R12.2 Oracle HRMS Implement and Use Fast Formula

R12.2 Oracle HRMS Implement and Use Fast Formula Certification Training Course Overview

R12.2 Oracle HRMS Implement and Use Fast Formula training course is designed to provide you with an understanding of the main uses of FastFormula within Oracle HRMS, and to enable you to write formulas for all your HRMS calculation and validation needs. During the class, you will learn about different formula types, the seeded formulas, and how to adapt them. You will also introduced to the FastFormula required syntax, the use of global values, database items, data types, conditional logic, functions, user tables and their validation.
  • End User
  • Implementer
  • Manager

R12.2 Oracle HRMS Implement and Use Fast Formula (16 Hours) Download Course Contents

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Course Modules

Module 1:Introduction to Oracle FastFormula
  • How Formulas Are Used in Oracle HRMS
  • Formula Types, Contexts, Inputs and Outputs
  • Pre-defined and User defined Formulas
  • Creating Formulas
  • Advantages of Using the FastFormula Assistant
Module 2:Basic Syntax and Structure
  • FastFormula Basic Syntax
  • Oracle FastFormula Structure
Module 3:Advanced Syntax and Examples
  • Advanced Oracle FastFormula Syntax
  • Examples of Oracle FastFormula
Module 4:Introduction to Using FastFormula
  • Introduction to Using FastFormula
  • Tips, Troubleshooting and Efficient Design
  • Using FastFormula in People Management Templates
  • Writing Formulas for Person Number Generation
Module 5: Using Oracle FastFormula in Benefits Administration
  • Using Oracle FastFormula to define rules for Benefits Administration
  • Writing FastFormula for Benefits Administration: Input, Output and Eligibility rules
  • Writing FastFormula for Benefits Administration: Further Benefit Rules Input, Output and Eligibility rules
Module 6:Using FastFormula in Oracle Payroll
  • Using Formulas for Total Compensation
  • Testing Payroll Formulas
  • Designing and Building Business Rule Solutions
Module 7:Using FastFormula with Absence Management and PTO Accrual Plans
  • How Absence Management and Accrual Plans use Formulas
  • Review of PTO formula Types
  • Inputs and Outputs of Accrual Formulas
  • Adapting Accrual Formulas
Module 8:Using Formulas to Define Business Rules
  • Defining Parameters for Oracle HRMS Business Intelligence Reports with Formulas
  • Calling Formulas from PL/SQL
  • Creating a PL/SQL function for use in a Formula
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Course Prerequisites
  • Basic Computer Knowledge.

After completion of this course; you will learn following:-

  • Create FastFormulas to define rules for Business Administration
  • Create, modify, and use FastFormulas for Payroll Processing
  • Create, modify, and use FastFormulas for PTO Accrual Plans
  • Explain the different formula types
  • Explain the difference between the predefined, seeded, generated and user defined formulas
  • Adapt seeded and generated formulas to meet the needs of your enterprise
  • Write well structured and efficient FastFormulas
  • Write formulas using the FastFormula Assistant
  • Use conditional logic, Boolean operators, functions and user tables in your formulas
  • Create, modify, and use FastFormulas for validation
  • Use conversion functions in your formulas
  • Explain the use of FastFormulas for Quick Paint Reports & Assignment Sets