Question

You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.

Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?
a) Suppliers and Customers
b) Banks, Bank Accounts, and Branches
c) CoA, Calendar, and Ledger

Answer 1

In Oracle Financials Cloud, spreadsheets can be used via the Functional Setup Manager to load Suppliers and Customers, Banks, Bank Accounts, and Branches, as well as Chart of Accounts (CoA), Calendar, and Ledger, which are essential for ERP configuration.

Step-by-step explanation:

When implementing Oracle Financials Cloud and using spreadsheets to load various setup objects via the Functional Setup Manager, you can indeed use spreadsheets for several different types of data. Specifically, you can use spreadsheets to load the following three setup objects

• Suppliers and Customers: This category includes the information regarding the entities to whom you sell goods and services (customers) and from whom you purchase goods and services (suppliers).
• Banks, Bank Accounts, and Branches: This pertains to the financial institutions with which your company does business, including details of each bank account and branch associated with your organization.
• Chart of Accounts (CoA), Calendar, and Ledger: These are foundational financial structures within Financials Cloud. The CoA outlines the account structure, the Calendar defines the fiscal periods, and the Ledger holds the actual account balances and transactions.

Using spreadsheets to upload these setup objects can simplify and expedite the process of configuring the Oracle Financials Cloud environment as part of your enterprise resource planning (ERP) setup.