R12.x Oracle E-Business Tax Fundamentals

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Description

This course will be applicable for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1.

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 configurat…

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This course will be applicable for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1.

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 flowusing
  • 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

Audience
  • Functional Implementer
  • End Users

Course 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
Appendix A: Managing Migrated Tax Data
  • Tax definition upgrade flow
  • Tax code migration
  • Data ownership
  • Operating Unit tax profiles
  • Tax Classification codes
  • Application tax options
  • Direct Tax Rate Determination rule
  • Tax configuration migration path

Course Objectives
  • 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
  • Use the Oracle Tax Simulator to verify the tax configuration

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