NetSuite EPM: Account Reconciliation (ARCS) Administrator (3 days)

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Would you like to arrange a private class for your team?

Keyteach provides the flexibility to deliver this instructor-led course on dates that suit your team’s schedule. Private classes, conducted live online with a remote instructor, require a minimum of two participants. Alternatively, we can arrange in-person training at your location upon request.

  • NetSuite EPM: Account Reconciliation Administrator Private Instructor-Led Training for Your Team   $2,880.00 per person (min 2 attendees)
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  • An immediate 'On Demand' subscription for you
  • Instant access - start training today!
  • 90 day course subscription
  • Hands-on lab access for 21 days
  • Unlimited instructor support
  • Train anywhere, anytime at your convenience
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$2,880.00 per person NetSuite EPM: Account Reconciliation Administrator Course (Pre-Paid Vouchers)

PRE-PAID VOUCHERS

  • 'On Demand' vouchers for you or your team to redeem later
  • Voucher codes valid for 12 months
  • 90 day course subscription
  • Hands-on lab access for 21 days
  • Unlimited instructor support
  • Train anywhere, anytime at your convenience

Course Summary

By the end of this course you will be able to create and manage Oracle's Account Reconciliation applications to help streamline close processes and deliver insight about the real-time status of account reconciliations and transaction matching.

Audience

  • System Administrators
  • Implementation Consultants

Duration

  • Instructor-led training: 3 days (21 CPE Credits)
  • Self-paced on demand training: 90 days (21 CPE Credits)

Course Description

Oracle Account Reconciliation helps manage account reconciliation processes. Find out how to keep track of preparer and approver assignments. Understand how workflow support for the account reconciliation process provides monitoring, reporting and analysis, and get instant visibility into the progress and status of the reconciliation lifecycle.

This three-day course provides attendees with extensive hands-on experience of working with Oracle's Account Reconciliation. Find out how to manage Account Reconciliation compliance processes and explore the automation of high volume/labour-intensive Transaction Matching. Discover how to automate the preparation of large-scale reconciliations and integrate results into the tracking features within Reconciliation Compliance. This powerful cloud service saves time with reconciliations while improving quality and reducing risk. Explore how to use group reconciliations to track balances at a more granular level of detail than the level at which the reconciliation is performed. Summary reconciliations bring multiple individual reconciliations together for additional processing at an aggregated level. Learn to generate calculated data for reporting and review purposes which can also be referenced in rules for automating the workflow process.

Learning Objectives

By the end of this course learners will be able to:

  • Identify how to build preparer and approver assignments
  • Explain how workflow support provides visibility of the reconciliation lifecycle
  • Recognize how to manage Account Reconciliation compliance processes
  • Build automation for the preparation of large scale reconciliations
  • Differentiate between Account Reconciliation compliance processes and high volume/labour-intensive Transaction Matching

Summary by Day

Day 1: System Maintenance and Reconciliation Compliance

  • Navigation
  • Solution overview
  • System setup
  • Configuring and managing reconciliation compliance
  • Loading data

Day 2: Transaction Matching

  • Creating and managing rules
  • Configuring and performing transaction matching
  • Analysis and balancing scenarios
  • Dashboards and reports

Day 3: Data Integration, Group and Summary Reconciliation, Calculated Attributes and Rules

  • Data Integration
  • Group reconciliation
  • Summary reconciliation
  • Calculated attributes
  • Rules creation and management

Course Agenda

System Maintenance

  • Creating applications
  • Application configuration
  • Daily maintenance
  • Security and roles

Reconciliation Compliance

  • Access and navigation
  • Worklists and reconciliations
  • Configuration options
  • Create Periods, Formats, and Profiles
  • Create Reconciliations from Profiles
  • Explore individual, group, and summary reconciliations
  • Manage Period status
  • Closing and locking periods
  • Transfer reconciliations between users
  • Importing pre-mapped data and import via Data Integration
  • Create and extract adjustments
  • Monitoring the status of reconciliations
  • Collaboration and importing/exporting Teams
  • Submitting, approving, and rejecting reconciliations
  • Updating reconciliation attributes
  • Reassignment requests
  • Creating and managing Rules and publishing Filters
  • Running Reports

Transaction Matching

  • Automate the preparation of high-volume reconciliations and analyze results
  • Define data sources and create Match and Transaction Types
  • Define the matching process, including matching rules
  • Create Formats, Profiles, and Reconciliations
  • Export and import Match Types
  • Import transactions to data sources
  • Run Auto Match
  • Confirm suggested matches and create manual matches
  • Clearing and accrual reconciliations
  • Reconciling debits and credits
  • Export adjustments or transactions as journal entries
  • Create global adjustments and support attributes
  • Map support attributes to journal attributes
  • Explore the balancing scenarios
  • Transaction Matching reporting
  • Job history

Group and Summary Reconciliations

  • Create formats for group reconciliation
  • Set up Data Integration for importing balances at a more granular level
  • Profile setup for summary reconciliation

Calculated Attributes and Rules

  • Generate calculated data for reporting and review purposes
  • Calculate data on the fly
  • Translate balances
  • Automate submission and approval
  • Prevent workflow submission

National Association of State Boards of Accountancy (NASBA)

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  • Course title: Oracle EPM: Account Reconciliation (ARCS) Administrator
  • Duration: 3 days
  • Audience: System Administrators | Developers | Implementation Consultants
  • Pre-requisites: None
  • Delivery method: Group Live, Group Internet-Based and QAS Self-Study
  • Advanced preparation: None
  • Recommended CPE credits:
    Group Live and Group Internet-Based: 21 credits - computer software and applications
    QAS Self-Study: 21 credits - computer software and applications
  • Programme level: Intermediate

Keyteach is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Registration ID No 115820. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Any complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

NetSuite Account Reconcilation facilitates a faster close by automating account reconciliations and transaction matching. It improves the efficiency and accuracy of your financial statements while addressing security and risk typically associated with the process. It also connects to other NetSuite EPM business processes and ERP applications such as Oracle Cloud ERP, E-Business Suite, or SAP ERP. Organizations can leverage existing IT investments in Oracle and non-Oracle applications by connecting to data and metadata from many sources, including data from spreadsheets!

Keyteach has many different types of training solution for NetSuite's Account Reconciliation Service. We have a regular global schedule of system administrator training with a three-day Administrator course as well as a two-day Certification Readiness course that is ideal for those preparing for Oracle's Implementation Essentials Certification Exam.

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