Oracle Finance 101
This automation in Oracle will allow transactions to flow through and notify individuals who are responsible for approvals, ensuring a timely and compliant approval chain
What is Workflow?
This module is responsible for all accounting, processing journal entries, and processing period / month / quarter / year-end close
What is the General Ledger (GL)?
This module is responsible for creating requisitions, maintaining suppliers, and processing purchase orders
What is Procurement?
What is the Oracle accounting structure?
What is the Chart of Accounts (COA)?
These rules are used to generate the accounts needed to balance journals that are out of balance by legal entity or primary balancing segment values (If Entity and Fund are consistent across all Journal lines this will not appear).
What are Intercompany Balancing Rules
There are this many Oracle updates in a year
What is 4?
This module is responsible for managing and processing invoices and payments
What is Accounts Payable (AP)?
This module is responsible for managing all projects, including grants, clinical research, capital projects, individual awards, and discretionary funds
What is Project Portfolio Management (PPM)?
Before submitting a procurement request, the requester must double-check their _____ is listed.
What is Supplier?
This prevents the creation of invalid combinations of Chart of Account segments.
Who is Cross Validation Rules?
This final phase of the implementation is when all data will be officially transfer from the legacy systems to Oracle in order to go live.
What is Cutover?
This process area is responsible for creating and maintaining sponsored awards, subawards, clinical research studies, and sponsors
What is Grants Management?
This module is responsible for intaking customer payments, managing bills, and processing refunds
What is Accounts Receivable (AR)?
This Actor Package will allow & require this person to approve all financial transactions for their assigned Org
What is an Org Financial Manager?
This Accounts Payables report provides the number of days that invoice payments are delayed, the outstanding amount due on an invoice, and number of outstanding invoice by supplier.
What is Invoice Aging Report?
This is made up of multiple applications including some of the following: the General Ledger, Accounts Payable, PPM, Accounts Receivables, Cash Management, Fixed Assets, Procurement, Internal Billing, ...
What is Enterprise Resource Planning
This module is responsible for tracking the acquisition, maintainence, retirement, and disposal of assets
What is Fixed Assets (FA)?
This process area is responsible for creating, tracking, and capitalizing projects involving construction or assets such as equipment.
What is Capital Projects (CP)?
Together, these six segments form the POETAF
What are Project Number, Organization, Expenditure, Task, Account, Fund?
The lowest level of a project used to organize project work into smaller, more easily manageable/reportable, units of works such as subawards and participant support.
What is Task?
There are this many segments of the Chart of Accounts
What are 3 Segments
This module processes charges between units/departments within a university/company/hospital
What is Internal Billing (IB)?
This module is responsible for managing bank setup and reconciliation, and processing non-AP payments
What is Cash Management?
This project type only uses the POET string (does not include AF)
What is Capital Projects?
This application ends the Period Close processes
What is the General Ledger?