R12.2 Oracle Payables Management Fundamentals
Duration : 4 Days (32 Hours)
R12.2 Oracle Payables Management Fundamentals Course Overview:
Oracle Payables Management Fundamentals is an eLearning course designed for Oracle E-Business Suite users on Release 12.2. The course aims to provide a comprehensive understanding of Oracle Payables Management, including its features and functionality. Participants will learn how to set up and maintain Oracle Payables, create and process invoices, manage payments, and reconcile accounts. They will also gain knowledge in working with users, vendors, and control accounts, utilizing tax charges, and reviewing reports.
This course is well-suited for bank reconciliation accountants, accounts payable personnel, and financial controllers. Participants are expected to have a basic understanding of Windows and Oracle Applications to successfully complete the course.
Intended Audience:
- Finance Professionals
- Database Administrators (DBAs)
- Individuals responsible for setting up, maintaining, and optimizing Oracle Payables for optimal performance
- Participants seeking to build a comprehensive understanding of the Oracle Payables database and its usage in corporations
- Students with exposure to the fundamentals of accounting principles
- Participants familiar with database management systems and related topics, such as Oracle TCA, Oracle Financials modules, and general database concepts
- Individuals with a strong understanding of business processes surrounding the use of payables, such as Statement of Cash Flow, General Ledger, Accounts Receivable, and Accounts Payable.
Learning Objectives of R12.2 Oracle Payables Management Fundamentals:
1. Understand the features and benefits of R12.2 Oracle Payables Management
2. Develop knowledge of the key setup areas required to use Oracle Payables
3. Ability to create supplier information, payment files, and supplier invoices
4. Learn how to use existing features such as document sequencing, output formatting, and accounting
5. Learn best practices for validating and approving supplier invoices
6. Understand how the security model works and how to configure access
7. Know how to use features such as summary scheduling, invoice matching, and line-level accounting
8. Gain insights into accounting treatments associated with Oracle Payables
9. Learn how to manage supplier credit limits, withholdings, and tax
10. Develop skills for automating payments, creating payment runs, and issuing payments to suppliers
Module 1: Procure to Pay Overview
- Describing the Procure to Pay Process Flow
- Describing how the Procure to Pay Process Fits Across the eBusiness Suite Applications
Module 2: Payables Overview
- Overview of Payables Processes
- Understanding Supplier Entry
- Understanding Invoice Entry
- Understanding Payments
- Analyzing Payables Integration Points
- Using Payables Open Interfaces to Import Data
Module 3: Suppliers
- Understanding the Procure to Pay Lifecycle
- Defining Supplier and Supplier Sites
- Identifying the Key Reports
- Understanding Setup Options
- Analyzing Implementation Considerations
Module 4: Invoices
- Importing and Entering Invoices and Invoice Distributions
- Matching Invoices to Purchase Orders
- Validating Invoices
- Applying and Releasing Holds
- Understanding the Invoice Approval Workflow
- Generating Key Reports
- Analyzing Setup Options
- Analyzing Implementation Considerations
Module 5: Payments
- Describing the Payments Process
- Setting Up Banks and Bank Accounts
- Entering Single Payments
- Processing Multiple Payments
- Understanding how to Review Payments
- Understanding how to Adjust Payments
- Analyze Setting up and Creating Bills Payable
- Creating, Applying, and Releasing Holds on Prepayments
Module 6: Expense Reports and Credit Cards
- Describing the Expense Reports Process
- Understanding how to Enter Expense Report Templates
- Entering Expense Reports
- Understanding how to Apply Advances
- Identifying the Key Expense Reports
- Understanding how to Set Up Credit Card Programs
Module 7: Period Close
- Describing the Period Closing Process in Payables
- Describing the Period Closing Process in Purchasing
- Reconciling Payables Transactions for the Period
- Identifying Key Programs and Reports
- Understanding Setup Options
- Understanding Implementation Considerations
Module 8: 1099 Reporting
- Describing How to Enable 1099 Suppliers
- Entering Invoices for 1099 Suppliers
- Updating the 1099 Information
- Understanding the 1099 Setup Options
- Understanding Implementation Considerations
Module 9: Transaction Taxes in Payables
- Describing how Transaction Taxes are Calculated
- Inserting Manual Tax Lines
- Updating Transaction Tax Lines
- Viewing Tax Summary and Details
- Identifying Key Reports
- Understanding Setup Options
Module 10: Withholding Tax
- Identifying the Withholding Tax Process
- Using Withholding Tax Options
- Processing Manual Withholding Tax Invoices
- Creating Withholding Tax Invoices
- Processing Automatic Withholding Tax Invoices
- Analyzing Standard Key Reports
Module 11: Advances and Progressive Contract Financing
- Understanding the Purpose of Complex Service Contracts
- Identifying Advances, Contract Financing, and Progress Payment Invoices
- Calculating Retainage
- Recouping Prepaid Amounts for Complex Service Contract
R12.2 Oracle Payables Management Fundamentals Course Prerequisites:
• General understanding of the purchasing process
• Core concepts of Oracle Accounts Payables
• Knowledge of basic Oracle Applications navigation and user interface
• Exposure to master data setup in Oracle E-Business Suite
• Familiarity with creating and managing suppliers, supplier sites, and supplier contacts
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- Interaction and collaboration
- Networking opportunities
- Real-time feedback
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- 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.
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