Implement Enterprise Structures

The Define Common Financials Configuration for Rapid Implementation task list provides a framework for developing and managing your chart of accounts, ledgers, legal entities, and business units to meet your accounting and reporting requirements.

Setting Up Enterprise Structures

The tasks in this list relate to the setup of enterprise structures. These tasks are the basic setup steps. They may be interspersed with other tasks that aren't required to implement Oracle Financials Cloud. In the Setup and Maintenance work area, create an implementation project that includes the Define Financials Configuration for Rapid Implementation task list. That task list includes the Define Common Financials Configuration for Rapid Implementation task list. Each task is performed by the Application Implementation Consultant.

Note: These tasks are also included in the Define Enterprise Structures Configuration for Rapid Implementation task list, which you can add to your implementation project in the Setup and Maintenance work area.

All documentation references are from the Oracle Financials Cloud Implementing Enterprise Structures and General Ledger guide.

1. Manage geographies.

   • Perform the task Manage Geographies to enable the list of values for address fields in user interfaces.

   • See: Geographies chapter: Define Geographies: Overview

2. Create chart of accounts, ledger, legal entities, and business units in a spreadsheet.

   • Perform the task Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet to create a spreadsheet for entering the primary ledger and all accompanying enterprise structures. Spreadsheet entry includes the chart of accounts with segment values and account hierarchies, associated business units, and associated legal entities. In addition, the spreadsheet includes the rules for generating sequential identifiers for transactions recorded in the application and certain setup objects along with their accounting specifications for various modules of Oracle Financials Cloud.

   • See: Financial Structures chapter

     • Enterprise Structures Rapid Implementation: Overview

     • Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheets: Explained

     • Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheets: How They're Processed

3. Upload the chart of accounts.

   • Perform the task Upload Chart of Accounts to load the chart of accounts structure, including segments and value sets, from the spreadsheet.

   • See: Financial Structures chapter: Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheets: How They're Processed

4. Upload the ledger, legal entities, and business units.

   • Perform the task Upload Ledger, Legal Entities, and Business Units to load key enterprise structures, including the ledger, legal entities, and business units that are dependent on the chart of accounts.

   • See: Financial Structures chapter: Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheets: How They're Processed.

5. Create cross-validation rules.

   • Perform the task Create Cross Validation Rules in Spreadsheet for the chart of accounts to determine the account combinations that users can create dynamically as they enter transactions or journal entries.

   • See: Financial Structures chapter

     • Cross-Validation Rules in General Ledger: Overview

     • Cross-Validation Rules: Explained

     • Cross-Validation Rules: Points to Consider

     • Cross-Validation Rules Spreadsheet: Explained

     • Creating Cross-Validation Rules in a Spreadsheet: Worked Example

After performing the enterprise structures tasks, run the Enterprise Structures Setup Report and diagnostic tests for the enterprise structures setup data.

• See: Enterprise Structures Introduction chapter

  • Enterprise Structures Setup Report: Explained

  • Running Diagnostic Tests for Enterprise Structures Setup Data: Explained