Funds Control Module Desktop Users Manual
- SAP Funds management ( FI-FM ) is a sub component under FI module. This tutorial provides tables, Transaction codes and PDF training materials about Funds management (FM).See the FM training PDF material about its Basic Settings and Configuration.
- Integrate these three areas and allow users to share procurement information. IFCAP has the following components or “modules.”. FUNDS DISTRIBUTION. Allows Fiscal Service to establish Fund Control Points, and track funding for budget purposes. CONTROL POINT ACTIVITY. Automates the preparation of requests, the electronic.
- Funds Control Module Desktop User's Manual Online
- Funds Control Module Desktop User's Manual 2016
- Funds Control Module Desktop User's Manual Pdf
For more information, see “System-board components”. Power-button module power-button module cable Note the power-button module cable routing and remove the cable from the. Page 82 Press the tabs on the power-button module and lift the power-button module from the top panel. Power-button module power-button module tabs power-button module cable.
This chapter contains the product overview.
This chapter covers the following topics:
Definition
Grants Accounting provides organizations with the ability to completely track grants and funded projects from inception to final reporting.
Overview
Grants Accounting extends the functionality of Oracle Projects to provide an integrated award and project management solution for grant receiving organizations. Grants Accounting tracks multi-funded projects and the required compliance terms and conditions by award.
Grants Accounting supports the validation of allowable costs and effective dates, as well as budgetary control, to ensure compliance. Grants Accounting supports the following features to meet the functional requirements of grants management:
Multifunded Projects
The multifunding projects feature allows users to manage complex relationships such as where one award can fund multiple projects, or where one project is funded by multiple awards. Grants Accounting manages complex billing requirements where each award funding the same project can have different indirect cost recovery rates, different billing cycles, and different funding periods. Multi-funding also allows users to control spending against each award.
Award Management
Grants Accounting enables organizations to keep track of award attributes by storing the award name, multiple award references, the original proposal number, CFDA number, budget rules, and other administrative requirements. Data entry of award information is simplified by using user-defined award templates or by copying an existing award.
Grants Accounting stores the start, end, close, and pre-award dates for the award. Users can store attachments on awards to record extraneous information.
Grants Accounting provides users with the ability to keep track of all installments, supplements, and amendments to an award. Users can record both the actual installments received and future commitments, which enables the production of future funding forecasts. Grants Accounting stores the start, end, and close dates for each installment.
Grants Accounting also stores the contacts, reporting requirements, key personnel, and compliance parameters.
Workflow sends notifications to award personnel when an installment is activated.
Workflow also sends notifications to award personnel when an installment nears its end date. The notification lists open Oracle Purchasing and Oracle Payables commitments.
In addition, Grants Accounting sends report notifications to notify recipients that a report due date is pending. This feature ensures the timely submission of required reports.
Funds Control Module Desktop User's Manual Online
Flexible Funds Control by Award
Users can specify the interval for which Grants Accounting must perform funds control. Users can specify whether to check funds available for a period, year, or life of the award.
Grants Accounting allows users to define the level of control for an award and to decide whether to allow transactions that exceed available funds. Users can define the funds control level at the award, task, resource group, or individual resource levels. Grants Accounting supports more than one control level, allows users to define funds control for each award, and vary funds control from one award to another.
Powerful Indirect Costing
Grants Accounting calculates and accounts for the cost of each transaction based on user-defined rates and rules. Total project costs can be tracked by applying a buildup of indirect costs to the direct costs, thus eliminating the need for month-end indirect cost allocations.
Grants Accounting includes indirect cost features that allows users to post indirect cost components such as fringe, overhead, and surcharges to separate general ledger accounts.
Online Invoice Review and Approval
Grants Accounting creates draft invoices for online review and approval based on user-defined billing cycles and invoice formats. When invoices are adjusted online, the source transactions are automatically updated. Reviewing and adjusting invoices online simplifies and shortens the reconciliation process. Grant invoices are interfaced to Accounts Receivables.
Simplified Billing
Award billing cycles can be automated to streamline the process. Invoices based on detail transactions charged to the award are automatically generated using user-defined billing cycles or by using performance milestones. Retroactive rate changes automatically result in credits of new invoices while Grants Accounting maintains an audit trail of previously billed invoices.
Award Status Inquiry
Grants Accounting provides online status of awards using the award status inquiry. For each award, users can view all actual and encumbrance expenditures in total. Grants Accounting provides a complete view of budget and expenditures by resource group across the entire award.
Integration with Oracle Financials
Grants Accounting integrates with Purchasing, Payables, and Projects to allow the entry of grants-related requisitions, purchase orders, and supplier invoices using those products.
Award Security
Grants Accounting provides award-based security to protect data ownership and sensitivity in relation to a given award. Users can define who can access, query, and update award information.
Government Reporting
Grants Accounting provides the standard forms to satisfy government reporting requirements and financial management of awards. The standard forms included are SF1034, SF1035, SF269, SF270, and SF272.
Award Distributions
Award distributions allows users to determine transaction charging instructions for expenditure items based on a predefined funding pattern for cost distribution.
Multiple Organization Support
Funds Control Module Desktop User's Manual 2016
Grants Accounting manages projects and awards from multiple organizations within a single installation. Security features ensure that each operating unit views and processes its own project or award costs and billings, yet the higher level operating unit can view all project costs across operating units and further process those costs and billings.
Multi-Currency
Grants Accounting supports multi-currency transactions. Data can be viewed at the transaction, summary, and manual encumbrance levels. At the transaction level, both actual and functional currency are viewable. At the summary levels, such as Budget, Award Status, and Project Status, only functional currency is viewable. At the manual encumbrance level, only functional currency is viewable.
Integration with Oracle Subledger Accounting
Oracle Subledger Accounting is an intermediate step in the accounting flow between subledger applications and Oracle General Ledger. Epiphone owners manual download free. Grants Accounting generates accounting events for costs and revenue and creates accounting for the accounting events in Oracle Subledger Accounting. Oracle Subledger Accounting stores a complete and balanced subledger journal entry in a common data model for each accounting event that requires accounting. Oracle Subledger Accounting transfers the final accounting to Oracle General Ledger.
You have the option of defining your detailed accounting rules for Grants Accounting in Oracle Subledger Accounting. If you define your own detailed accounting rules in Oracle Subledger Accounting, then Oracle Subledger Accounting overwrites default accounts, or individual segments of accounts, that Grants Accounting derives using AutoAccounting.
Integration with Oracle Labor Distribution
Funds Control Module Desktop User's Manual Pdf
Grants Accounting interfaces with Oracle Labor Distribution to accept summarized distribution lines that capture charging instructions for each employee and apply the labor costs to projects and awards.
Integration with Oracle Grants Proposal
Grants Accounting integrates with Oracle Grants Proposal to create awards and budgets from funded proposals.
Functionality Differences Between Projects and Grants Accounting
Functionality | Grants Accounting | Projects |
---|---|---|
Allowed Costs | supported | not supported |
Award Distribution | supported | not supported |
Award Status Inquiry | supported | not supported |
Billing Extensions | not supported | supported |
Bill Rate Schedules | not supported | supported |
Borrowed and Lent Cross-Charges | not supported | supported |
Budgeting | budgeting is by burdened cost only | budgeting by burdened cost, raw cost, or quantity |
Burden Client Extension | not supported | supported |
Burden Cost | burden cost must be accounted as a separate expenditure item | burden cost does not have to be a separate expenditure item |
Burden Limits | supported | not supported |
Capitalized Interest | supported for non-sponsored projects only | supported |
Contract Projects | not supported | supported |
Encumbrance Batches | supported | not supported |
Event Types | not supported | supported |
Funding | funding by award | funding by agreement |
Funds Check | supported | supported for commitments |
Government Reports | supports government reports SF 1034, SF 1035, SF 269, SF 270, SF 272 | not supported |
Interproject and Intercompany Billing | not supported | supported |
Invoice and Revenue for Capital and Indirect Projects through Award | supported | not supported |
Multifunding | multifunding (one award funding multiple projects or multiple awards funding one project) is a feature supported in Grants Accounting | multifunding not supported in Projects |
Project Allocations | not supported | supported |
Purge Transaction Interface Table | not supported | supported |
User-Defined Revenue Budgets | not supported | supports user-defined revenue budgets for agreements |
User-Defined Transaction Sources | see Oracle Grants Accounting Integration with Other Oracle Applications for information on non-supported transaction source options | supported |