Allocations and Eliminations: Oracle Fusion Cloud

“I see allocations in Oracle Fusion Cloud, but it looks VERY different from R12!”

“I did a search in the task pane, typed Eliminations, but no results found!”

If you have been confused or do not know where to look for answers, this blog hopes to give you a glimpse of how allocations and eliminations are now handled in Oracle Fusion Cloud.

With EBS, users were limited to allocation rules in using the Allocation functionality. However, Fusion Cloud enhances the same functionality; improves efficiency and eliminates extension/ workarounds related to Allocations and Eliminations. A streamlined Allocation and Elimination process affords better transparency and makes financial close smoother. Let’s see how.

First off, here is the high-level comparison view between the two Oracle product versions.

Comments

Post a Comment

Popular posts from this blog

Whitepaper - Mobile Application Testing

With the advent of smartphones, a mobile phone has evolved from being just a communication device to a highly sophisticated business utility equipment. With smartphones no longer remaining a conspicuous consumption, they have become an efficient tool for handling finances, managing mails & agendas, and executing other business functions. Statistics highlight that 1.6 billion smart phones are sold at a rate of 1.8 to 2 million devices a day since 2007, and 1.5 billion smartphones will be shipped in 2016 – a 5.7 percent increase from 2015 – and will reach 1.92 billion by 2020. Download whitepaper - Mobile application testing
Read more

Key Features of Oracle Financial Consolidation & Close Cloud Service (FCCS)

Image
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the newest addition to the Oracle EPM Services . FCCS is a solution to streamline the accounting activities associated with the month-end financial close. FCCS leverages Oracle’s experience with financial processes. This article outlines the key areas of Oracle FCCS: Top Features of FCCS including Integrated Close Analytics and Improved User Experience The FCCS Transparent Close Processes Integrated Workflow Process-concentric Financial Close   FCCS Consolidation & Reporting Process     What Does FCCS Include?   Features of Financial Consolidation & Close Cloud Services Close and Consolidation : Cash flow, Balance sheet, Income statement, Rollovers, Call-to-Actions, and more are automatically calculated. Leverage multi-GAAP driven with full currency support, inter-company eliminations, equity eliminations, adjustments, and applications detailed dat
Read more

Tableau CRM features and Setup guide

Image
What is Tableau CRM? Many enterprises have leveraged Salesforce out-of-the-box reports and dashboards to understand their data and performance for years. However, data size has been increasing rapidly daily; analyzing the data manually has become a bigger challenge; subsequently, analytics have become more critical than ever before. Learn more about Salesforce CRM implemetation   Tableau CRM (Formerly known as Einstein Analytics) was introduced to address this challenge. It's an AI (Artificial intelligence) powered advanced analytics solution which works with any data source. The AI-powered Einstein Discovery, Einstein Analytics apps analyze billions of data combinations and provide predictive insights and prescriptive recommendations to the users. Tableau CRM provides analytic experiences in sales, service, and marketing to quickly take business decisions and actions. This platform is also optimized for mobile use. Why Tableau CRM? The key differences between Tableau C
Read more