Course Overview

ORACLE Apps R12 Financials Online Training in Hyderabad

One of the software product offered by Oracle corporation is Oracle Apps R12 Financials . Oracle R12 Financials Features have great applications to manage Organization's Financial and accounting information. With the Organization's of Oracle Financials Applications can track detailed business transaction data, same data can be used for reporting and decision making purpose.
Oracle Apps R12 Financials consist of below applications:
Oracle General Ledger
Oracle Accounts Payable
Oracle Accounts Receivable
Oracle Fixed Assets
Oracle Cash Management
Who is the target audience?
Any Professional with Basic Knowledge on ERP
Bestway Technologies offer various types of personalized training for participants, and this initiation makes us exclusive. Oracle Apps Finance course from Bestway Technologies will contemplate from fundamental to advanced level training. We train from beginners to advanced about proceed to implementation, business processes and concepts, and mapping of data. For professionals who are having already experience in Oracle Financials, we cut down the basics and continue to train them on advanced concepts.

Oracle Financials online training program from Bestway Technologies is highly interactive. Bestway Technologies will teach all the features which are implemented and discussed with test-cases on real-life examples which helps participants understand better and moreover make it an interactive session. Our Oracle Financials Training Course syllabus is designed to assist individuals get certified as an OCP.

Why should you get Oracle Financials Training?
The Application of Oracle Financials is part of "The Global Business Release".
It is used all over the world by medium and large-scale companies. Within few years, there has been huge demand for increase in implementation of oracle finance application as well as oracle financial trained professionals
The Professionals who are working in accounts and finance can become oracle finance consultants or executives or experts.
Job opportunities with highest renumeration for finance professionals.
Start earning 50% more and Boost your career.
Oracle Financials globally use most of the medium and large-scale companies, employers actively seek for professionals with demonstrated experience and skill-set on the same. You can begin a stable career, grow faster financially by enrolling in this program,.
The Professionals working in accounts and finance can also attend this training program to become a consultant or executive or expert on the same

The Oracle Financials also called Oracle eBusiness Suite is the world class accounting and financial ERP, one of the most flexile and booming packages ever created. The main areas of Oracle financials include General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP), Fixed Assets (FA) and Financial Intelligence (FI), Inventory Management, and Daily Business Intelligence (DBI).
Oracle Financials online training from Bestway Technologies teaches you how to set up some of the new features. Oracle R12 Financials also provides a updated knowledge for your analysis of the new characteristics in order to use them optimally.
Fundamentals of Oracle Financials.
It also includes explaining and using data access to multiple ledgers description and legal entities .
Use Enhanced Mass Additions for Legacy Conversions Description.
Listing the various characterisitics and advantages of Deferred Recoverability of taxes in Payables.
how to process taxes for transactions by giving an overview of Oracle E-Business Tax .
It also helps to do how to alter to new features in the Collections Workbench.
AR customer-supplier netting to mention a few.
Bills Receivable.
Trade accounting.
Replacing the 11i concept of Set of Books by describing Accounting Setup where the ledger is placed.
Set up and define the new bank model.

What is the difference between ORACLE R12 financials and ORACLE Fusion Financials?

Oracle R12 Financials and Oracle Fusion Financials are two different versions of Oracle's financial management solutions. Here are the key differences between Oracle R12 Financials and Oracle Fusion Financials:

1. Architecture: Oracle R12 Financials is based on the Oracle E-Business Suite (EBS) platform, which is an on-premises solution. It follows a monolithic architecture where different modules are tightly integrated. On the other hand, Oracle Fusion Financials is part of the Oracle Fusion Applications, a cloud-based suite of enterprise applications. Fusion Financials follows a service-oriented architecture (SOA), enabling modular deployment and integration.

2. User Interface: Oracle R12 Financials has a user interface that is characteristic of traditional Oracle Forms-based applications. It provides a more familiar, but sometimes considered less intuitive, interface for users. Oracle Fusion Financials, in contrast, offers a modern and intuitive user interface with enhanced user experience and advanced features. It incorporates a role-based and task-oriented approach to improve user productivity.

3. Data Model: Oracle Fusion Financials adopts a unified data model that provides a standardized and consistent representation of data across the application suite. It enables easier integration with other modules and applications. Oracle R12 Financials, on the other hand, follows a separate data model for each module, which may require additional effort for data integration and synchronization.

4. Functional Features: Both Oracle R12 Financials and Oracle Fusion Financials cover similar financial management functionalities, such as General Ledger, Accounts Payable, Accounts Receivable, Cash Management, and Asset Management. However, Oracle Fusion Financials introduces some new features and improvements compared to R12. These include enhanced reporting and analytics capabilities, improved financial controls and compliance features, and embedded business intelligence.

5. Deployment Model: Oracle R12 Financials is primarily designed for on-premises deployment, where organizations manage the infrastructure, installation, upgrades, and maintenance of the software. On the other hand, Oracle Fusion Financials is a cloud-based solution offered as Software-as-a-Service (SaaS). It is hosted and managed by Oracle, providing benefits such as reduced IT infrastructure requirements, automatic updates, and scalability.

6. Customization and Extensions: Oracle R12 Financials provides extensive customization capabilities, allowing organizations to tailor the application to their specific requirements. However, customizations may increase the complexity of upgrades and maintenance. Oracle Fusion Financials promotes a more declarative approach to customization and extensions, emphasizing configuration over code changes. It offers greater flexibility and ease of upgrade while minimizing the impact on future enhancements.

It's important to note that Oracle Fusion Financials is the strategic direction for Oracle's financial management solutions, while Oracle R12 Financials continues to be widely used by organizations that have made significant investments in the E-Business Suite platform. The choice between Oracle R12 Financials and Oracle Fusion Financials depends on factors such as business needs, existing infrastructure, budget, and preference for on-premises or cloud-based solutions.

Question 1: What is Oracle Apps Financials, and why is it important in the world of finance and accounting?

Answer 1: Oracle Apps Financials is a module of Oracle E-Business Suite that focuses on automating and streamlining financial and accounting processes within organizations. It is essential in the world of finance and accounting because it helps businesses manage their financial data, transactions, and reporting more efficiently. It enables finance professionals to maintain accurate financial records, adhere to regulatory compliance, and make informed financial decisions.

Question 2: Is Oracle Apps Financials training suitable for beginners with no prior experience in financial software?

Answer 2: Yes, Oracle Apps Financials training at BESTWAY Technologies is designed to accommodate learners with varying levels of experience, including beginners. Introductory courses typically start with foundational financial concepts and gradually introduce more advanced Financials topics.

Question 3: What are the core topics covered in Oracle Apps Financials training at BESTWAY Technologies?

Answer 3: Oracle Apps Financials training covers a wide range of topics, including general ledger management, accounts payable, accounts receivable, fixed assets, cash management, and financial reporting. The specific topics may vary based on the course curriculum.

Question 4: How long does it typically take to complete Oracle Apps Financials training at BESTWAY Technologies?

Answer 4: The duration of Oracle Apps Financials training can vary depending on the specific course and the depth of coverage. BESTWAY Technologies offers flexible training options, including short-term courses and more comprehensive programs, with varying durations.

Question 5: Are there any prerequisites for enrolling in Oracle Apps Financials training?

Answer 5: Prerequisites for Oracle Apps Financials training may vary depending on the specific course. While prior knowledge of financial concepts can be beneficial, introductory courses often assume no prior experience and start with the basics.

Question 6: Does Oracle EBS Financials training at BESTWAY Technologies include certification preparation?

Answer 6: Certification is typically a separate process from training, but BESTWAY Technologies may offer guidance on Oracle EBS Financials certification exams and provide preparation materials to help students prepare for relevant certifications.

Question 7: Are there hands-on exercises and labs in Oracle EBS Financials training?

Answer 7: Yes, hands-on practice is an integral part of Oracle EBS Financials training at BESTWAY Technologies. 

Question 8: What career opportunities can I pursue after completing Oracle EBS Financials training?

Answer 8: After completing Oracle EBS Financials training, you can pursue various career opportunities in finance and accounting, including roles such as Financial Analyst, Finance Manager, Accounts Payable/Receivable Specialist, and Financial Consultant, in industries such as finance, healthcare, and manufacturing.

Question 9: Can I access training materials and resources after completing the course at BESTWAY Technologies?

Answer 9: BESTWAY Technologies often provides access to course materials and resources for a specified period after course completion, allowing you to review and reinforce your learning.

Question 10: Is job placement assistance offered after completing Oracle EBS Financials training at BESTWAY Technologies?

Answer 10: BESTWAY Technologies may offer job placement assistance or career support services, such as resume building and interview preparation, to help students transition into Oracle EBS Financials-related roles. It's advisable to inquire about these services when enrolling in a training program.

Course Curriculum

1. 1. Overview of Oracle E-Business Suite (EBS) R12 Financials Modules

   • Understanding Oracle EBS R12 Financials and its various modules.
   • Overview of financial management processes and how they are supported by Oracle EBS.

   2. Oracle General Ledger (GL)

   • General Ledger Setup and Configuration:
     • Steps to configure the General Ledger.
   • Chart of Accounts Setup and Management:
     • Setting up and managing the Chart of Accounts.
   • Journal Entry Processing and Period Close Activities:
     • Handling journal entries and managing period close activities.
   • Financial Reporting and Account Reconciliation:
     • Generating financial reports and reconciling accounts.

   3. Oracle Accounts Payables (AP)

   • Supplier Setup and Management:
     • Creating and managing supplier records.
   • Invoice Processing and Payment Processing:
     • Steps for processing invoices and managing payments.
   • Expense Reports and Employee Reimbursements:
     • Handling employee expense reports and reimbursements.
   • Supplier Payments and Cash Disbursements:
     • Managing payments to suppliers and cash disbursements.

   4. Oracle Accounts Receivables (AR)

   • Customer Setup and Management:
     • Creating and managing customer profiles.
   • Invoice Generation and Revenue Recognition:
     • Process for generating invoices and recognizing revenue.
   • Receipt Processing and Cash Application:
     • Handling receipt processing and applying cash to invoices.
   • Collections and Credit Management:
     • Managing collections and customer credit.

   5. Oracle Cash Management (CM)

   • Bank Account Setup and Management:
     • Setting up and managing bank accounts.
   • Bank Statement Import and Reconciliation:
     • Importing bank statements and performing reconciliations.
   • Cash Forecasting and Liquidity Management:
     • Forecasting cash flows and managing liquidity.
   • Bank Transfers and Cash Positioning:
     • Managing bank transfers and positioning cash.

   6. Oracle Fixed Assets (FA)

   • Asset Setup and Depreciation Methods:
     • Setting up assets and selecting depreciation methods.
   • Asset Acquisition, Transfers, and Retirements:
     • Managing asset acquisition, transfers, and retirements.
   • Depreciation Processing and Reporting:
     • Processing depreciation and generating reports.
   • Capitalization and Asset Disposal:
     • Handling asset capitalization and disposal.

   7. Oracle Financials for India (FI)

   • Localization Features and Statutory Requirements for India:
     • Understanding localization features and statutory requirements.
   • Tax Setup and Configuration:
     • Setting up taxes and configuring tax rules.
   • GST (Goods and Services Tax) Compliance:
     • Managing GST compliance in Oracle Financials.
   • Reporting and Compliance for Indian Organizations:
     • Handling reporting and compliance requirements for Indian entities.

   8. Oracle E-Business Tax (ZX)

   • Setup and Configuration of Tax Rules and Tax Types:
     • Steps for setting up tax rules and tax types.
   • Tax Determination and Calculation:
     • Understanding tax determination and calculation processes.
   • Tax Reporting and Compliance:
     • Managing tax reporting and compliance requirements.

   9. Oracle Subledger Accounting (SLA)

   • Setup and Configuration of Subledger Accounting Rules:
     • Configuring subledger accounting rules.
   • Generating Accounting Entries from Subledgers:
     • Steps to generate accounting entries from subledgers.
   • Integration with General Ledger and Financial Reporting:
     • Integrating subledgers with General Ledger for financial reporting.

   10. Financial Reporting and Analysis - Oracle Financial Statement Generator (FSG): - Using FSG to generate financial statements. - Financial Reporting Using Oracle Reports and XML Publisher: - Creating financial reports with Oracle Reports and XML Publisher. - Ad-hoc Reporting Using Oracle Discoverer: - Generating ad-hoc financial reports with Oracle Discoverer.

   11. Integration with Other Modules and Systems - Integration Points with Other Oracle EBS Modules (e.g., Procurement, Order Management): - Understanding integration points between Financials and other EBS modules. - Integration with External Systems and Third-Party Applications: - Integrating Oracle Financials with external systems. - Data Migration Considerations and Techniques: - Best practices for data migration.

   12. Security and Access Controls - User Setup and Role-Based Security: - Setting up users and managing security roles. - Segregation of Duties (SoD) and Access Controls: - Implementing SoD and access controls in Oracle Financials. - Audit and Compliance Considerations: - Ensuring audit and compliance within Oracle Financials.

   13. Implementation Best Practices and Case Studies - Understanding Implementation Methodologies and Project Lifecycle: - Best practices for implementing Oracle Financials. - Real-World Case Studies and Best Practices for Oracle Apps R12 Financials Implementations: - Learning from case studies and implementation experiences. - Challenges and Considerations for Successful Financials Implementations: - Common challenges and solutions for successful implementations.

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ORACLE EBS Financials Rated 4.8 based on 4 reviews.

By: Rakesh Kumar Patra, Rating:
I am really feeling lucky that I got a Mr. Naresh teacher like you. The classes were too good and your teaching is really super. Once again thank you for everything.

By: Suguna, Rating:
Bestway Technologies Oracle EBS Financials training was excellent. The trainers were extremely skilled and experienced in their respective fields. The training curriculum was well-structured and thoroughly covered all necessary issues. The hands-on activities and real-world examples assisted me in gaining practical skills in the use of Oracle EBS Financials. The encouraging learning environment at the institute, as well as the superb training materials, contributed to an extremely worthwhile learning experience. I really suggest this programme to anyone interested in learning about Oracle EBS Financials.

By: Abhay, Rating:
Oracle EBS Financials has significantly improved our financial management practices. The automated features of the program have substantially reduced manual duties and enhanced accuracy. Oracle EBS Financials has not only increased our efficiency but has also assisted us in making educated decisions for long-term growth. I highly recommend this course.

By: Mohammad Rafi, Rating:
Oracle EBS Financials provides a unified and integrated system for accounts payable and receivable, general ledger, and cash management. The many functionality and excellent reporting capabilities of the software have substantially enhanced our financial management operations. The user-friendly interface and customisable dashboards make financial data easy to access and analyse. For organisations wishing to improve their financial operations, we strongly recommend Oracle EBS Financials.

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