Overview of Oracle Accounting Hub Cloud Features

Oracle Accounting Hub Cloud provides a complete set of accounting tools and unparalleled access to financial data, including:

• Oracle General Ledger features that provide:

  • Journal entry import and creation

  • Real time balances from a balances cube

  • Accounting controls

  • Close functionality

  • Cross-ledger intercompany balancing

  • Calculation Manager for the definition of allocation rules using complex formulas

  • Automatic generation of allocation journals

  • Enhanced journal approval

  • Year-end process management

• Oracle Financial Reporting that provides:

  • Embedded balances cube functionality

  • Multidimensional, online analytical processing of financial information

  • Ability to slice and dice data across dimensions

  • Drill up, down, and across on any parent level within the chart of accounts

• Accounting transformation enables you to create subledger accounting rules that provide flexible transformation of transaction and reference information from diverse, non-Oracle, industry applications into accurate, detailed, auditable accounting entries. The subledger accounting journals generated for non-Oracle applications are stored in a subledger accounting repository that is shared with the subledger accounting journals generated by Oracle Fusion Subledger Accounting for the subledgers such as Payables, Receivables, Assets and Inventory.