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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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CHAPTER1

Project Initiation and Scope

In this book, we will be implementing Oracle Fusion Financials for a fictitious bank named ACME Bank. This bank does not reflect any real bank in any country.

ACME Bank profits have been decreasing for the past two years even though the name is a very strong and well-known brand. Operating margins are low. Investors are concerned about the opaqueness in their reporting. Auditors are concerned about the lack of control and governance in the bank. The Chief Operating Officer is struggling to pinpoint the areas where there are cost inefficiencies. The Chief Financial Officer is concerned that he does not know the true picture about which lines of businesses within the bank are performing poorly. The operational ...

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