1. Implementing Your Financials Framework
  2. Selecting an Accounting Framework

Selecting an Accounting Framework

There are three accounting frameworks that agencies can implement: Public Sector Accounting, Financials Cloud Subledger Accounting (SLA), or Financials Cloud Applications.

Note: An agency must be an Oracle Financials Cloud customer to select Financials Cloud Subledger Accounting as an accounting framework.

You select the accounting framework for your agency in Functional Setup Manager (FSM).

Selecting an Accounting Framework Option

  1. Access FSM by selecting Setup and Maintenance in the navigator.

  2. Select a Public Sector offering such as Public Sector Permits or Public Sector Planning and Zoning.

    Note: The accounting framework selection you make will apply to all of your Oracle Permitting and Licensing offerings.

  3. Click the Actions button for the Accounting functional area and select Change Feature Selection.

  4. On the Edit Features: Accounting page, click the Enable icon.

  5. On the Feature Name: Accounting Framework Option modal page, select an accounting framework for your agency. Options are:

    • Public Sector Accounting

    • Financials Cloud Subledger Accounting

    • Financials Cloud Applications

    The option you select determines which tasks appear in the task list for the Accounting functional area. The setup tasks for Public Sector Accounting are documented in this chapter. For more information on Oracle Financials Cloud Subledger Accounting, see Oracle Financials Cloud  Implementing Subledger Accounting and Oracle Financials Cloud  Using Subledger Accounting

    The Financials Cloud Applications option allows you to configure Public Sector Community Development to integrate with Oracle Receivables. This enables your agency to generate miscellaneous receipts for payments received in Public Sector Community Development and send them to Oracle Receivables for processing and accounting. For more information, see Oracle Receivables Integration Overview

    Note: FSM allows you to select the Public Sector Accounting and the Financials Cloud Subledger Accounting options, but that is not currently supported. You should select only one of these two options.Additionally, FSM allows you to leave both check boxes blank, but that is not supported. If you do not select an accounting framework, the entire Accounting functional area will be hidden in FSM and you will not have access to critical accounting setup that is required for the Generate Accounting process. Without that setup, the process generates an error for each accounting transaction because there are no accounting rules defined.

  6. Click Save and Close.

  7. Click Done.

Related Topics