1. Administering Planning Modules
  2. Configuring Financials
  3. Setting Up Budget Revisions and Integration with Budgetary Control
  4. Enabling Budget Revisions
  5. What Happens When You Enable Budget Revisions in EPM Planning Financials

What Happens When You Enable Budget Revisions in EPM Planning Financials

When you enable Budget Revisions, the following changes occur:

  • A new navigation flow is added in EPM Planning Financials to create budget revisions.


    Navigation flow when you enable Budget Revisions
  • New forms are added.
  • New trends are added for trend-based planning to make adjustments to your current budget.
    • Current Period Actual
    • Current Year Encumbrance
    • Net Current Budget
    • Current Year Approved Budget
    • Current Year Original Budget

  • Existing forms are updated to include the Budget Revision members and appropriate Approved Budget, Actual, and Encumbrance data.

  • Valid intersections are added to limit the information shown on forms to be the appropriate combinations.

  • Metadata is added to the application.

    • Account dimension is updated to include a new hierarchy, OFS_Revision Detail for Forms.

    • Version dimension is updated to include OEP_Revision Versions, and OEP_ Net Current Budget along with associated members for each revision you enabled.

    • Scenario dimension is updated to include OEP_Adopted Budget and, if you enable Import Balances from Budgetary Control, OEP_Consumed.

  • A Smart List, Control Budget Name, is created.
  • A new Connection type, Fusion Budgetary Control, is added in Connections.
  • Rules are added. See Financials Rules for Budget Revisions.