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Fusion Financial Applications (General Ledger)


September 2010 Presenter: Kamleshwar Chopra

Fusion Applications How it all started?


After the acquisition of PeopleSoft and its sister firm JD Edwards in Dec 2004, Oracle announced that a new product, Fusion, is to be released in the near future. Oracle said Fusion will take the best aspects of the PeopleSoft, JD Edwards and Oracle Applications and merge them into a new product suite.
Year 2005 Year 2006 Year 2007/08 2009 onwards Understanding the features and finalize the base software Get the platforms ready for development. Finalize the team and start on the Functional designs plus some development. Training on the new Tech-stack. Development. Testing rounds.

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What Fusion Applications is all about?


Fusion is Oracles next generation business applications. Oracle Fusion Applications are 100% open-standards-based business applications that set a new standard for the way we innovate, work, and adopt technology. As per the Oracle CEO (Larry Ellison) - Fusion Applications is the largest engineering project in Oracles history.

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Fusion Next Generation Platform

Oracle Forms / OAF Pages Pro*C and RDF based reports Backend Engines written in Pro*C

ADF Pages BI Publisher, Hyperion or OBIEE Pro*C

PLSQL Code
Oracle Workflow

PLSQL Code
SOA (ESB, BPEL, Adapters)

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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New Layouts/UIs
The UIs also called Pages have consistent layout throughout the Fusion Application and they all are based upon the common framework called - Application Development Framework (ADF).
Global Region
Task Region Contextual
Global Region always present and consistent

Local Region Transactional entry like Journal Entry.


Task Region Typical tasks that you would perform Contextual Region Relates to data in Local region if configured

Local Region

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Note: Wire Frame based Sample

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule. Hyperion Integration

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Embedded Analytics
Embedded analytics provides the key pieces of information that every role needs in order to best complete or manage a business process, and delivers that information directly to transactional applications.
For example, in the context of creating and posting a journal, users should be provided with information on how posting impacts the total account balance. Error messages should be enhanced to allow users to quickly identify and correct errors in the journals. If a journal encounters errors during posting, the user will be presented with a pop-up error message informing him of the cause of the errors and suggested actions. The erroneous journal lines should also be highlighted to quickly spot the erroneous lines.

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Embedded Analytics - Example

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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Interactive Dashboard
The interactive dashboard helps to manage business execution across processes, roles, and organizations against corporate objectives and strategy. Users should be able to drill down further into the underlying detail transactions to investigate problem areas.
For example, a GL accountant using a dashboard may be presented with all journal batches that require attention, and he can drill down to the batches and journals to investigate the problems.

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Interactive Dashboard - Example

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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Key Flexfield Structure


Till R12 release:
Chart Of Accounts (COA) = Segments + Value Sets

In Fusion Key Flexfield is divided into two parts Shape portion and Validation portion.
Shape Portion called as Key Flexfield Structure = Defining Segments and Segment attributes Only. Validation Portion called as Chart of Accounts = KFS + Value Sets.

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Key Flexfield Structure Contd..


KFF Structure KFF Structure Instance / COA

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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Multiple Balancing Segments


Till R12 release: User can define only one balancing segment i.e. Primary Balancing Segment in the Accounting Flexfield. In Fusion: General Ledger is going to support upto three balancing segments i.e. Primary Balancing Segment Second Balancing Segment Third Balancing Segment

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Multiple Balancing Segments Contd..


Company (Segment1) Primary Balancing Department (Segment2) Second Balancing Account (Segment3) Product (Segment4) Sub Product (Segment5)

Suspense Account = 01-000-2990-0000


In R12 version:
Debit (USD) 02-000-1110-0000 02-100-1200-0000 02-000-2990-0000 100 100 200 Credit (USD)

In Fusion:
Debit (USD) 02-000-1110-000 02-100-1200-000 02-000-2990-000 02-100-2990-000 100 100 100 100 Credit (USD)

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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One-Step Posting
The post button will now implement one-step posting. When you press the post button, it will execute all necessary actions to post the batch. Once all of the necessary steps are done, it will then submit posting for the batch
For Example: 1. If the batch is incomplete, then it will complete and validate the batch. 2. If the batch needs funds reservation, then it will reserve funds. 3. If the batch needs approval, then it will submit it for approval.

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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Multi-Currency Journals
The ability to enter journals across currencies is very important for financial services industry. Multiple enteredcurrencies and multiple conversion rates can be specified at the journal line level. Users do not have to create multiple journals per currency; instead they can now group those journals into the same journal in GL. It also gives users more flexibility and speeds data entry.

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Multi-Currency Journals Contd..


Entered Currency Balancing
With the currency moving to the Journal Lines level there is an urge to balance the Multi-Currency Journals also in order to go inline with the Accounting principles. This gives rise to the new balancing concept called Entered Currency Balancing i.e. to balance the journals by Entered Currency. Entered Currency Account = 01-000-3310-0000
Currency 02-000-1110-000 02-000-1200-000 02-000-3310-000 02-000-3310-000 USD INR USD INR Entered Dr 100 100 100 100 Entered Cr

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Journals - Action Log


Action Log displays action history for the various actions performed on batches like Created, Updated, Sent For Approval, Approved, Unapproved, Rejected, Funds Reserved, Fund Unreserved, and Posted etc..

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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Threshold Limit and Journal Balancing


There will be a new field at the Ledger Definition level to set the Threshold Limit. It is the % of difference between the Total Accounted Dr and Total Accounted Cr that the system will take into account while considering the Journal as Balanced or Unbalanced. If the difference crosses the Threshold Limit then only the Journal is Unbalanced else Balanced.
Debits Equals Credits Logic
IF Multi_Currency Journal then IF sum(abs(accounted_dr)) = sum(abs(accounted_dr)) THEN Journal is balanced ELSE IF Net difference of the Accounted_Dr and Accounted_Cr is under Threshold Limit THEN Journal is balanced ELSE Journal is un-balanced. ELSE IF Single_Currency THEN IF sum(entered_dr) = sum(entered_cr) THEN IF sum(abs(accounted_dr)) = sum(abs(accounted_dr)) THEN Journal is balanced ELSE IF Net difference of the Accounted_Dr and Accounted_Cr is under Threshold Limit THEN Journal is balanced ELSE Journal is un-balanced. ELSE Journal is un-balanced.

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Fusion - General Ledger


New information and features rich UIs. Embedded Analytics Interactive Dashboard New concept - Key Flexfield Structure Multiple Balancing Segments One-Step Posting Multi-Currency Journals & Action Log Threshold Limit and new Journal balancing rule Hyperion Integration

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GL Hyperion Integration
In Fusion General Ledger will provide a ready-to-use integration with the Hyperion to use it as a Financial Reporting Solution. The entire Hyperion Financial Reporting solution for Fusion as the solution must adhere to a strict latency requirement of less than 5 minutes to update GL balances. These strict latency requirements mean that a user must be able to post a journal entry, and after 5 minutes run their report in Hyperion with the updated results.

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GL Hyperion Integration Contd..


The general approach in most of the cases (where applicable) will be to embed a program that will be generated automatically upon the appropriate trigger (i.e. GL Posting or other UIs like accounting setups or accounting calendar), as well as provide that same program that can be run on demand or scheduled.
For example: Each time posting is run and completed in GL, a separate GL balances transfer program will be launched (separate for each ledger) to dump the incremental / delta balances to the intermediate table from where Hyperion will read and update the balances.

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Miscellaneous
All the following functionalities will carry forward as it is to Fusion with a change that all the UIs will be now ADF based. Accounting Setup Manager Definition Access Set (DefAS) Data Access Set (DAS) All the Setup UIs

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FUSION= CONFUSION ?
Setting standards for the next generation Business Applications

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Thanks

Together. Free your energies www.capgemini.com

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