R12i Oracle E-Business Tax Fundamentals

R12i Oracle E-Business Tax Fundamentals
Teacher: Kabeer Khan
Released: October 20, 2021
Level: Intermediate
Certificate: Finish lessons
Table of Contents
Description
Teacher
Introduction - EBTAX
Introduction to Oracle E-Business Tax, and its Features and Benefits
Tax Concepts
Tax related business scenarios
Tax Authority
Types of Transactions for Taxes
Overview of Value Added Tax (VAT), including concept of Input Tax and Output Tax
Tax Regime To Rate Flow
Tax Regime
Taxes
Tax Jurisdiction
Place of Supply
Tax Status and Tax Rate
Tax Recovery and Recovery Rate
Taxable Basis and Tax Amount
Tax Configuration Components
Tax Configuration Components
Party Tax Profiles
Tax Exemptions and Exceptions
Tax Registrations
Tax Configuration Owners
Configuration Options
Service Providers
Fiscal Classifications
Country Default Controls
Oracle E-Business Tax Solution
E-Business Tax Architecture
Regime-To-Rate flow for our Business Scenario
Setting up and Configure Oracle E-Business Tax
Summary of all E-Business Tax Setup Setps
Setting up E-Business Tax for our Business Scenario
Standard Responsibilities in E-Business Tax
Creating new User for E-Business Tax
Setting Up Tax Authority
Setting up Tax Regime
Setting up Taxes and Tax Accounts
Defining a new Tax Status and Tax Rate
Setting up Tax Jurisdictions
Tax Determination Management and Tax Rule Engine Concepts
Tax Rules and Rules Defaults
Tax Determination Management Process
Tax Determination Management explained with detailed steps
Setting Up Tax Rules and Tax Rule Defaults
Completing Dependent Setups for testing EBTax - Oracle Inventory
Create Inventory Menu and Responsibility
Setup Profile Options
Assign Inventory Responsibility to User
Create Inventory Organization
Organization Parameters - Inventory
Organization Parameters - Costing
Organization Parameters - Revision, Lot, Serial, LPN
Organization Parameters - ATP, Pick, Item-Sourced Parameters
Organization Parameters - Interorganization Parameters
Organization Parameters - Other Account Parameters
Assign Organization Access
Open Inventory Accounting Period
Completing Dependent Setups for testing EBTax - Oracle Account Payables
Create Payables Menu and Responsibility
Setup Profile Options - EB Tax
Assign Payables Responsibility to User
Setup Financials Options
Setup Payables System Options
Setup Payables Options
Open Payables Accounting Period
Creating Supplier and Supplier Sites
Setup Supplier Profile, including Supplier profile options for Tax, Invoices and Payments
Making Taxes available for Transactions
Making Taxes available for Transactions
Managing Party Tax Profiles
Managing First Party Legal Entity Tax Profile
Updating Legal Establishments Tax Profile
Setting Up Operating Unit Tax Profile
Setting up Third Party Tax Profiles for Suppliers
Oracle Tax Simulator
Introduction to Oracle Tax Simulator
Demo of Oracle Tax Simulator for Payables Transactions
Tax Simulator Tools
Managing Taxes on Payables Transactions
Oracle Payables Transactions
Entering Invoices and calculating Tax
Tax Accounting for Invoices
Prepayments Invoice Tax
Managing Taxes on General Ledger Transactions
Summary of setups required for GL Journals Tax
Update Ledger Options
Update System Profile Options for GL Responsibility
Create or Update Operating Unit Tax Profile in E-Business Tax
Setup GL Tax Options
Enter GL Journals for Tax and understand Journal Tax Accounting
Fix Issues while creating a Legal Entity
Module Summary - Fix Issues while creating a Legal Entity
How to fix issue Unable to find the country name
How to add New Legal Entity Registration Code?