Preface

Oracle E-Business Suite 12 Financials is a solution that provides out-of-the-box features to meet global financial reporting and tax requirements with one accounting, tax, banking, and payments model, and makes it easy to operate shared services across businesses and regions. You may have read what EBS Financials does, but with this book on your work desk you will see how to do it.

There are many ways of configuring and using E-Business Suite 12 Financials. This cookbook demonstrates how to use E-Business Suite 12 Financials in a way that will enable you to understand the core functionalities of the main Financials modules. Each recipe is presented as a scenario-based topic that details typical business scenarios.

You will start by creating Items in Inventory, and then purchase Items in Procurement. Supplier invoices are entered and paid in Payables and Assets created and managed.

Items are sold and shipped to customers in Order Management, and funds received from customers in Receivables. Cash is managed and transactions transferred to the General Ledger through the Subledger Accounting with the corresponding tax calculations. The periods are then closed in the final chapter. Let's look at each chapter in brief summaries.