Oracle Financials Cloud: Financials Overview

Duration : 5 Days (40 Hours)

Oracle Financials Cloud: Financials Overview Course Overview:

The Oracle Financials Cloud: Financials Overview certification confirms a professional’s grasp of Oracle Financials Cloud technology—a comprehensive finance industry solution encompassing financial management, reporting tools, and a suite of applications. Utilizing an integrated information architecture, Oracle Financials Cloud includes financial applications, analytics, and tools. This certification enables technology professionals to validate their expertise, emphasizing advanced collection, financial reporting, account monitoring, and related areas. Industries value this certification as a benchmark for identifying skilled individuals proficient in implementing and managing Oracle Financials Cloud.

Intended Audience:

  • Finance professionals seeking software expertise
  • IT professionals specializing in financial systems
  • Managers overseeing finance and accounting teams
  • Oracle application consultants
  • Professionals responsible for implementing Oracle Financials Cloud

Learning Objectives of Oracle Financials Cloud: Financials Overview:

You’ve provided a comprehensive description of the learning objectives for the Oracle Financials Cloud: Financials Overview course. Here’s a summarized version:

Upon completing the Oracle Financials Cloud: Financials Overview course, students will gain the following abilities:

  1. Utilize Oracle Financials Cloud: Understand and effectively use Oracle Financials Cloud to support essential financial business functions and processes.
  2. Process Flows and Integration: Comprehend the process flows, integration points, key features, and functionalities within the Oracle Financials Cloud application.
  3. Business Unit and Ledger Management: Acquire the skills to set up and manage different business units, ledgers, and reporting structures to ensure accurate financial tracking.
  4. Components of Financial Management: Gain insight into various components of financial management, including General Ledger, Accounts Payable, Accounts Receivable, and Fixed Assets.
  5. Improved Financial Operations: Apply the acquired knowledge to enhance financial operations efficiency and productivity using Oracle Financials Cloud.

Overall, the course equips students with a solid understanding of Oracle Financials Cloud’s capabilities and features, enabling them to navigate its various components, optimize financial processes, and contribute to improved financial management within their organizations.

 Module 1: Oracle Fusion Cloud: Financials Overview Introduction

  • Understanding Key features of Oracle Financials Cloud Applications
  • Explaining the Available Resources
  • Discussing Oracle Financials Cloud Applications
  • Understanding the Course Schedule

 Module 2: Introducing Oracle Fusion Navigation and the Functional Setup Manager

  • Exploring Dashboards
  • Examining Panels
  • Understanding the Financials User Experience
  • Describing Personalizations
  • Understanding the Functional Setup Manager for Ongoing Maintenance
  • Navigating Oracle Fusion Applications

 Module 3: Common Applications Configurations and the Vision Story

  • Explaining Reference Data Sets and Business Functions
  • Understanding the Service Provider Model
  • Explaining Business Unit Features
  • Describing Financial Reporting Structures
  • Discussing Ledgers
  • Understanding Legal Structures
  • Describing the Vision Corporation Story
  • Discussing Reference Data Sharing

 Module 4: Creating Journal Entries

  • Entering and Posting Journal Entries
  • Describing the Accounting Cycle
  • Understanding Infolets
  • Managing Journal Sources and Categories
  • Performing Inquires and Drill Down to Subledgers
  • Creating and Reversing Journal Entires

 Module 5: Performing Period Close

  • Managing Revaluations
  • Allocating Balances
  • Reconciling Balances
  • Running Translations
  • Discussing the Close Monitor
  • Importing Journal Entries
  • Opening and Close Periods

 Module 6: Using the Financial Reporting Center

  • Analyzing Data in Smart View
  • Viewing an Account Group and Use the Sunburst Visualization Tool
  • Understanding the GL Balances Cube
  • Creating Financial Reports Using the Financial Reporting Studio
  • Describing the Features of the Financial Reporting Center

 Module 7: Payables Overview and Suppliers

  • Explaining the Key Features of Payables
  • Discussing Supplier Sites
  • Creating a Supplier
  • Understanding the Supplier Model

 Module 8: Payables Invoicing

  • Understanding the Invoice Process
  • Describing the Invoice Types and Components
  • Explaining the Various Methods for Entering Invoices
  • Using the Invoice Work Area

 Module 9: Payables Payments

  • Explaining the Setup and Maintenance of Banks, Branches, and Bank Accounts
  • Understanding the Payment Process Flow
  • Describing and Perform a Payment Process Request
  • Describing the Key Concepts of Payments

 Module 10: Receivables Overview and Customers

  • Understanding Receivables Key Features
  • Discussing Customer Profile Classes
  • Creating a Customer
  • Describing the Customer Model

 Module 11: Managing Customer Billing

  • Describing How to Create and Process Transactions
  • Printing Receivables Transactions
  • Understanding the Recurring Billing Feature
  • Managing the AutoInvoice Process

 Module 12: Processing Customer Payments

  • Explaining Receipt Processing
  • Defining a Receipt Class
  • Applying Customer Payments

 Module 13: Cash Management Overview

  • Explaining Bank Statement Processing and Reconciliation
  • Describing the Integration of Cash Management with Oracle Cloud Applications
  • Performing Automatic Reconciliation

 Module 14: Subledger Accounting Overview: Create Accounting

  • Describing Subledger Accounting
  • Submitting the Create Accounting Process

 Module 15: Appendix A: Managing Intercompany Transactions

  • Running Intercompany Reconciliation
  • Creating Intercompany Transactions from Allocations
  • Creating Intercompany Transactions Using a Spreadsheet
  • Creating Intercompany Transactions from the User Interface

 Module 16: Appendix B: Assets

  • Understanding Asset Depreciation
  • Describing Asset Books
  • Explaining Asset Additions

Oracle Financials Cloud: Financials Overview Course Prerequisites:

• Prior understanding of Oracle Financials Cloud and its applications
• Basic knowledge of common financials concepts
• Familiarity with Oracle Fusion applications
• Working/experiential knowledge on implementing Oracle Financials Cloud solutions
• Understanding of navigation and functionalities of Oracle Cloud Applications.
• Techno-functional proficiency.

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  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
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  • Familiar environment
  • Confidentiality
  • Team building
  • Immediate application

Training Exclusives

This course comes with following benefits:

  • Practice Labs.
  • Get Trained by Certified Trainers.
  • Access to the recordings of your class sessions for 90 days.
  • Digital courseware
  • Experience 24*7 learner support.

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