Oracle Tax Reporting Cloud Service (TRCS)

Oracle Tax Reporting Cloud Service (TRCS) 

Module 1: Tax Reporting Cloud Service (TRCS)

• Tax Reporting Cloud Service Overview
• Describe the TRCS Process
• Describe TRCS related components

Module 2: Creating a TRCS Application

• Describe the workflow for creating TRCS application
• Create  TRCS application
• Explain application features available to be enabled
• Design application framework (metadata and user-defined elements)
• Design and implement importing and exporting metadata
• Design and implement importing and exporting data

Module 3: Consolidation Module - Dimensions

• Explain system dimensions and pre-seeded members including requirements and restrictions
• Jurisdiction Dimension
• Explain Consolidation dimension
• Explain the Currency dimension
• Design and set up Entity dimension
• Design and set up Intercompany dimension
• Design GAAP and IFRS financial reporting using Multi-GAAP dimension

Module 4: TRCS - Working with Tax Automation

• Adding Tax Automation Rules to Data Source Dimension
• Running Regional Tax Automation
• Running National Tax Automation
• Creating Tax Automation Using Multiple Rule Combinations 

Module 5: Working with RTA Automation

• Working with RTA (Return to Accrual)
• Applying Prior Year Rate on RTA Amounts

Module 6: Working with CbCR Automation

• Setting Up CbCR Automation
• Adding Rules for CbCR Automation
• Running the CbCR Automation Migration

Module 7: Managing the Approval Process

• Enabling Approvals 26-2  26-2 Approval Unit Promotional Path
• Starting the Approval Process
• Approval Unit Promotional Path

Module 8: Data Management

• Describe use cases for Data Management
• Perform administration tasks: predefine system setting profiles, set up source systems, register target applications;
• Set up definitions for import format, locations, period mappings, category mappings
• Perform loading data tasks: create member mappings, define data load rules, run or schedule data load rules

Module 9: Financial Close Manager Module

• Set up the close process
• Manage task types and templates
• Manage close schedules

Module 10: Oracle EPM Cloud Foundation

• Set up and configure Cloud security
• Perform system maintenance
• Build EPM Cloud automation routines - Job Scheduler, EPM Automate

Module 11: Supplemental Data Module

• Create data sets and dimension attributes

Module 12: Using Smart View

• Explain user tasks in Smart View
• Analyze data using ad hoc and Smart Forms

Module 13: Enterprise reporting using TRCS

• Design reports using Reporting Web Studio
• Previewing Reports
• Setting Preferences, Card, Cluster & Infolet
• Printing Reports and Snapshots

 

Skills You’ll Learn

#1 Understanding of Oracle TRCS architecture and functionalities

#2 Configuration and customization of TRCS

#3 Data loading, mapping, and reporting using TRCS

#4 Tax compliance and reporting best practices

#5 Practical skills for managing tax activities using TRCS