Federal Financials Options Setup

Overview

The Federal Financials Setup Options are required for these features:

The following table shows the fields in the Federal Financials Options window that are used to meet specific federal requirements.

Federal Requirements Met by Federal Financials Options Window
Field Name	Federal Requirements
BFY Segment	Subledger Accounting GTAS
Credit Cohort Year	GTAS
Anticipated check box	Subledger Accounting
Template Name	Subledger Accounting
Agreement Segment	Reimbursable Activity Report Generating Receivables for Reimbursable Expenditures
Expenditure	Generating Receivables for Reimbursable Expenditures
Revenue	Generating Receivables for Reimbursable Expenditures
Advance	Generating Receivables for Reimbursable Expenditures

Before mapping budget fiscal years, you must:

Define the budget fiscal year segment within the Accounting Flexfield structure.
Define the accounting periods.

For the Summary template, you must:

Select Anticipated in the Prior Year Adjustments tab of the Define US SGL Accounts window.
Define Anticipated summary template

Before defining the Reimbursable tab, you must:

Define the Reimbursable Agreement segment within the Accounting Flexfield structure.
Define the natural accounts to represent the Expenditure, Revenue and Advance accounts that will be used to determine the amounts of the Receivables in the Generate Receivables Reimbursable Related Expenditures process.

Related Topics

Define Accounting Flexfield.

Defining Calendars, Oracle General Ledger User Guide.

Adding Periods to Calendars, Oracle General Ledger User Guide.

Define US SGL Accounts Window

To define federal financials options, navigate to the Federal Financials Options window.

The following table describes selected fields on the Federal Financials Options window, Budget Fiscal Year tab.

Federal Financials Options Window Description, Budget Fiscal Year Tab
Field Name	Description
Credit Cohort Year	Segment of the accounting flexfield used to capture the Credit Cohort year
BFY Segment	Segment of the accounting flexfield used to capture the budget fiscal year. Note: In the Subledger Accounting Account derivation rules, the budget fiscal year mapping setup information determines which transactions are upward or downward transactions by detecting an incorrect match between the budget fiscal year segment value of the Accounting Flexfield and the general ledger transaction date. The Year of Budget Authority is determined from the budget fiscal year mapping setup information by comparing the reporting year to the budget fiscal year segment value of the Accounting Flexfield.
Period Year	Period year defined in General Ledger mapped to the budget fiscal year segment value.
Segment Value	Budget Fiscal Year segment value
Anticipated	If selected, anticipated downward adjustments for reimbursable funds will be tracked to determine the appropriate accounting for these downward adjustments.
Template Name	Summary account used to track the anticipated balance for downward adjustments. Note: Subledger Accounting determines the downward adjustment to be anticipated until the anticipated balance is reduced to zero, then all future PYA transactions are determined as Unanticipated.

The following table describes selected fields on the Federal Financials Options window, Reimbursable tab.

Federal Financials Options Window, Reimbursable Tab
Field Name	Description
Expenditure	Natural account segment value that will track reimbursable agreement expenditures. Note: Receivables are created for Reimbursable expenditures if the account balance for the expenditure account is greater than the revenue account for each reimbursable agreement segment value.
Revenue	Natural account segment value that will track reimbursable agreement revenue. Note: Receivables are created for Reimbursable expenditures if the account balance for the expenditure account is greater than the revenue account for each reimbursable agreement segment value.
Advance	Natural account segment value that will track reimbursable agreement advances. Note: The advance account determines the Receivable to be created as a liquidation of the advance until the advance balance is reduced to zero.