
Practice 19-6: Define Values for Asset Clearing and CIP Clearing Accounts .................................................19-11
Practice 19-7: Managing Fiscal Years ............................................................................................................19-12
Practice 19-8: Managing Asset Calendars .....................................................................................................19-13
Practice 19-9: Managing Prorate Conventions ...............................................................................................19-15
Practice 19-10: Managing Asset Books..........................................................................................................19-16
Practice 19-11: Managing Asset Categories ..................................................................................................19-18
Practice 19-12: Provisioning Data Roles to the User Account............................................................................19-23
Practices for Lesson 20: Configuring Oracle Expenses with Rapid Implementation.................................20-1
Practices for Lesson 20: Overview .................................................................................................................20-2
Practice 20-1: Reviewing the Expenses System Options ...............................................................................20-3
Practice 20-2: Creating an Expense Report Template ...................................................................................20-5
Practice 20-3: Modifying Approval Rules Demonstration ...............................................................................20-8
Practice 20-4: Setting Warning and Error Limits on a Conversion Rate Demonstration .................................20-12
Practice 20-5: Viewing a Conversion Rate Policy Warning and Error.............................................................20-13
Practice 20-6: Setting Up a Car Rental Policy ................................................................................................20-15
Practice 20-7: Setting Up an Airfare Policy ....................................................................................................20-18
Practice 20-8: Setting Up a Miscellaneous Expense Policy............................................................................20-20
Practice 20-9: Setting Up a Meals Expense Policy.........................................................................................20-22
Practice 20-10: Setting Up a Mileage Expense Policy....................................................................................20-24
Practice 20-11: Setting Up an Accommodations Expense Policy ...................................................................20-27
Practice 20-12: Setting Up a Corporate Card Program ..................................................................................20-30
Practice 20-13: Creating a Corporate Card Program ..........................................................................................20-32
Practice 20-14: Setting Up a Corporate Card Usage Policy Warning Demonstration.......................................20-34
Practice 20-15: Creating Receipt and Notification Rules ....................................................................................20-35

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Oracle Financials Cloud: Financials Implementation for R11 Table of Contents

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 Practices for Lesson 1:
Introduction to Oracle Cloud
Financials Implementation
Chapter 1

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Practices for Lesson 1: Introduction to Oracle Cloud Financials Implementation

Chapter 1 - Page 1
Practices for Lesson 1

There are no practices for this lesson.

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Practices for Lesson 1: Introduction to Oracle Cloud Financials Implementation

Chapter 1 - Page 2
 Practices for Lesson 2:
Introducing Oracle Fusion
Navigation
Chapter 2

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Practices for Lesson 2: Introducing Oracle Fusion Navigation

Chapter 2 - Page 1
Practices for Lesson 2: Overview
Practices Overview
In these practices, you will be:
 Getting Started in Oracle Fusion Applications.
 Exploring Infolets and Infotiles.
Use the following usernames with the password assigned by OU Operations for all activities
unless otherwise specified.
 Students: FASXX.Student where XX = 01 to 30
 Instructors: FASXX.Instructor where XX = 00, 99

If the Navigator does not allow scrolling or closes before you can get to the items that are at the
bottom of the box, use the following work around:
 Use Internet Explorer (IE).
 Use F11 function to maximize the screen.
 Use Control and Scroll Down to minimize screen.

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Practices for Lesson 2: Introducing Oracle Fusion Navigation

Chapter 2 - Page 2
Practice 2-1: Getting Started in Oracle Fusion Applications

Overview
In this practice you are introduced to Oracle Fusion Applications and the basic navigation
features.

Assumptions
Sign in as your FASXX.Student user as assigned by the instructor.

Tasks
1. Select Applications Login for all labs unless otherwise instructed.

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Practices for Lesson 2: Introducing Oracle Fusion Navigation

Chapter 2 - Page 3