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In my previous article Goal Library in Oracle Fusion Talent Management, I outlined the steps involved in creating goals in a goal library. I also outlined the steps involved in creating a goal plan and adding it to a Team in another article Goal Plan in Oracle Fusion Talent Management.
In this article let me explain how to manage the Organization Goals, Direct Reports Goals and Workers’ Own Goal in Oracle Fusion Talent Management.
Consider the example of ABC Corporation that would like to start a new Performance Evaluation Period. As a manager and organization owner, you need to set goals for your organization. Let’s do the following tasks to learn about Goal Management.
Add, Assign and Publish a goal for your organization
Step 1 - Add goal for your organization
1. In the Global Area Navigator menu, under Career, Click Goals to open the Goal Management work area.
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Getting Started in Oracle Fusion Applications
Overview of Oracle Fusion Functional Setup Manager
Overview of the Functional Setup Manager
Browsing and Configuring Offerings
Defining Enterprise Structures
Configuring Enterprise Structures Overview
Defining Legal Jurisdictions and Authorities
Managing Legal Entities
Managing Legal Reporting Units
Managing Business Units
Value Set Creation
Overview of File Based Data Import (FBDI)
Define and Publish Account Hierarchies
Accounting Configuration Prerequisites
Defining Chart of Accounts
Managing Currencies Overview
Defining Currencies Overview
Define Primary Ledger
Define Secondary Ledgers
Define Ledger Sets
General Ledger Options
Data Access Set Security
Segment Value Security
Period Close Components
Journal Import Verification Process
Foreign Currency Translation
Create Manual Journal
Create Journals using Spreadsheet
Relevant Setup Tasks
Configuring Accounting Transformation
Register Source System Applications Overview
Register Source Systems
Using Accounting Events Interfaces
Managing Accounting Rules
Insert transaction data into transaction objects table
Create Accounting and resolve issues
Integration with Oracle E-Business Suite
Integration with Oracle PeopleSoft
Budgeting within the Oracle Fusion Accounting Hub
Budget Scenario Dimensions
Loading Budget Data using Smart View
Financial Reporting and Analysis
Multi-Dimensional Analysis on Live Data
Creating Allocations Rule Sets and Components
Journal Allocations Requirements
Step Down Allocation Example
Journal Allocations Concepts
Journal Allocations - Best Practices
Close GL period
This is a 4 Days course over the weekends
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Overview of Business Process Management (BPM) and the Oracle BPM product. You'll develop deeper knowledge of BPM and Oracle BPM and possibly evaluate the product for use in your organization.You'll also explore Business Process Management and the phases in a typical BPM life cycle. This Course presents the Oracle BPM Suite of products, explaining how each supports every part of the BPM life cycle. You'll then see how Business Analysts can use Oracle Business Process Composer or Oracle BPM Studio to model a process and make sure it's optimized. You'll get a glimpse of how end users interact with running processes and will see how data from a running process can be monitored through dashboards in Business Process Workspace.
What Is a Business Process?
Business Process Management (BPM)
The BPM Life Cycle
Oracle BPM Suite 11g: Goals
Oracle SOA Suite
Oracle BPM: Layered over SOA Suite
BPMN vs. BPEL
Oracle BPM Tools
Oracle BPA Suite vs. Oracle BPM Studio
Oracle BPM Use Cases (Sample Workflows)
Oracle Studio Project Organization
Mapping BPM Roles to LDAP Users
Holiday and Calendar Rules
Modeling with Business Process Composer
Modeling with BPM Studio
What Is Implementation?
What Are User Tasks, and How Are They Implemented?
Introdution to task forms
What Are Service Tasks, and How Are They Implemented?
Activities in BPM
Enhancing the business process
More Start & End Events
BPMN Process as a Service
Types of deployment
Debugging and logs
How End Users Participate in a Business Process
Using Oracle Business Process Workspace
Oracle BPM Workspace
WorkSpace – Task Panel
Workspace – Process Panel
WorkSpace – Standard Dashboard
Workspace – Administrative Tasks
Workspace – Administrative Functions
Process Metrics and Measurements
Process Analytics Architecture Overview
Measurement marks and counter marks
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This article is in continuation to Part 1 on Consolidation where we learnt basics and we also understood different types of Consolidation methods. In part-2 we will learn about the concept of Elimination entries in Consolidation. Then we will go through Financial Management Consolidation method.
While consolidating, we are required to eliminate the intercompany entries in order to get the correct picture of financials in the form of Balance Sheet as prescribed by the statute of the particular jurisdiction of a particular company/organization.
Let us understand the concept of Elimination entries in detail.
What is Intercompany Elimination?
Intercompany elimination refers to the process for removal of transactions between companies included in a group in the preparation of consolidated accounts. The process of intercompany elimination is helpful in managing eliminations of operations among companies within a single group. Besides, intercompany eliminations encourage and establish controls in multifaceted corporate environments and helps in giving the right picture of financial health of the organisation.
Types of intercompany eliminations
Generally, elimination entries are made for removing the effects of intercompany transactions. There are, basically, three types of intercompany eliminations as follows:
1- Elimination of intercompany stock ownership-
This type of intercompany elimination transaction eliminates the assets as well as the stockholders’ equity accounts for the ownership of subsidiaries by the parent company.
2- Elimination of intercompany debt-
This type of elimination entry is performed when the parent company makes a loan to the subsidiary and the parent company and the subsidiary possess a note receivable and a note payable respectively. In the event of consolidation or amalgamation of two companies, the loan is merely a transfer of cash, and thus the note receivable as well as the note payable is eliminated.
3- Elimination of intercompany revenue and expenses-
The elimination of intercompany revenue and expenses is the third type of intercompany elimination. These intercompany revenues and expenses are eliminated as they are merely transfers of assets from one associated company to another. Moreover, it also does not have any effect on consolidated net assets. Some good examples of intercompany revenue and sales elimination can be indicated by sales to associated companies, interest expense or revenue on loans to or from associated companies, cost of goods sold as an outcome of sales to associated companies, and similar more.
Intercompany elimination entries, therefore, occur in the event of a merger, or when one company absorbs another company. During these processes, it is highly essential to clean up and consolidate the financial accounts and relationships between the two for the sake of legality as well as efficiency.