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Implementing Oracle Fusion General Ledger and Oracle Fusion Accounting Hub by Nivas Ramanathan, Vladimir Ajvaz, Anil Passi

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CHAPTER9

Oracle Fusion Accounting Hub

Oracle Fusion Accounting Hub (FAH) is used for accounting transformation, which is a process to convert events into journal entries. The accounting transformation involves a diverse set of source systems and applications ranging from investment banking, core banking systems, premium and claim management systems for insurance, asset management, retail, healthcare, telecoms, and so on. For a large organization, you will find that each of these source systems may sometimes have its own local accounting engine. This can cause duplication of accounting rules across various different systems. The cost of making changes to accounting rules across many systems is usually very high. Oracle Fusion Accounting Hub allows ...

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