Oracle FAH Consultant (8-10 yrs) Overseas/International/Africa/Nigeria (Enterprise - SAP/Oracle)
Humint Global Technologies
13d ago
source :
  • The Financials Accounting Hub (FAH) is a tool designed for non-Oracle Subledgers (Third Party) to leverage Oracle's Subledger Accounting engine and ultimately transfer the Journals to an Oracle General Ledger.
  • The Financials Accounting Hub uses accounting events to generate journals.
  • Accounting Events have financial impact. Using this tool implementers determine how the events should be accounted.
  • The Oracle Financial Accounting Hub (FAH) helps in creating a centralized, auditable accounting system for external and / or legacy systems.
  • FAH has a configurable rules engine and configurable rules repository (user-defined) that keeps the definition and maintenance of accounting rules in one place.
  • FAH acts as the accounting engine for any subledger (Oracle or non-Oracle), create adjusting journal entries, provide drill back from General Ledger (GL) to FAH, validate and transform source data, and fully leverage GL setups (open / close period, COA structure, segment values, cross validation rules, calendar, functional currency) to ultimately provide users with an efficient and compliant financial system.
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