Oracle Fusion Financials Data Model

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Oracle Fusion Financials Data Model

 

  1. Chart of Accounts: Defines the organization’s hierarchical structure for categorizing financial transactions and accounts. It includes segments like company, department, account type, and more.
  2. General Ledger (GL): Manages financial data by recording and summarizing transactions. It tracks debit and credit entries for various accounts, journals, and ledgers.
  3. Accounts Payable (AP): Manages supplier invoices, payments, and expenses—tracks outstanding payables, payment terms, and supplier information.
  4. Accounts Receivable (AR): Handles customer invoices, receipts, and revenue; tracks outstanding receivables, customer credit limits, and payment terms.
  5. Cash Management: Monitors cash positions, forecasts, and bank transactions. It includes bank reconciliation, cash forecasting, and cash flow analysis.
  6. Fixed Assets: Tracks the organization’s tangible assets, depreciation, and maintenance. Manages asset acquisitions, disposals, and transfers.
  7. Expense Management: Handles employee expense reports, approvals, and reimbursement processes.
  8. Financial Reporting: Provides tools for generating financial statements, management reports, and analytics. Supports customized financial reporting and data visualization.
  9. Financial Consolidation: Enables the consolidation of economic data from multiple business units or subsidiaries to create a consolidated view of the organization’s financial performance.
  10. Tax Management: Manages tax-related transactions, calculations, and compliance reporting.
  11. Currency Management: Handles multi-currency transactions and conversions.
  12. Intercompany Transactions: Manages financial transactions between different entities within the same organization.
  13. Audit Trail and Security: Ensures data integrity, security, and compliance by tracking changes to financial data and controlling user access.

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You can find more information about Oracle Fusion Financials Cloud in this Oracle Fusion Financials Cloud

 

Conclusion:

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You can check out our other latest blogs on  Oracle Fusion Financials Cloud here – Oracle Fusion Financials Blogs

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