Go through : https://learn.oracle.com/pls/web_prod-plq-dad/learn?p=MO:39618:40002:40005:0
Rapid implementation spreadsheet template is used to implement Oracle Fusion Enterprise structures set up for the following objects:
· Chart of Accounts which includes set values, value sets and structures
· Account hierarchies (trees and tree versions)
· Accounting calendars
· Legal entities and Jurisdictions
· Primary Ledgers
· Business Units
The aforementioned items are Functional Set up manager tasks which need to be performed to rapidly implement Oracle Fusion GL. Set up Chart of Accounts, Ledger, Legal Entities and BU’s in a Spreadsheet can be downloaded for the rapid implementation Excel spreadsheet template.
Uploading of COA — Create an enterprise structure process from the scheduled process using Upload Data file as a parameter.
Deployment of COA — To perform this activity, open the manage chart of accounts instance page. There is an option to select an accounting flex field and press deploy button to deploy the accounting flex field.
Uploading of the Ledger — We can create an enterprise structure process from a scheduled page with the upload data file as parameter.
Below are some of the best practices and recommendations:
Chart of Accounts needs to be designed carefully, need to include the number and sequence of segments. It is advisable to identify the aspects of business that you want to track and analyze. i.e., Entity, Division, Cost Center etc.
Fast and Robust Account Inquiry
Foresee future growth and changes needed in reporting requirements. Based on that, ensure to define future segments. Always have default values for future segments for better data entry. Set up account hierarchies to reflect managerial, legal and geographical relationships between the value set values. Financial balances are pre-aggregated at each parent level. It would allow fast and robust account inquiry.
Preparing and Loading Rapid implementation templates
Collect Data:
First, collect the required data for implementation.
1. Finalize chart of accounts segments
2. Compilation of segment values
3. Identification of LE’s and BU’s
4. Determining Retained earnings account
How to prepare Data Sheet Templates
Complete the data sheets for each enterprise structure. There would be character and word limitations so consider to apply Hyperion Essbase and to other Oracle GL configurations. Follow the steps below:
1. Finish Chart of Accounts, Calendar, Currency and Ledger
2. Finish BU data entry
3. Finish Companies and LE’s
4. Finish Natural Accounts sheet
5. Finish Financial sequences
6. Validate the workbook data
How to Load Templates
· Once you click on Step 2, it generates an XML data file called ChartOfAccounts.xml
· Save this file in our local folder
· Now click on Step 3, it generates an XML data file called FinancialsCommonEntities.xml
· We can save the file in our local folder
· Go to setup and maintenance page in FSM, search and select the Upload Chart of Accounts task
· Upload file — select ChartOfAccounts.xml file
· Click on the Submit button, you will be directed to Scheduled Process Page
· Check for any errors or warnings to ensure the process is completed without any interruptions
· Click on Done button
· Select deploy chart of accounts from the set up and maintenance form
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