D87495 - R12.2 Oracle E-Business Tax Fundamentals Ed 1

This R12.2 Oracle E-Business Tax Fundamentals training will be applicable for customers who have implemented Oracle E-Business Suite Release 12, 12.1 or 12.2. Explore the new features of Oracle E-Business Tax Release 12, while learning how to create a tax model and apply that tax to a transaction. This R12.2 Oracle E-Business Tax Fundamentals training is designed for customers who have implemented Oracle E-Business Suite Release 12.2 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.

Duration: 2.0 days

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Objectives

  • 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

Content

  • Oracle E-Business Tax Overview
  • Oracle E-Business Tax Basic Tax Configuration
  • Setting Up Tax Rules
  • Configuration Owners and Event Class Settings
  • Managing Party Tax Profiles
  • Configuration Owners and Service Providers
  • Fiscal Classifications
  • Example: Determining Tax Rule Components Based on Tax Regulations
  • Tax Recovery, Self-Assessment, and Offset Taxes
  • Managing Taxes on Transactions
  • Self-Assessment and Offset Taxes
  • Tax Reporting Ledger
  • Appendix A: Managing Migrated Tax Data

Audience

  • End User
  • Implementer

Prerequisites

None

Certification

product-certification
This course is not associated with any Certification.

Course Benefits

product-benefits
  • Career growth
  • Broad Career opportunities
  • Worldwide recognition from leaders
  • Up-to Date technical skills
  • Popular Certification Badges

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