Introduction to Oracle Financial Reporting Compliance
Describe Financial Reporting Compliance and its Best
Practice Solution
Enumerate the objects you can work with to define your
risk-control matrix in Financial Reporting Compliance
Understand features that apply to all Financial Reporting
Compliance objects
Configure security
Describe advanced configuration options and functionality
Gathering Configuration Data
Take stock of your company’s existing risk-control matrix
Plan the perspective hierarchies you’ll use to organize
your risk-control matrix data within Risk Management
Determine who needs to work with that data, and what
roles will enable them to do so
Migrating Risk and Control Data
Use a Data Migration utility to import risk-control
matrix data into Financial Reporting Compliance
Define object-perspective associations, so that Financial
Reporting Compliance can recognize perspective-value assignments in your import
data
Validate your imported data
Configuring Security
Initiate predefined security
Understand how job and duty roles grant access to Risk
Management functionality
Understand how data security policies grant access to
Risk Management data
Understand perspective-based data security
Create data security policies
Map policies to roles
Managing Risks and Controls
Create risks
Use either of two methods to create controls
Use either of two methods to relate controls to risks
Attach documents to risks and controls, and select
perspective values for them
Create test plans for controls
Managing Assessments
Understand how batch assessments differ from ad hoc
assessments
Understand the activities that an assessment may require
assessors to complete
Create assessment templates and plans
Initiate a batch assessment and an ad hoc assessment
Complete an assessment
Managing Issues
Create issues
Understand issue security
Understand the issue-resolution process
Validate issues
Review issue details
Close issues
Managing Reports
Understand what reports are available
Run reports on demand
Schedule reports to be run
Manage report parameters
View scheduled reports
Configuring Objects
Select features for each of the Risk and Control objects
Select assessment activities for these objects
Edit guidance text and an activity question for each
activity
Additional Administration
Activate e-mail alerts
Understand security optimization
Select a default currency
Manage lookups
Description:
This training teaches Oracle's Best Practice Process and
Solution for streamlining processes and automating
labor-intensive tasks for financial reporting compliance
with SOX and similar mandates.
Expert Oracle University instructors will teach you how
to document risks and controls, automate assessments, address
issues and certify internal controls.
Learn To:
Explain Financial Reporting Compliance activities.
Use a data migration utility to import control and risk
definitions.
Secure the application.
Manually create risks and controls and define their
relationships to each other.
Assess the effectiveness of risks and controls
definition.
Benefits to You
Ensure a smooth, rapid and successful implementation of
Oracle Financial Reporting Compliance. Taking this course
helps you better understand the configuration options so
you can make improved decisions during your implementation
and continued use. You'll walk away with the skills to
optimize the setup and use of the application so you can effectively
manage your financial risks and controls.
Participate in Hands-On Labs
You'll get a chance to apply new knowledge to your daily
job through participating in hands-on lab exercises.