R12.2 Oracle E-Business Tax Fundamentals Course Overview

Certainly! For students interested in undertaking the R12.2 Oracle E-Business Tax Fundamentals course, the following prerequisites are recommended to ensure a successful learning experience:

• Basic understanding of the concepts of taxation and common tax processes.
• Familiarity with general accounting principles and the accounts payable and receivable processes.
• Experience with the navigation and basic functionality of Oracle E-Business Suite (EBS).
• Knowledge of the key business flows within Oracle E-Business Suite, such as Order-to-Cash and Procure-to-Pay.
• Prior exposure to Oracle Applications R12 or previous versions is beneficial, although not strictly required.
• Ability to use a PC with Windows-based software for accessing course materials and Oracle EBS during hands-on sessions.

These prerequisites are outlined to ensure that all students have a foundational understanding which will enable them to grasp the more complex concepts presented in the R12.2 Oracle E-Business Tax Fundamentals course. Students who meet these criteria are likely to gain the most from the training program.

Target Audience for R12.2 Oracle E-Business Tax Fundamentals

The R12.2 Oracle E-Business Tax Fundamentals course is designed for professionals dealing with tax configurations and compliance in Oracle systems.

• Financial Controllers

  
  

• Tax Managers

  
  

• IT Professionals specializing in Oracle E-Business Suite

  
  

• Oracle Functional Implementers

  
  

• Oracle Technical Consultants

  
  

• Business Analysts with a focus on financial systems

  
  

• ERP Consultants

  
  

• Compliance Officers dealing with taxation

  
  

• Accountants and Auditors involved with Oracle financial modules

  
  

• Oracle E-Business Suite Project Managers

  
  

• Finance Department Personnel of companies using Oracle E-Business Suite

  
  

• System Administrators managing Oracle Applications

  
  

• Oracle E-Business Tax End Users

  
  

Learning Objectives - What you will Learn in this R12.2 Oracle E-Business Tax Fundamentals?

Introduction to Learning Outcomes

Gain expertise in the configuration and management of tax within Oracle E-Business Suite R12.2, encompassing tax concepts, setup, rules, recovery, and reporting for global compliance.

Learning Objectives and Outcomes

• Understand key E-Business Tax concepts and the overall tax determination management process within Oracle E-Business Suite.
• Navigate the E-Business Tax architecture and configuration flow to set up and maintain taxes effectively.
• Define tax regimes, rates, and rules, ensuring accurate tax calculations across different transactions and legal entities.
• Utilize the Oracle Tax Simulator to test and validate tax configurations and rules before applying them to live transactions.
• Manage configuration ownership and event class settings to align with company-specific tax requirements and policies.
• Set up and maintain party tax profiles, including legal entities, operating units, and tax authorities, for accurate tax processing.
• Classify products and transactions using fiscal classifications to determine the correct tax treatment.
• Configure and manage tax recovery rates and rules for Value Added Tax (VAT), including the calculation of recoverable tax amounts.
• Extend tax configuration with additional setup options, including Tax Customer Account Hierarchy (TCA) geography and tax zones.
• Process transactions in Payables and Receivables, managing tax lines and distributions, and understanding the impact of taxes on intercompany transactions.
• Implement self-assessment and offset tax procedures to comply with local tax regulations.
• Analyze tax rule components based on specific tax regulations and set up complex tax rules using the expert rule entry.
• Generate and interpret tax reports for different regions, including EMEA, Latin America, and Asia/Pacific, using the Tax Reporting Ledger and XML Publisher.