Implementation Workshop
Sreeni Devireddy
Director, Product Management
Oracle Development
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted
Logistics
• Knowledge of Oracle Financials Cloud is a mandatory pre-requisite for this workshop
• All of you must have received the following emails:
– WebEx & Environment access details in your confirmation e-mail [oracle-development_ww@oracle.com]
– Beehive Workspace access e-mail [beehiveonline_support@beehiveonline.oracle.com]
• WebEx session is approximately for 3 hours
• Covers presentations & product demonstrations
• Audio lines are placed on mute for the entire session
• Please submit your questions at any time during the WebEx session via Q&A Panel (Chat) at the top
• If any questions remain unanswered, please post them in the forum
• Post WebEx, you will perform the activities/labs offline and use forum incase of any questions or issues
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 4
Agenda
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
XLA_EVENTS GL Journals
Accounting
Payables
Invoice Invoice Validated Rules Item Expense (3888-000-21445-3888) 500 USD Dr
Liability (3888-000-34523-3888) 500 USD Cr
INV001 - $500 Invoice Cancelled
Invoice Adjusted Sources Subledger Journals GL Balances
validate
Payables
on an event Run accounting Transfer to GL On Posting
Cost Management program or do online and Import
Assets accounting
Receivables
Receipt Accounting
Projects etc
Events & Sources
Rules
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 7
Architecture
Events & Sources
Subledger Process
Event Class Event Type
Application Category
Transaction Header
Transaction Line
Invoice Adjusted
Invoice
Payables Invoices Invoice Cancelled
Prepayment..
Invoice Validated
AP_INVOICE_EXTRACT_HEADER_V
AP_INVOICE_EXTRACT_DETAILS_V
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 10
Architecture
Rule Set
Standard Accrual
Accounting
Method Invoice Accrual Basis
Credit Memo Accrual Basis
Debit Memo Accrual Basis
Journal Entry Payments Accrual Basis
Rule Sets
Freight Distribution Account Rule Description Rule
XLA_EVENTS GL Journals
Accounting
Loan Origination
ACC1 - $50000
Loan Originated Rules Loan Receivable (3888-000-21445-3888) 50000 USD Dr
Cash (3888-000-34523-3888) 50000 USD Cr
Interest Accrual
Payment Sources Subledger Journals GL Balances
Payables
on an event Run accounting Transfer to GL On Posting
Cost Management program or do online and Import
Assets accounting
Receivables
Receipt Accounting
Projects etc
Loan Events & Sources
Rules
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 14
Why Accounting Hub? Top Pain Points
• Multiple Transaction Systems: Transaction systems often have no or very limited
accounting capabilities (ex: Concur, Zuora or a 3rd party payroll)
• Federated Accounting: Accounting function spread across multiple systems resulting in
inefficient record to report processes.
• Multiple source of truths: Use of multiple General Ledger systems and need to
consolidate into one financial information repository for financial reporting / business
insights.
• Less Agile: Requires pervasive changes to the business systems managing finance
processes when business grows or expands.
• High Investments: Significant need for IT resources for upgrades and rollouts.
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Restricted – For use by authorized Oracle Partners only" 15
Accounting Hub Cloud
Overview
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
Subledger Process
Event Class Event Type
Application Category
Transaction Header
Transaction Line
Invoice Adjusted
Invoice
Payables Invoices Invoice Cancelled
Prepayment..
Invoice Validated
AP_INVOICE_EXTRACT_HEADER_V
AP_INVOICE_EXTRACT_DETAILS_V
Subledger Process
Event Class Event Type
Application Category
Transaction Header
Transaction Line
Loan Origination
AHC Loan AHC Loan AHC Loan Interest Accrual
Payment
ADXX_XLA_H_AHC_LOAN
ADXX_XLA_L_AHC_LOAN
Loan Origination
ADXX_XLA_H_AHC_LOAN AHC Loan AHC Loan AHC Loan Interest Accrual
Name Short Name Payment
Transaction Date TRANSACTION_DATE
Transaction Number TRANSACTION_NUMBER
Ledger Name LEDGER_NAME ADXX_XLA_H_AHC_LOAN
Bank BANK ADXX_XLA_L_AHC_LOAN
Account Number ACCOUNT_NUMBER
ADXX_XLA_L_AHC_LOAN
Account Currency ACCOUNT_CURRENCY
Original Balance ORIGINAL_BALANCE Name Short Name
Origination Date ORIGINATION_DATE Transaction Number TRANSACTION_NUMBER
Maturity Date MATURITY_DATE Default Amount DEFAULT_AMOUNT
Payoff Date PAYOFF_DATE Default Currency DEFAULT_CURRENCY
Term TERM Line Type LINE_TYPE
Interest Rate INTEREST_RATE Conversion Date CONVERSION_DATE
Loan Type LOAN_TYPE Conversion Type CONVERSION_TYPE
Customer CUSTOMER Conversion Rate CONVERSION_RATE
Customer Category CUSTOMER_CATEGORY Line Description LINE_DESCRIPTION
Loan Officer LOAN_OFFICER Reference REFERENCE
Location LOCATION Intercompany Indicator INTERCOMPANY_INDICATOR
Standard Accrual
Accounting
Method Invoice Accrual Basis
Credit Memo Accrual Basis
Debit Memo Accrual Basis
Journal Entry Payments Accrual Basis
Rule Sets
Freight Distribution Account Rule Description Rule
Liability Distribution Account Rule Description Rule
Journal Line Account Description
Rules Rules Rules Item Expense Distribution Account Rule Description Rule
Accrual Distribution Account Rule Description Rule
ADXX_XLA_H_AHC_LOAN
ADXX_XLA_L_AHC_LOAN
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
Accounting
Method PTS Standard Accrual
Accounting
Method AHC Loan Origination
AHC Interest Accrual
AHC Payment
Journal Entry
Rule Sets AHC Loan Receivable AHC Account Rule AHC Description Rule
AHC Loan Fee Accrual AHC Account Rule AHC Description Rule
Journal Line Account Description
Rules Rules Rules AHC Loan Fee AHC Account Rule AHC Description Rule
AHC Cash AHC Account Rule AHC Description Rule
Accounting
Method PTS Standard Accrual
Accrual Reversal
Accrual Reversal Accounting Date Source = First Day of Next Accounting Period
Accounting
Method PTS Standard Accrual
Journal Line Account Description AHC Interest Income AHC Account Rule AHC Description Rule
Rules Rules Rules
AHC Late Charge AHC Account Rule AHC Description Rule
AHC Loan Receivable AHC Account Rule AHC Description Rule
AHC Cash AHC Account Rule AHC Description Rule
Example:
Loan: 2018072202 USD 460000 - Line Type: LOAN
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
1 Architecture
2 Analyze
3 Build
4 Implement
5 Report & Reconcile
• With Balances
– Account Number
– Customer
– Customer Category
• Without Balances
– Loan Officer
– Loan Term
– Location