R12 Oracle E-Business Tax Fundamentals

Course Details
Code: D66473
Tuition (USD): $1,332.00 $1,265.40 • Self Paced
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Course Details
GSA (USD): $1,140.75 • Self Paced

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


Skills Gained

  • 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

Who Can Benefit

  • End User
  • Implementer

Prerequisites

Suggested Prerequisite

  • Functional knowledge of Financials migration fundamentals

Course Details

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
  • 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
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