fusion apps gl_001

and Together. Free your energies

Fusion Financial Applications(General Ledger)

September 2010Presenter: Kamleshwar Chopra

Oracle Solution Centreand Together. Free your energies

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Fusion Applications – How it all started?

After the acquisition of PeopleSoft and its sister firm JD Edwards in Dec 2004, Oracle announced that a new product, Fusion, is to be released in the near future.

Oracle said Fusion will take the best aspects of the

PeopleSoft, JD Edwards and Oracle Applications and merge them into

a new product suite.

Year 2005 Understanding the features and finalize the base software Get the platforms ready for development.Year 2006 Finalize the team and start on the Functional designs plus some development.

Training on the new Tech-stack.Year 2007/08 Development.2009 onwards Testing rounds. 2

http://en.wikipedia.org/wiki/Oracle_Fusion_Middleware


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What Fusion Applications is all about?

Fusion is Oracle’s next generation business applications.

Oracle Fusion Applications are 100% open-standards-based business applications that set a new standard for the way we innovate, work, and adopt technology.

As per the Oracle CEO (Larry Ellison) - Fusion Applications is “the largest engineering project in Oracle’s history”.

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Fusion – Next Generation Platform

Oracle Forms / OAF Pages ADF Pages

Pro*C and RDF based reports BI Publisher, Hyperion or OBIEE

Backend Engines written in Pro*C Pro*C

PLSQL Code PLSQL Code

Oracle Workflow SOA (ESB, BPEL, Adapters)


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Fusion - General Ledger

New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration


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New Layouts/UIs The UIs also called Pages have consistent layout

throughout the Fusion Application and they all are based upon the common framework called - Application Development Framework (ADF).

Task

Re

gio

n

Local Region

Co

nte

xtua

l

Global RegionGlobal Region – always present and consistent

Local Region – Transactional entry like Journal Entry.

Task Region – Typical tasks that you would perform

Contextual Region – Relates to data in Local region if configured


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Local Region

Contextual Region

Note: Wire Frame based Sample


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New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule. Hyperion Integration


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Embedded Analytics

Embedded analytics provides the key pieces of information that every role needs in order to best complete or manage a business process, and delivers that information directly to transactional applications.

For example, in the context of creating and posting a journal, users should be provided with information on how posting impacts the total account balance. Error messages should be enhanced to allow users to quickly identify and correct errors in the journals. If a journal encounters errors during posting, the user will be presented with a pop-up error message informing him of the cause of the errors and suggested actions. The erroneous journal lines should also be highlighted to quickly spot the erroneous lines.


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Embedded Analytics - Example

Real Application Screenshot available on the Internet.


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Interactive Dashboard

The interactive dashboard helps to manage business execution across processes, roles, and organizations against corporate objectives and strategy. Users should be able to drill down further into the underlying detail transactions to investigate problem areas.

For example, a GL accountant using a dashboard may be presented with all journal batches that require attention, and he can drill down to the batches and journals to investigate the problems.


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Interactive Dashboard - Example

Real Application Screenshot available on the Internet.


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Key Flexfield Structure

Till R12 release:Chart Of Accounts (COA) = Segments + Value Sets

In Fusion Key Flexfield is divided into two parts – Shape portion and Validation portion.Shape Portion called as Key Flexfield Structure = Defining Segments and Segment attributes Only.Validation Portion called as Chart of Accounts = KFS + Value Sets.


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Key Flexfield Structure Contd..

KFF Structure

KFF Structure Instance / COA


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Multiple Balancing Segments

Till R12 release:User can define only one balancing segment i.e. Primary Balancing Segment in the Accounting Flexfield.

In Fusion:General Ledger is going to support upto three balancing segments i.e.

Primary Balancing SegmentSecond Balancing SegmentThird Balancing Segment


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Multiple Balancing Segments Contd..

Debit (USD) Credit (USD)

02-000-1110-0000 100

02-100-1200-0000 100

02-000-2990-0000 200

Suspense Account = 01-000-2990-0000

Debit (USD) Credit (USD)

02-000-1110-000 100

02-100-1200-000 100

02-000-2990-000 100

02-100-2990-000 100

In Fusion:

In R12 version:

Company(Segment1)

Primary Balancing

Department(Segment2)

Second Balancing

Account(Segment3)

Product(Segment4)

Sub Product(Segment5)


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One-Step Posting

The post button will now implement one-step posting.

When you press the post button, it will execute allnecessary actions to post the batch. Once all of thenecessary steps are done, it will then submit

posting forthe batch

For Example: 1. If the batch is incomplete, then it will complete and

validate the batch. 2. If the batch needs funds reservation, then it will reserve

funds. 3. If the batch needs approval, then it will submit it for

approval.


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Multi-Currency Journals

The ability to enter journals across currencies is very important for financial services industry. Multiple entered-currencies and multiple conversion rates can be specified at the journal line level. Users do not have to create multiple journals per currency; instead they can now group those journals into the same journal in GL. It also gives users more flexibility and speeds data entry.


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Multi-Currency Journals Contd..

Entered Currency BalancingWith the currency moving to the Journal Lines level there is an urge to balance the Multi-Currency Journals also in order to go inline with the Accounting principles. This gives rise to the new balancing concept called Entered Currency Balancing i.e. to balance the journals by Entered Currency.

Currency Entered Dr Entered Cr

02-000-1110-000 USD 100

02-000-1200-000 INR 100

02-000-3310-000 USD 100

02-000-3310-000 INR 100

Entered Currency Account = 01-000-3310-0000


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Journals - Action Log

Action Log displays action history for the various actions performed on batches like Created, Updated, Sent For Approval, Approved, Unapproved, Rejected, Funds Reserved, Fund Unreserved, and Posted etc..


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Threshold Limit and Journal BalancingThere will be a new field at the Ledger Definition level to set the

Threshold Limit. It is the % of difference between the Total Accounted Dr and Total Accounted Cr that the system will take into account while considering the Journal as Balanced or Unbalanced. If the difference crosses the Threshold Limit then only the Journal is Unbalanced else Balanced.

Debits Equals Credits Logic

IF Multi_Currency Journal then IF sum(abs(accounted_dr)) = sum(abs(accounted_dr)) THEN Journal is balanced ELSE IF Net difference of the Accounted_Dr and Accounted_Cr is under Threshold Limit THEN Journal is balanced ELSE Journal is un-balanced.ELSE IF Single_Currency THEN IF sum(entered_dr) = sum(entered_cr) THEN IF sum(abs(accounted_dr)) = sum(abs(accounted_dr)) THEN Journal is balanced ELSE IF Net difference of the Accounted_Dr and Accounted_Cr is under Threshold Limit THEN Journal is balanced ELSE Journal is un-balanced. ELSE Journal is un-balanced.


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GL – Hyperion Integration

In Fusion General Ledger will provide a ready-to-use integration with the Hyperion to use it as a Financial Reporting Solution.

The entire Hyperion Financial Reporting solution for Fusion as the solution must adhere to a strict latency requirement of less than 5 minutes to update GL balances. These strict latency requirements mean that a user must be able to post a journal entry, and after 5 minutes run their report in Hyperion with the updated results.


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The general approach in most of the cases (where applicable) will be to embed a program that will be generated automatically upon the appropriate trigger (i.e. GL Posting or other UIs like accounting setups or accounting calendar), as well as provide that same program that can be run on demand or scheduled.

For example: Each time posting is run and completed in GL, a separate GL balances transfer program will be launched (separate for each ledger) to dump the incremental / delta balances to the intermediate table from where Hyperion will read and update the balances.

GL – Hyperion Integration Contd..


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Miscellaneous

All the following functionalities will carry forward as it is to Fusion with a change that all the UIs will be now ADF based.

Accounting Setup ManagerDefinition Access Set (DefAS)Data Access Set (DAS)All the Setup UIs


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FUSION

= CONFUSION ?

Setting standards for the next generation Business Applications

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