Overview of Federal Financials Setup

The Federal Financials Setup task list provides the setup tasks for the integrated features required for daily operations for an agency of the federal government.

Here's a list of tasks that you can perform as part of Federal Financials Setup:

Task	Description
Manage Federal Lookups	Define and maintain the user-defined Federal Financial lookup values.
Manage Federal Profile Options	Define and maintain site-level attributes for your agency.
Manage Federal Groups	Define and maintain selected shared setup across ledgers that have a common natural account value set.
Manage Federal Ledger Options	Define maintain ledger specific options for the ledger including budget execution related options.
Manage Federal Setup Options	Define and maintain business unit attributes that enable federal processes for each business unit.
Manage Agency Location Codes	Define and maintain identification codes assigned by the Treasury to the accounting office of an agency that reports collections and disbursements.
Manage Federal Account Symbols	Define and maintain Federal Account Symbols (FAS) for agencies. The FAS identify the agencies responsible for appropriation and fund classification without regard to the period of availability to incur new obligations.
Manage Treasury Account Symbols	Define and maintain account identification codes assigned to these individual accounts of an agency: Appropriation accounts Receipt accounts Other fund accounts
Manage Fund Attributes	Define and maintain fund attributes used by an agency for Treasury reporting purposes. Federal agencies segregate their treasury account symbols into different funds to comply with legal requirements.
Manage Payment Type Mapping	Define and maintain payment type mappings.
Manage Budget Transaction Types	Identify and maintain required attributes and define debits and credits to be generated for budget transactions based on the budget transaction type.