Oracle Fusion Financials Data Model
- 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.
- General Ledger (GL): Manages financial data by recording and summarizing transactions. It tracks debit and credit entries for various accounts, journals, and ledgers.
- Accounts Payable (AP): Manages supplier invoices, payments, and expenses—tracks outstanding payables, payment terms, and supplier information.
- Accounts Receivable (AR): Handles customer invoices, receipts, and revenue; tracks outstanding receivables, customer credit limits, and payment terms.
- Cash Management: Monitors cash positions, forecasts, and bank transactions. It includes bank reconciliation, cash forecasting, and cash flow analysis.
- Fixed Assets: Tracks the organization’s tangible assets, depreciation, and maintenance. Manages asset acquisitions, disposals, and transfers.
- Expense Management: Handles employee expense reports, approvals, and reimbursement processes.
- Financial Reporting: Provides tools for generating financial statements, management reports, and analytics. Supports customized financial reporting and data visualization.
- 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.
- Tax Management: Manages tax-related transactions, calculations, and compliance reporting.
- Currency Management: Handles multi-currency transactions and conversions.
- Intercompany Transactions: Manages financial transactions between different entities within the same organization.
- Audit Trail and Security: Ensures data integrity, security, and compliance by tracking changes to financial data and controlling user access.