R12 Oracle HRMS Implement and Use Fast Formula - Self-Study Course

The Oracle HRMS Implement and Use FastFormula course gives you the fundamental skills that you need to create and maintain FastFormulas in HRMS.

You learn about different formula types(predefined, generated, and user-defined formulas)and how to adapt them. Specifically, you are introduced to the FastFormula required syntax, the use of global values, database items, data types, conditional logic, functions, user tables and their validation. Additionally, you learn how to maintain and add formulas at an enterprise for Payroll and Benefit calculations, for Absence Management and PTO Accrual Plans, and for Business Intelligence Reports. You also learn how to use FastFormula with QuickPaint Reports and Assignment sets.

Audience

• Functional Implementer
• Project Manager
• Sales Consultants
• End Users

Course Topics Introduction to Oracle FastFormula

• How Formulas Are Used in Oracle HRMS
• Formula Types, Contexts, Inputs and Outputs
• Pre-defined and User defined Formulas
• Creating Formulas
• Advantages of Using the FastFormula Assistant

FastFormula Basic Syntax and Structure

• FastFormula Basic Syntax
• Oracle FastFormula Structure

Advanced FastFormula Syntax and Examples

• Advanced Oracle FastFormula Syntax
• Examples of Oracle FastFormula

Introduction to Using FastFormula

• Introduction to Using FastFormula
• Tips, Troubleshooting, and Efficient Design
• Using FastFormula in People Management Templates
• Writing Formulas for Person Number Generation

Using Oracle FastFormula in Benefits Administration

• Using Oracle FastFormula to Define Rules for Benefits Administration
• Writing FastFormula for Benefits Administration: Input, Output, and Eligibility Rules
• Writing FastFormula for Benefits Administration: Further Benefit Rules

Using FastFormula in Oracle Payroll

• Using Formulas for Total Compensation in Payroll
• Testing Payroll Formulas
• Designing and Building Business Rule Solutions

Using FastFormula with Absence Management and PTO Accrual Plans

• How Absence Management and Accrual Plans Use Formulas
• Review of PTO formula Types
• Inputs and Outputs of Accrual Formulas
• Adapting Accrual Formulas

Using Formulas to Define Business Rules

• Using Formulas to Define Parameters for Oracle HRMS Business Intelligence Reports
• Calling Formulas from PL/SQL
• Creating a PL/SQL function for use in a Formula

Special Use Cases

• Using Predefined Formulas

Course Objectives

• Create FastFormulas to define rules for Business Administration
• Adapt seeded and generated formulas to meet the needs of your enterprise
• Write well structured and efficient FastFormulas
• Write formulas using the FastFormula Assistant
• Use conversion functions in your formulas
• Use conditional logic, Boolean operators, functions and user tables in your formulas
• Explain the use of FastFormulas for QuickPaint Reports and Assignment Sets
• Explain the different formula types
• Explain the difference between the predefined, seeded, generated and user defined formulas
• Create, modify, and use FastFormulas for validation
• Create, modify, and use FastFormulas for Payroll Processing
• Create, modify, and use FastFormulas for PTO Accrual Plans