Implement U.S. Federal Financials

Get started with Oracle U.S. Federal Financials to enable your agency to meet Federal financial management system requirements. To complete setting up U.S. Federal Financials, you must complete the core setup steps along with the necessary prerequisite setups for the integrated applications.

Setting Up U.S. Federal Financials

The tasks in this list include the setup steps for U.S. Federal Financials. These tasks are performed by the Financial Applications Administrator.

1. Prerequisites

   • Manage users

     • Perform the task Manage Users to create users and assign access privileges.

   • Manage chart of accounts structures

     • Perform the task Manage Chart of Accounts Structures to define accounting flexfields and Federal-specific segment labels.

   • Manage invoice options

     • Perform the task Manage Invoice Options to control how invoices are processed for your business unit.

   • Manage accounting calendars

     • Perform the task Manage Accounting Calendars to create Federal-specific accounting calendar

2. Core Federal Financials Setup

   • Manage federal options

     • Perform the task Manage Federal Options to define the business unit attributes for each business unit of your agency.

   • Manage federal account symbols

     • Perform the task Manage Federal Account Symbols to define Federal account symbols for your agency.

   • Manage agency location codes

     • Perform the task Manage Agency Location Codes to define Treasury-assigned codes that identify the accounting and reporting offices of your agency.

   • Manage treasury account symbols

     • Perform the task Manage Treasury Account Symbols to define identification codes for individual appropriations, receipts, and other fund accounts of your agency.

   • Manage fund attributes

     • Perform the task Manage Fund Attributes to define fund attributes used by your Federal agency for Treasury reporting and legal compliance.

3. Subledger Accounting Setup

   • Define expense accrual distributions

     • Perform the task Manage Mapping Sets for Procurement offering to define the expense accrual distributions for the Purchasing accounts for your agency.

   • Define General Ledger accounts

     • Perform the task Manage Mapping Sets for Accounting Hub offering to define the General Ledger accounts used by Subledger Accounting for your agency.

4. Prompt Payment Setup

   • Define transaction calendar

     • Perform the task Manage Transaction Calendars to define a transaction calendar for Prompt Payment processes.

   • Define lookups

     • Perform the task Manage General Ledger Lookup Values to define lookup codes for Prompt Payment processes.

   • Define current value of funds rate

     • Perform the task Manage Interest Rates to define the rate of interest applicable on your overdue invoices.

   • Define payment terms

     • Perform the task Manage Payment Terms to define invoice payment terms that comply with the Prompt Payment Act.

5. Payment Processing Setup

   • Define pay group lookups

     • Perform the task Manage Payables Lookups to define a pay group that maps to the payment format of a payment type.

   • Define payment type mappings

     • Perform the task Manage Payment Type Mapping to map a payment type to a pay group.

   • Define internal bank branches

     • Perform the task Manage Bank Branches to define the bank branches for internal bank accounts.

   • Define internal bank accounts

     • Perform the task Manage Bank Accounts to define bank accounts that recognize the Secure Payment System or Payment Automation Manager format.

   • Define payment process request templates

     • Perform the task Manage Payment Process Request Templates to define the payment process request templates.