This course is designed to provide a comprehensive understanding of Oracle Fusion Budgetary Control. Participants will learn how to set up, manage, and utilize budgetary control features in Oracle Fusion Financials. The course covers key concepts, configurations, and functionalities to ensure compliance with financial control policies and improve financial reporting accuracy.
What you’ll learn
- Budgetary Control and Encumbrance Accounting Overview
- Implementation Decisions
- Budgetary Control ledger or project
- Budgetary Control Calendar and source budget type
- Budget Accounts and Hierarchies
- Override and supplemental Rules
- Loading budget amount using ADFi and FBDI\
- Consuming Funds
- Monitor Consumption and close budget period
- Budgetary control transaction flow P2P
- Budgetary control transaction flow Internal Orders, Expenses, and Journals
- Budgetary control override Requests and transfer
- Enable Encumbrance accounting
- Encumbrance journals for P2P process
Section 1: Introduction and Overview
- Course Agenda
- Budgetary Control and Encumbrance Accounting Overview
- Budgetary Control Implementation Decisions
- Budgetary Control Vs Encumbrance Accounting Flow and Implementation Decisions
- Quiz
Section 2 : Budgetary Control
- Enabling Budgetary Control 1
- Enabling Budgetary Control 2
- Enabling Budgetary Control – Business Units, Journal Exceptions, and Mapping
- Default Date Rule to Control Budget Period
- Budgetary Control Basics and Not Retroactive Concept
- Example of how Budgetary Control Validation Failure Works Together
- Budgetary Control Calendar Types
- Budget Control Levels and Other Options
- Control Budget Inquiry and Reporting
- Budget Security and Auditing
- Loading Budget Amounts – ADFDI
- Budget Period Status
- Consuming Funds Overview
- Budgetary Control Liquidation Validation Option
- Monitor Consumption & Budget Period Close
- Quiz
Section 3 : Transaction Flow of Budgetary Control
- Procure to Pay Budgetary Control Transaction Flow
- Internal Orders, Expenses and Journal – Budgetary Control Transaction Flow
- Enabling Encumbrance Accounting
- Open Encumbrance Year and Create Accounting
- Procure to Pay Encumbrance Journals
- Budgetary Control Overrides and Budget Transfers
- Carry Forward Process
- Quiz
Section 3: Reporting on Budgetary Control and Encumbrance Accounting
- Reporting Solutions on Budgetary Control and Encumbrance Accounting
Section 4: Budgetary Control Actual Business Case
- Budgetary Control Actual Business Case Full Cycle from Setup to Transaction
Who this course is for:
- Oracle consultants
- Junior/senior Oracle learners
- Accountant
- inance professionals and budget analysts.
- Oracle Fusion Financials consultants.
- ERP implementation specialists.
- Accounting and financial management professionals.
International Student Fees: USD: 425$
Oracle Fusion Cloud Job Interview Preparation
- Oracle DBA Interview Questions and Answers
- Oracle Fusion Cloud Technical Interview Questions
- Oracle Fusion Cloud Techno Functional Interview Questions
- Oracle Fusion Financials Cloud Interview Questions
Job Interview Preparation (Soft Skills Questions & Answers)
- Tough Open-Ended Job Interview Questions
- What to Wear for Best Job Interview Attire
- Job Interview Question- What Are You Passionate About?
- How to Prepare for a Job Promotion Interview
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Flexible Class Options
- Weekend Classes For Professionals SAT | SUN
- Corporate Group Trainings Available
- Online Classes – Live Virtual Class (L.V.C), Online Training
Related Courses:
Oracle Financials Cloud Certification Training – Master General Ledger Implementation
Oracle Fusion Cloud Administration Training
Oracle Fusion Financials Cloud Functional Consultant – All in One (GL, AP, AR, CM, FA)
Oracle Fusion Cloud Technical Configuring – BI, OTBI, BICC, FRS, SmartView
Oracle Fusion Financials Cloud- Receivables Fundamentals
