Overview of Implementing Financials

To start your Financials implementation, use the Setup and Maintenance work area to opt into the offerings that meet your business requirements. Refer to the Oracle Applications Cloud Using Functional Setup Manager guide to manage the opt-in and setup of your offerings.

Financials Offering

By using the Financials offering, you can configure how you manage financial flows, including assets, ledgers, cash cycle, invoices and payments, accounts receivable, collections, and the setup of subledger accounting and tax configuration.

The following table specifies the primary functional areas of this offering. For the full list of functional areas and features in this offering, use the Associated Features report that you review when you plan the implementation of your offering.

Functional Area	Description
Bill Management	Manage system options and user registrations.
Budgetary Control and Encumbrance Accounting	Manage control budgets and encumbrance accounting, along with data access for users. Public sector customers typically use this functional area.
Cash Management and Banking	Manage banks, bank branches, and bank accounts. Additionally, define reconciliation matching rules, bank statement transaction creation rules, parse rules, transaction codes, and transaction type mapping. Furthermore, configure your cash positioning and cash forecasting options.
Collections	Manage aging methods and collectors, as well as collections preferences, scoring data points, and strategy tasks.
Customer Billing	Manage Receivables transactions and customer billing: AutoInvoice, payment terms, transaction types, transaction sources, memo lines, balance forward billing, and recurring billing.
Customer Payments	Manage Receivables customer payments and receipts: receipt classes and methods, AutoCash rules, Application rules, AutoMatch, Lockbox.
Expenses	Manage expense report templates, approval rules, and conversion rates and policies. If applicable, opt into using corporate cards for expenses, processing of expense receipt imaging, or integration with travel.
Financial Reporting Center	Manage the financial tools to report and analyze accounting data: Financial Reporting Center, Smart View, Financial Reporting Studio, and Workspace.
Fixed Assets	Manage asset locations, calendars, books and categories, along with depreciation methods.
General Ledger	Manage ledgers, accounting configurations, journal sources and categories, and other related accounting setup. If applicable, opt into configuring journal approval email notifications.
Intercompany	Manage Intercompany transaction processing within Financials, intercompany balancing and reconciliation.
Joint Venture Management	Manage the distribution of joint venture revenue and costs among joint venture partners while preserving essential data for tracking and auditing.
Payables	Manage supplier invoice and payment options, payment terms, distribution sets, invoice tolerances, and procurement agents.
Payments	Manage payment systems, payment methods, formats, and payment process profiles. If applicable, opt into deriving a bank account number from IBAN.
Receivables	Manage the required setups to enable Receivables for transactions and receipts: Receivables system options; Receivables activities; AutoAccounting rules; remit-to addresses; and statement cycles.
Revenue Management	Manage system options for revenue management, selling price profiles, hierarchies, resources, and Trading Community source systems.
Revenue Recognition	Manage revenue recognition for Receivables: revenue policies and revenue contingencies.
Suppliers	Configure options for suppliers and supplier data.
Transaction Tax	Manage tax configuration, including tax regimes, taxes, and tax rates.
U.S. Federal Financials	Manage the financial management system options specifically defined for U.S. Federal agencies. Note: Enable U.S. Federal Financials only if you are a U.S. federal agency. When you enable U.S. Federal Financials, you incorporate processes, data elements, reporting, and accounting methods specific to federal agencies.