R12 Oracle E-Business Tax Fundamentals
Oracle University provides a downloadable eKit containing the training materials for this course.What you will learn:
In this course, students learn about the new features of Oracle E-Business Tax. Additionally, students learn how to set up a tax model and apply that tax to a transaction using the Oracle Tax Simulator and other E-Business suite applications.
Students learn details of tax concepts, configuration components, and tax processing. Students learn how E-Business Tax features are used across E-Business Suite applications. This course gives implementers the information they need to assist them in deciding which features to implement.
Learn To:- Set up a tax configuration using the Regime to Rate flow
- Manage party tax profiles, configuration owners, and service providers
- Set up party, product, and transaction fiscal classifications and explain how these classifications impact tax processing
- Set up and use tax rules
- Manage taxes on transactions and identify E-Business Tax reports
- Manage migrated tax data for students upgrading from Release 11i
| Schedule/Purchase | Training Formats | Price | Duration | Course Materials | Instruction Language |
|---|---|---|---|---|---|
| View Schedule | Instructor-Led Training | US$ 2,250 | 3 Days | English | English |
| View Schedule | Live Virtual Class | US$ 2,250 | 3 Days | English |
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Audience:
- Functional Implementer
- End Users
Prerequisites:
Required Prerequisites:
Suggested Prerequisites:
- Functional knowledge of Financials migration fundamentals
- R12 Oracle Financials New Features Fundamentals
Course Objectives:
- Understand tax handling on transactions
- Use the Oracle Tax Simulator to verify the tax configuration
- Describe E-Business Tax reports
- Understand E-Business Tax key concepts
- Describe how E-Business Tax integrates with other Oracle E-Business Applications
- Set up the basic tax configuration using the Regime to Rate flow
- Understand the use and content of party tax profiles
- Set up tax exemptions
- Understand configuration owners
- Understand E-Business Tax and third-party tax service providers
- Understand how Release 11i tax data migrates to E-Business Tax
- Understand the use of fiscal classifications in tax rules
- Describe how the E-Business Tax rules engine calculates taxes on transactions
- Set up tax rules using the Guided Rule Entry and Expert Rule Entry
- Translate tax regulations into a set of tax rules for tax determination
- Understand tax recovery processing
Course Topics:
Oracle E-Business Tax Overview
- E-Business Tax key concepts
- Tax Determination Management
- Integration within Oracle E-Business Suite
Part 1: Oracle E-Business Tax Basic Tax Configuration
- E-Business Tax configuration flow
- Regime to Rate flow
- Tax Regimes
- Taxes
- Tax Statuses
- Tax Rates
- Tax Jurisdictions
Part 2: Oracle E-Business Tax Basic Tax Configuration
- Additional setup options
- Tax Zones
- Tax Accounts
- Tax Reporting types
Managing Party Tax Profiles
- Party Tax Profiles
- Self-Assessment taxes
- Offset taxes
- Tax Exemptions
- Tax Registrations
Configuration Owners and Service Providers
- Tax configuration ownership
- Configuration options
- Service Subscriptions
- Event Classes
Fiscal Classifications
- Fiscal classifications: party, product, and transaction
- Product Tax Exceptions
Part 1: Setting Up Tax Rules
- Rule Engine
- Rule Types
- Tax Rule defaults
- Guided Tax Rule Entry
- Make tax available on transactions
- Oracle Tax Simulator
Part 2: Setting Up Tax Rules
- Determining factors: party, product, place, and process
- Tax Determining Factor Set
- Regime Determination Set
- Tax Formulas
- Tax Condition Sets
Part 3: Setting Up Tax Rules
- Rules setup example
- Expert Tax Rule Entry
Tax Recovery
- Tax Recovery Rates
- Recovery Rate tax rule
- Tax Recovery processing
Managing Taxes on Transactions
- Services
- Payables transactions
- Receivables transactions
- Intercompany transactions
- Managing tax lines
- Managing tax exemptions
Tax Reporting Ledger
- Tax Reporting Ledger
- XML Publisher
- E-Business Tax reports
- EMEA VAT reports
- Latin American tax reports
- Asia/Pacific tax reports
Appendix A: Managing Migrated Tax Data
- Tax definition upgrade flow
- Tax code migration
- Data ownership
- Operating Unit tax profiles
- Tax Classification codes
- Application tax options
- Direct Tax Rate Determination rule
- Tax configuration migration path