Oracle Financials Cloud: General Ledger Core Team Course Overview

To ensure a successful learning experience in the Oracle Financials Cloud: General Ledger Core Team course, participants should meet the following minimum prerequisites:

• Basic Understanding of Financial Accounting Principles:

  
  
  • Familiarity with key financial concepts and terminology is essential to grasp the course material effectively.

• General Knowledge of Business Processes:

  
  
  • An understanding of general business processes, especially those related to finance and accounting, will be beneficial.

• Experience with Enterprise Resource Planning (ERP) Systems:

  
  
  • Some prior exposure to ERP systems, even if not Oracle-specific, can help students relate to the concepts being taught.

• Computer Literacy:

  
  
  • Proficiency in using computers, navigating through software interfaces, and understanding basic software operations is required.

• Analytical Skills:

  
  
  • Ability to analyze and interpret business requirements and financial data will facilitate a deeper understanding of the course content.

• Communication Skills:

  
  
  • Good verbal and written communication skills are recommended for engaging with course material and participating in discussions.

These prerequisites are meant to provide a foundation for the learning journey in the Oracle Financials Cloud: General Ledger Core Team course and are not intended to be barriers. A willingness to learn and engage with new concepts is the most important requirement for participants.

Target Audience for Oracle Financials Cloud: General Ledger Core Team

The Oracle Financials Cloud: General Ledger Core Team course equips professionals with the skills needed to set up and manage financial data in the cloud.

• Financial Analysts
• Accountants
• Finance Managers
• ERP Consultants
• Oracle Cloud Implementation Specialists
• Financial Controllers
• IT Professionals working on financial software solutions
• Business Analysts with a focus on financial systems
• Project Managers overseeing financial system migrations or implementations
• Systems Accountants
• Finance Systems Managers
• Technical Support Staff for financial applications
• Financial Reporting Specialists
• Compliance Officers with a focus on financial systems
• CFOs and Finance Executives seeking understanding of Oracle Financials Cloud functionality

Learning Objectives - What you will Learn in this Oracle Financials Cloud: General Ledger Core Team?

Introduction to Learning Outcomes

This course offers a comprehensive understanding of the Oracle Financials Cloud: General Ledger, including setup, navigation, configuration, and best practices for effective financial management.

Learning Objectives and Outcomes

• Understand the usage and benefits of Oracle Functional Setup Manager (FSM) for implementing key financial requirements.
• Identify the key elements and best practices for a minimal configuration of the General Ledger.
• Navigate confidently within Oracle Cloud Applications, utilizing dashboards, infolets, and the Close Monitor.
• Grasp the core concepts and advantages of Oracle FSM, and manage setup data effectively including export and import processes.
• Configure an enterprise structure optimally, understanding legal entities, jurisdictions, and the role of geography.
• Differentiate between business units and reference data sets and implement the enterprise structure strategy using rapid implementation techniques.
• Comprehend the importance of value sets, chart of accounts components, hierarchies, segment values, and validation rules within the General Ledger.
• Describe the setup and options for ledgers, including the assignment of balancing segments and the creation of reporting currencies and secondary ledgers.
• Recognize the significance of mapping chart of accounts and the structure of the GL Balances cube for reporting and analysis.
• Ensure General Ledger security and efficiency through the understanding of ledger sets and data access sets.