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R12.2 Oracle E-Business Tax Fundamentals

  • Tuition USD $3,600
  • Reviews star_rate star_rate star_rate star_rate star_half 3223 Ratings
  • Course Code D87495GC20
  • Duration 3 days
  • Available Formats Classroom

This R12.2 Oracle E-Business Tax Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1. You'll learn about the new features of Oracle E-Business Tax, while setting up a tax model and applying that tax to a transaction using the Oracle Tax Simulator and other E-Business suite applications.

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.

Benefits to You

By taking this course, you'll get a chance to explore details of tax concepts, configuration components, and tax processing. You'll become deeply familiar how E-Business Tax features are used across E-Business Suite applications. If you're an implementer, you'll get the information you need to help you decide which features to implement.

Skills Gained

  • Use the Oracle Tax Simulator to verify the tax configuration
  • Describe E-Business Tax reports
  • Describe how E-Business Tax integrates with other Oracle E-Business Applications
  • Describe how the E-Business Tax rules engine calculates taxes on transactions
  • Set up tax exemptions
  • Set up tax rules using the Guided Rule Entry and Expert Rule Entry
  • Set up the basic tax configuration using the Regime to Rate flow
  • Translate tax regulations into a set of tax rules for tax determination
  • Understand E-Business Tax and third-party tax service providers
  • Understand E-Business Tax key concepts
  • Understand configuration owners
  • Understand how Release 11i tax data migrates to E-Business Tax
  • Understand tax handling on transactions
  • Understand tax recovery processing
  • Understand the use and content of party tax profiles
  • Understand the use of fiscal classifications in tax rules

Course Details

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 Architecture
  • E-Business Tax Configuration Flow
  • Tax Users
  • Taxes
  • Legal Entity
  • Lookup Codes
  • Regime-to-Rate Flow for US Sales Tax
  • Regime-to-Rate Flow for UK VAT

Part 1: Setting Up Tax Rules

  • Rule Engine
  • Tax Rule Defaults
  • Tax Accounts
  • Make Tax Available on Transactions
  • Oracle Tax Simulator
  • Oracle Tax Simulator
  • Tax Rules Entry

Part 2: Setting Up Tax Rules

  • E-Business Tax Architecture
  • E-Business Tax Homepage
  • Determining Factor
  • Tax Determining Factor
  • Tax Registrations
  • Tax Determination Set Setup for Tax Rules
  • Regime Determination Set Setup
  • Tax Formula Setup

Configuration Owners and Event Class Settings

  • E-Business Tax Home Page – Configuration Owner Options
  • Tax Configuration Ownership
  • Configuration for Taxes and Rules
  • Configuration for Product Exceptions
  • Legal Entity and Operating Unit Configuration Options
  • Configuration Options Setup
  • Event Classes
  • Configuration Owner Tax Options

Managing Party Tax Profiles

  • E-Business Tax Home Page – Party Tax Profiles
  • Party Tax Profile
  • First Party Legal Entity Tax Profile
  • First Party Legal Establishment Tax Profile
  • Operating Unit Tax Profile
  • Tax Authority Tax Profile
  • Tax Registrations
  • Importing Customer Tax Information

Fiscal Classifications

  • E-Business Tax Architecture
  • E-Business Tax Home Page – Fiscal Classifications
  • Party Fiscal Classifications
  • Guided Tax Rule Entry
  • Legal Party Fiscal Classifications
  • Product Fiscal Classifications
  • Tax Exemptions
  • Product Tax Exceptions

Tax Recovery

  • E-Business Tax Architecture
  • E-Business Tax Homepage – Tax Recovery
  • Value Added Tax Overview
  • Regime-to-Rate Flow with UK VAT
  • Tax Recovery Rates
  • Rule Engine – Recovery Rate
  • Tax Recovery Processing

Part 2: Oracle E-Business Tax Basic Tax Configuration

  • E-Business Tax Architecture
  • E-Business Tax Home Page – External Dependencies Tax Configuration
  • Basic Tax Configuration – Additional Setup Options
  • TCA Geography Hierarchy
  • Tax Zone Setup

Managing Taxes on Transactions

  • E-Business Tax Architecture
  • Payables Transactions
  • Receivables Transactions
  • Receivables Transactions – Debit and Credit Memos
  • Intercompany Transactions
  • Managing Detail Tax Lines
  • Managing Summary Tax Lines
  • Managing Tax Distributions

Self-Assessment and Offset Taxes

  • Self-Assessment Setup
  • Offset Taxes

Example: Determining Tax Rule Components Based on Tax Regulations

  • E-Business Tax Homepage – Tax Rules
  • Rules in Detail Example UK Rules Setup (Intra EU Sales)
  • UK Rules Setup - Intra EU Sales
  • Rules in Detail Example Summary UK Rules Setup (Intra EU Sales)
  • Tax Rules – Expert Rule Entry
  • Tax Reporting Types

Tax Reporting Ledger

  • E-Business Tax Home Page – Requests
  • Tax Reporting
  • Tax Reporting Ledger
  • XML Publisher
  • E-Business Tax Reports
  • EMEA VAT Reports
  • Latin American Tax Reports
  • Asia/Pacific Tax Reports

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.

Does the course schedule include a Lunchbreak?

Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

What does GTR stand for?

GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.

Does ExitCertified deliver group training?

Yes, we provide training for groups, individuals and private on sites. View our group training page for more information.

Does ExitCertified deliver group training?

Yes, we provide training for groups, individuals, and private on sites. View our group training page for more information.

Class had good pace, the curriculum appeared to focus on exam prep (which was good), the lab worked very well except for one small instance.

The training was great and touched on the necessary information for the certification. It is always hard to reserve 4 half days all the way through so there were times when I needed to step away. Otherwise, the instructors, content, and delivery were fantastic.

Very impressed with the Instructor, Course Content and Labs provided by ExitCertified. Definitely have a very good platform for virtual learning. Will recommend to anyone interested in IT Courses.

Fantastic instructor, good overview of content and ability to answer questions

The course provided the essentials in preparing for AWS certification. Material was well organized and utilized during topic discussions.

0 options available

There are currently no scheduled dates for this course. If you are interested in this course, request a course date with the links above. We can also contact you when the course is scheduled in your area.

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