End-to-End Implementation, Configuration, and Global Tax Provisioning

What you'll learn
- Manage the end-to-end tax provision process
- Automate tax provision calculations and reporting
- Configure and manage the application's core functions
- Execute Country-by-Country (CbCR) and Pillar Two reporting

Requirements
- Basic Financial and Accounting Concepts, Oracle EPM Cloud Familiarity, Microsoft Excel Proficiency, Cloud Computing Basics, Analytical and Problem-Solving Skills

Description
Oracle Tax Reporting Cloud is a comprehensive global tax provision solution for multi-national companies reporting under GAAP (Generally Accepted Accounting Principles) or IFRS (International Finance Reporting Standards). The solution encompasses all stages of the corporate tax provision process, including tax automation, data collection, tax provision calculation, return-to-accrual automation, tax reporting and analysis, and Country by Country (CbCR) reporting.

Introduction to TRCS and Architecture:

Understanding the core features and benefits of the Oracle TRCS solution.

Overview of the system architecture and its integration capabilities with other Oracle EPM and ERP systems (e.g., Fusion ERP, Hyperion Financial Management).

Application Administration and Configuration:

Setting up and managing the TRCS environment, including managing dimensions and metadata.

Configuring security, assigning user roles (preparer, reviewer, administrator), and managing permissions to protect sensitive data.

Understanding system updates, releases, and lifecycle management for different scenarios.

Data Management and Integration:

Using Data Management or EPM Integration to load, import, and export data (such as trial balance data) from various source systems.

Setting up import formats, locations, and data load mappings (e.g., explicit, multi-dimensional).

Tax Provision and Reporting Processes:

Automating and managing current and deferred tax provision calculations.

Handling the complete tax reporting cycle under global accounting standards like US GAAP and IFRS.

Managing country-by-country reporting (CbCR) processes.

Streamlining reporting for OECD Pillar 2 requirements, including calculating Global Anti-Base Erosion (GloBE) income and effective tax rates.

Workflow and Process Management:

Setting up and utilizing theTask Managerto organize activities, assign responsibilities, and monitor progress.

Configuring and managing theApproval Process, including approval unit hierarchies, promotional paths, and locking/unlocking entities.

Reporting and Analysis:

Creating, authoring, reviewing, and publishing financial and regulatory reports using tools like Management Reporting and Oracle Smart View for Office.

Designing interactive dashboards, forms, and data grids for data entry and analysis.

Utilizing drill-through capabilities to trace data back to its source system for verification.

Who this course is for:
- Tax Professionals/Analysts, Finance Professionals, Accountants & Controllers, Implementers & Administrators, Power Users and Business Users
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