Description

Introduction

Finance teams rely on consistent and accurate financial data to support reporting, planning, and compliance. Oracle Enterprise Data Management Cloud Service (EDMCS) provides a robust platform for managing and governing financial hierarchies across systems. This course enables finance professionals to use EDMCS to centralize and streamline the management of financial dimensions such as chart of accounts, cost centers, and business units.

Prerequisites

• Basic understanding of financial accounting and reporting

• Familiarity with Oracle Cloud Financials or EPM applications

• Knowledge of financial hierarchies and chart of accounts structures

• Prior exposure to master or metadata management is helpful

Table of Contents

1. Introduction to EDMCS for Finance
1.1 Overview of Financial Master Data
1.2 Challenges in Financial Hierarchy Management
1.3 How EDMCS Supports Financial Data Governance

2. Core Concepts in EDMCS
2.1 Applications, Dimensions, and Node Types
2.2 Views, Viewpoints, and Request Workflows
2.3 Key Terminology for Finance Users

3. Setting Up Financial Applications in EDMCS
3.1 Creating Financial Applications and Dimensions
3.2 Defining Node Types for GL, Cost Centers, and Entities
3.3 Managing Financial Properties and Data Types

4. Building and Managing Financial Hierarchies
4.1 Constructing GL Hierarchies and Rollups
4.2 Reorganizations and Restructuring Entities
4.3 Validating Consistency and Structural Rules

5. Change Requests and Approvals
5.1 Submitting and Reviewing Financial Data Changes
5.2 Role-Based Approval Processes for Finance
5.3 Managing Version History and Audit Logs

6. Validations and Business Rules for Finance
6.1 Implementing Validation Expressions
6.2 Financial Compliance Rules and Controls
6.3 Ensuring Hierarchy Accuracy and Integrity

7. Integrating with Financial Systems
7.1 Linking EDMCS with Oracle Cloud Financials
7.2 Exporting Data to ERP and EPM Applications
7.3 Using APIs and File-Based Imports

8. Use Cases for Finance Teams
8.1 Month-End Close Hierarchy Changes
8.2 Planning and Budgeting Realignments
8.3 Supporting Mergers, Acquisitions, and Divestitures

9. Reporting and Analytics
9.1 Visualizing Hierarchy Changes
9.2 Generating Finance-Specific Audit Reports
9.3 Using Dashboards for Monitoring

10. Best Practices and Strategy Alignment
10.1 Governance Structures for Finance Data
10.2 Aligning EDMCS with Finance Transformation Initiatives
10.3 Continuous Improvement and Lifecycle Management

This course empowers finance professionals to manage financial hierarchies with confidence using Oracle EDMCS. With structured processes, validations, and integration capabilities, EDMCS enhances the accuracy, transparency, and agility of financial data management in today’s dynamic business environments.