R12.2 Oracle Financials Accounting Hub Fundamentals Course Overview

R12.2 Oracle Financials Accounting Hub Fundamentals Course Overview

The R12.2 Oracle Financials Accounting Hub Fundamentals course is designed to provide learners with a comprehensive understanding of the Financials Accounting Hub (FAH) and its components. This course is essential for professionals who wish to integrate and streamline their financial processes using Oracle's robust accounting platform.

Module 1 delves into the basics of FAH, including creating subledger journal entries from accounting events, identifying those events, and understanding the transaction objects involved. It offers insights into flexible application accounting, the importance of multiple representations for scalability, and the nuances of primary and secondary ledgers.

Module 2 guides learners through defining, building, and integrating a third-party application, focusing on planning journal entries and defining transaction tables and views.

Module 3 covers the Accounting Methods Builder (AMB), teaching how to define entities, event classes, and event types, along with creating and assigning sources.

Module 4 is all about creating journal entries, populating transaction tables, and running the Create Accounting Program.

Module 5 wraps up the course with a focus on using reports for subledger accounting, including the Journal Entries Report and Account Analysis Report.

Upon completion, learners will be adept at leveraging the Oracle Financials Accounting Hub to improve their financial operations, ensuring accuracy and compliance.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

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Course Prerequisites

To ensure a successful learning experience in the R12.2 Oracle Financials Accounting Hub Fundamentals course, participants should possess the following minimum prerequisites:

  • Basic understanding of accounting principles and financial operations within an organization.
  • Familiarity with the general ledger and subledger concepts in a financial system.
  • Experience with or knowledge of Oracle E-Business Suite (EBS), particularly the financial modules.
  • Working knowledge of the accounts payable process and its integration with general ledger.
  • Ability to navigate through Oracle applications and use the Oracle EBS front-end interface.
  • Basic skills in SQL and relational databases to comprehend data integration aspects.
  • Some exposure to Oracle's Application Object Library (AOL) would be beneficial but not mandatory.

While these prerequisites establish a foundation for learning, the course is designed to guide participants through the functionalities and implementation of Oracle Financials Accounting Hub. Our goal is to enable learners of various backgrounds to enhance their skills and understanding of the Oracle Financials Accounting Hub.

Target Audience for R12.2 Oracle Financials Accounting Hub Fundamentals

The R12.2 Oracle Financials Accounting Hub Fundamentals course caters to professionals dealing with financial data integration and management.

  • Finance Managers and Directors

  • Financial Analysts

  • Financial Controllers

  • Accountants

  • ERP Consultants

  • Oracle EBS Financials Implementers

  • Systems Analysts and Developers

  • IT Professionals working with financial systems

  • Technical Support Engineers

  • Oracle Application Users

  • Business Intelligence Professionals

  • Project Managers overseeing financial system upgrades or implementations

  • Compliance and Audit Officers dealing with financial reporting standards

  • Database Administrators managing financial databases

  • Software Engineers looking to understand Oracle Financials Accounting Hub

  • Business Analysts requiring knowledge of financial systems integration

Learning Objectives - What you will Learn in this R12.2 Oracle Financials Accounting Hub Fundamentals?

Introduction to Learning Outcomes:

Gain mastery in Oracle Financials Accounting Hub (FAH) and learn to create and manage accounting for external systems, ensuring enhanced reporting and compliance within R12.2 Oracle Financials.

Learning Objectives and Outcomes:

  • Understand the purpose and functionalities of the Financials Accounting Hub in Oracle R12.2.
  • Learn to create and process subledger journal entries based on accounting events.
  • Identify and define accounting events within the FAH framework.
  • Comprehend the architecture of transaction objects and their importance in accounting entries.
  • Implement flexible application accounting definitions to meet diverse business needs.
  • Describe how FAH supports multiple accounting representations and scalability for business growth.
  • Explain the relationship and differences between primary and secondary ledgers within Oracle Financials.
  • Understand the end-to-end process flow within Financials Accounting Hub.
  • Define and integrate third-party applications with FAH, ensuring consistent ledger entries.
  • Utilize Accounting Methods Builder (AMB) to customize accounting rules and methods.
  • Create and validate journal entries using FAH, including running and analyzing the Create Accounting Program.
  • Generate and interpret critical FAH reports for journal entries, account analysis, third-party balances, and period close exceptions.