This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Update Version | Notes |
|---|---|---|
| 20 OCT 2017 | Update 17D | New features delivered in update 17D. |
| 01 SEP 2017 | Update 17C | New features delivered in update 17C. |
| 21 APR 2017 | Update 17B | New features delivered in update 17B. |
This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Feature | Notes |
|---|---|---|
| 20 OCT 2017 | Created initial document. |
This guide outlines the information you need to know about new or improved functionality in this update, and describes any tasks you might need to perform for the update. Each section includes a brief description of the feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you should keep in mind, and the resources available to help you.
GIVE US FEEDBACK
We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com.
Optional Uptake of New Features (Opt In)
We continue to add many new features to the Oracle Cloud Applications, and for some features, you can take advantage of new functionality at a pace that suits you by “opting in” to the feature when you’re ready. You can opt in to a feature in two ways: by using the New Features work area, or by using the Setup and Maintenance work area.
To opt in using the New Features work area:
- Click the Navigator, and then click New Features (under the My Enterprise heading).
- On the New Features page, select the offering that includes new features you’d like to review.
- Click Opt In for any feature that you want to opt in to.
- On the Edit Features page, select the Enable option for the feature, and then click Done.
To opt in using the Setup and Maintenance work area:
- Click the Navigator, and then click Setup and Maintenance.
- On the Setup page, select your offering, and then click Change Feature Opt In.
- On the Opt In page, click the Edit Features icon.
- On the Edit Features page, select the Enable option for any feature you want to opt in to. If the Enable column includes an Edit icon instead of a check box, then click the icon, select your feature options, and click Save and Close.
- Click Done.
| Action Required to Enable Feature |
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|---|---|---|---|---|---|
| Feature |
None (Automatically Available) |
Enable via Opt In UI Only |
Enable via Opt In UI Plus Additional Steps |
Not Enabled via Opt In UI but Setup Required |
Issue Service Request |
 |
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Streamlined Navigation to Configure Accounting Rules
You can now configure accounting rules with a streamlined navigation across rule components.
- Start by selecting the Configure Accounting Rules task from the Setup and Maintenance work area.
- Then, highlight the subledger application that you use to configure accounting rules.
- On the new Configure Accounting Rules user interface, simply navigate across the rule components that you would like to create or edit.
Configure Accounting Rules
Steps to Enable
No steps are required to enable this feature.
Role Information
The Accounting Hub Administration role is required to access the Configure Accounting Rules task.
This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Feature | Notes |
|---|---|---|
| 01 SEP 2017 | Created initial document. |
This guide outlines the information you need to know about new or improved functionality in this update, and describes any tasks you might need to perform for the update. Each section includes a brief description of the feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you should keep in mind, and the resources available to help you.
GIVE US FEEDBACK
We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com.
Optional Uptake of New Features (Opt In)
We continue to add many new features to Oracle Cloud Applications and we now give you the option to take advantage of new functionality at a pace that suits you. The ‘New Features UI’ is available to you from your cloud homepage, where you can make your choices and do any configuration necessary.
| Action Required to Enable Feature |
||||
|---|---|---|---|---|
| Feature |
Automatically Available |
End User Action Required |
Administrator Action Required |
Oracle Service Request Required |
|
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Add Sources for Accounting Hub
You can now add new attributes from the user interface after the initial upload of the source system configuration via the spreadsheet mechanism. This makes it easier for you to maintain the transaction data in the Accounting Hub as your accounting or reporting requirements change over time. Based on the nature of the attribute, choose the corresponding data type:
| Source Value | Data Type |
|---|---|
| Alphanumeric and less than 100 characters | Alphanumeric |
| Alphanumeric and between 100 and 1000 characters | Long |
| Numeric | Number |
| Date | Date |
The following screen capture illustrates the feature and its benefits.
Add New Sources From the Manage Sources User Interface
Steps to Enable
No steps are required to enable this feature.
Tips And Considerations
- When adding reporting transaction sources that track balances, these balances are maintained from the time the attributes are first used and accounted in Accounting Hub.
- Download the latest transaction template after adding new sources from the user interface.
Key Resources
- Managing Accounting Sources: Critical Choices (Oracle Financials Cloud Implementing Accounting Hub)
This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Feature | Notes |
|---|---|---|
| 21 APR 2017 | Created initial document. |
This guide outlines the information you need to know about new or improved functionality in this update, and describes any tasks you might need to perform for the update. Each section includes a brief description of the feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you should keep in mind, and the resources available to help you.
GIVE US FEEDBACK
We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com.
Optional Uptake of New Features (Opt In)
We continue to add many new features to Oracle Cloud Applications and we now give you the option to take advantage of new functionality at a pace that suits you. The ‘New Features UI’ is available to you from your cloud homepage, where you can make your choices and do any configuration necessary.
| Action Required to Enable Feature |
||||
|---|---|---|---|---|
| Feature |
Automatically Available |
End User Action Required |
Administrator Action Required |
Oracle Service Request Required |
|
||||
|
||||
|
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The Oracle Accounting Hub Cloud integrates and aligns information from virtually any source system into Oracle Financial Cloud Services. It gives customers the freedom and flexibility to choose the tools they use to run their business as they start their transition to cloud-based computing. This new capability provides a smooth transition to cloud computing for our Oracle Financials Cloud customers, because they can continue their financial operations on existing systems without disruption while centralizing critical information for management decisions, audit and compliance to a central cloud service for easy access across the globe. The core capability of Accounting Hub, our robust accounting engine, delivers flexible modeling that captures rich elements from our customers’ existing business systems. This would significantly offload the burden on external financial reporting processes to deliver business performance insights.
Steps to Enable
No steps are required to enable this feature.
Key Resources
- Oracle Accounting Hub Cloud Accounting Hub Best Practices
- Oracle Financials Cloud Implementing Accounting Hub
- SOAP Web Services for Oracle Financials Cloud
We have simplified the Accounting Hub source system registration with a rapid implementation approach.
- Plan and model the subledger:
- Visualize the journal entries that are expected to be accounted.
- Analyze the accounting and reporting transaction attributes in the source system.
- Preview how accounting rules are configured in Accounting Hub and mapped into your accounting and reporting requirements.
- Model the source system to meet your business requirement in Accounting Hub.
- Register the source system into Accounting Hub:
- Configure accounting rules that meet your accounting requirements.
- Capture journals with rich business facts for extended analysis of financials information using supporting references.
The following screenshot illustrates the simplified source system registration using the spreadsheet template:
Spreadsheet Template to Register a Source System
Steps to Enable
No steps are required to enable this feature.
Tips And Considerations
- Plan and model the Accounting Hub Cloud subledger that meets your business requirement.
- Consolidate source system transactions for ease of maintenance and reporting, or
- Maintain an equal number of source systems in the Accounting Hub to have a separate control on each source system.
Key Resources
- Oracle Accounting Hub Cloud Accounting Hub Best Practices
- Oracle Financials Cloud Implementing Accounting Hub
- SOAP Web Services for Oracle Financials Cloud
You can upload transaction data for the registered Accounting Hub Cloud subledger in .csv format. Optionally, you can automate the processes from uploading to accounting journal entries creation.
The following screen shot illustrates an example of a transaction data upload in .csv format:
Transaction Data Upload in .csv Format
Steps to Enable
No steps are required to enable this feature.
Tips And Considerations
When uploading transaction data:
- You must have already configured accounting rules in the Accounting Hub before uploading transaction data.
- You can automate the processes from uploading the transaction data into the Universal Content Management to creating accounting and posting the entries using the Oracle Web Services.
Key Resources
- Oracle Accounting Hub Cloud Accounting Hub Best Practices
- Oracle Financials Cloud Implementing Accounting Hub
- SOAP Web Services for Oracle Financials Cloud
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