Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals

Duration : 2 Days (16 Hours)

Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals Course Overview:

The Oracle Access Management 12c Administration Essentials course is designed to equip administrators with a comprehensive understanding of access control fundamentals in Oracle Access Management 12c. Participants will receive a thorough overview of the Oracle Access Management 12c architecture, its components, deployment considerations, and best practices. By the end of the course, administrators will have a solid grasp of the functional modules in Oracle Access Management 12c, enabling them to effectively plan and deploy the environment. They will also gain expertise in configuring various security controls, such as authentication methods, access policies, authorization rules, and audit trails. Additionally, the course covers user account management, troubleshooting, and maintenance of Oracle Access Management 12c, ensuring administrators are well-prepared to manage and optimize the access control system.

Intended Audience:

• Finance professionals seeking knowledge on budget control and encumbrance accounting
• Accountants and financial analysts passionate about ERP systems
• Cloud technology enthusiasts looking to upskill in Oracle ERP
• Organizational leaders planning to implement Oracle ERP Cloud
• ERP consultants and software developers interested in Oracle modules
• Financial controllers and business owners looking for efficient budget management solutions.

Learning Objectives of Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals:

The learning objectives of the Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals course are as follows:

  1. To provide learners with a comprehensive understanding of Oracle ERP Cloud’s budget control and encumbrance accounting capabilities.
  2. To teach learners how to define and manage budgets effectively, ensuring proper allocation and utilization of financial resources.
  3. To help learners understand the processes and best practices of budgetary control, enabling them to enforce financial discipline within their organizations.
  4. To enable learners to comprehend the function and significance of encumbrance accounting, which helps in managing committed funds for future expenses.
  5. To instruct learners on how to integrate budgetary control with other Oracle ERP Cloud modules, leveraging its functions for seamless financial management.
  6. To empower learners to implement and manage budgetary control and encumbrance accounting effectively, enhancing financial controls and transparency within their organizations.

By achieving these learning objectives, learners will gain the necessary knowledge and skills to implement robust budgetary control and encumbrance accounting practices using Oracle ERP Cloud, contributing to better financial management, cost control, and improved decision-making in their organizations.

 Module 1: Budgetary Control and Encumbrance Accounting Overview
  • Identifying the Key Concepts of Oracle Financials Budgetary Control and Encumbrance Accounting
  • Navigating the Cloud Applications and Using Oracle Functional Setup Manager
  • Understanding the Implementing Options and Using Features of Budgetary Control and Encumbrance Accounting
  • Generating Various Reports Used for Budgetary Control and Encumbrance Accounting
  • Navigating Oracle Cloud Applications
  • Exploring Dashboards
  • Examining Panels
  • Reviewing Infolets and Infotiles
  • Understanding Personalizations
  • Explaining the Benefits and Key Concepts of Financials Setup Pages
  • UsIng the Opt-in Feature to Enable Offerings, Functional Areas, and Features
  • UsIng the Opt-in Feature to Enable Offerings, Functional Areas, and Features
  • Discussing Budgetary Control Features, Integration Points, and Accounting Processing
  • Examining Concepts Used for Budgetary Control
  • Explaining Security for Budgetary Control
  • Enabling Budgetary Control Options
  • Managing Control Budgets
  • Exploring Budget Amounts and Budget Periods
  • Understanding Procurement Cycle Overview
  • Discussing Reserve Funds on P2P Transactions
  • Explainng Budget Override Requests
  • Exploring Closing a Budget Period
  • Managing Carry Forward of Year-end Balances and Tansactions
  • Understanding Encumbrance Accounting Features and Integration Points
  • Applying the Encumbrance Accounting Method
  • Explaining Encumbrance Types and Encumbrance Year
  • Discussing Encumbrance Accounting Entries for P2P Transactions
  • Understanding GL Balances for Reporting
  • Carrying Forward Year-end Balances
  • Understanding Reporting Processes and Solutions
  • Exploring Budget Monitor and Account Group
  • Explaining Budget Consumed and Funds Available Infolets
  • Creating Financial Reporst by Uing the Financial Reporting Studio
  • Exploring Smart View Reporting on Budgetary Control and Encumbrance Accounting
  • Viewing OTBI Reports on Budgetary Control and Encumbrance Accounting
  • Viewing BI Publisher Reports on Budgetary Control and Encumbrance Accounting
  • Understanding Budget and Forecast Creation Methods
  • Examining Financial Plan Type Configuration
  • Exploring Control Budgets: Options and Creation
  • Managing Importing Processes
  • Performing Budgetary Control
  • Performing Encumbrance Accounting

Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals Course Prerequisites:

  • A basic knowledge of Oracle ERP Cloud applications, providing a foundation for understanding the overall ERP Cloud ecosystem.
  • An understanding of Oracle ERP Cloud: General Ledger, which is closely related to budgeting and encumbrance processes.
  • Familiarity with budgeting and encumbrance processes, as these are essential components of the certification.
  • Experience in setting up and managing Oracle ERP Cloud: Financials, which involves working with financial modules and functionalities.
  • The ability to work with Oracle Fusion applications, as Oracle ERP Cloud is part of the Oracle Fusion Applications suite.

Discover the perfect fit for your learning journey

Choose Learning Modality

Live Online

  • Convenience
  • Cost-effective
  • Self-paced learning
  • Scalability

Classroom

  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
  • Personal attention

Onsite

  • Familiar environment
  • Confidentiality
  • Team building
  • Immediate application

Training Exclusives

This course comes with following benefits:

  • Practice Labs.
  • Get Trained by Certified Trainers.
  • Access to the recordings of your class sessions for 90 days.
  • Digital courseware
  • Experience 24*7 learner support.

Got more questions? We’re all ears and ready to assist!

Request More Details

Please enable JavaScript in your browser to complete this form.

Subscribe to our Newsletter

Please enable JavaScript in your browser to complete this form.
×