Course Overview:
This 5-day training course offered at IRES is designed to provide participants with an in-depth understanding of Oracle Financials, an integrated suite of financial management applications used by organizations worldwide to streamline their financial processes. Participants will learn how to leverage Oracle Financials for managing accounting, procurement, payables, receivables, and financial reporting. The course focuses on hands-on experience and practical applications, enabling participants to effectively utilize Oracle Financials to optimize financial operations, ensure compliance, and improve decision-making.
Course Duration:
5 Days
Target Audience:
- Financial managers and accountants
- ERP system administrators
- Oracle Financials users (beginner to intermediate level)
- Project managers involved in financial management
- Individuals interested in learning about Oracle Financials for business optimization
Personal Impact:
- Gain proficiency in using Oracle Financials for managing day-to-day financial operations.
- Understand how to configure and customize Oracle Financials to meet business needs.
- Enhance skills in generating financial reports and ensuring compliance with accounting standards.
Organizational Impact:
- Streamline financial operations and reduce manual processes.
- Improve financial reporting and compliance management.
- Optimize decision-making with real-time financial data from Oracle Financials.
Course Level:
Course Objectives:
By the end of this course, participants will be able to:
- Set up and configure Oracle Financials for an organization.
- Manage financial transactions, including accounts payable, accounts receivable, and general ledger.
- Generate and customize financial reports for decision-making.
- Utilize Oracle Financials for budget management, forecasting, and cash flow analysis.
- Understand the integration of Oracle Financials with other modules and systems.
Course Outline:
Module 1: Introduction to Oracle Financials
- Overview of Oracle Financials suite and modules
- Understanding the architecture and components of Oracle Financials
- Setting up user accounts and managing permissions
- Navigating Oracle Financials interface
- Practical Exercise: Creating a company and setting up a user profile in Oracle Financials
Module 2: General Ledger and Financial Management
- Setting up and managing the General Ledger (GL) module
- Recording journal entries and managing accounting periods
- Performing reconciliations and closing the financial period
- Case Study: Managing financial transactions and reporting in the General Ledger
Module 3: Accounts Payable (AP) and Accounts Receivable (AR)
- Setting up accounts payable and receivable in Oracle Financials
- Managing vendor invoices, payments, and credit memos
- Processing customer invoices, payments, and aging reports
- Practical Exercise: Processing transactions in AP and AR modules
Module 4: Procurement and Asset Management
- Overview of Oracle Procurement module and its integration with financials
- Managing purchase orders, receipts, and supplier invoices
- Asset management: Managing assets from purchase to disposal
- Case Study: Integrating procurement and financial data for seamless operations
Module 5: Reporting, Budgeting, and Forecasting
- Generating financial reports in Oracle Financials (Balance Sheet, Profit & Loss, etc.)
- Customizing and scheduling reports for various business needs
- Budget management and forecasting with Oracle Financials
- Real-life Project: Developing financial reports and budgets using Oracle Financials
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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