Financial Reporting
Federal agencies are required to produce accurate, timely, and compliant financial reports to support government-wide financial management and transparency initiatives. Oracle Fusion Financials provides the reporting capabilities needed to collect, validate, and report financial information in accordance with federal requirements.
The financial reporting processes available in Federal Fusion, focuses on government-mandated reporting. It explains the purpose of each reporting process, the required setup and data considerations, and the steps for generating and reviewing reports.
| Financial Reporting Activity | U.S. Federal Financials Feature |
|---|---|
| Report USSGL balances | Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) |
| Report financial data based on DATA Act specifications | DATA Act reporting |