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Explain the key modules available in Oracle Fusion
Financials.
Answer: Oracle Fusion Financials consists of the
following key modules:
General Ledger (GL): Provides robust financial controls and real-time reporting capabilities.
Accounts Payable (AP): Manages supplier invoices, payments, and approvals.
Accounts Receivable (AR): Handles customer invoicing, receipts, and collection processes.
Fixed Assets (FA): Tracks and manages assets throughout their lifecycle.
Cash Management (CM): Reconciles and keeps track of bank accounts and cash transactions.
Tax Management: Centralized configuration of tax rules and compliance.
Expenses: Simplifies expense reporting and policy enforcement.
Each module is designed to streamline financial
operations and ensure compliance with regulatory requirements.
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Episode #6: The bank balance is NOT your profit.
“I have AED 250,000 in the bank, so I’m doing great.”
Not necessarily. Look at what’s actually inside that balance:
🟣 AED 100,000 is a bank loan. You have to pay it back.
🟡 AED 60,000 is customer advances. You haven’t delivered the work yet.
🔵 AED 15,000 is VAT collected. It belongs to the tax authority.
🔵 AED 45,000 is your own capital that you put in.
🟢 AED 30,000 is the actual profit.
Cash and profit are different things, for three reasons:
1️⃣ Timing. An invoice you’ve sent is profit, but it isn’t cash until the customer pays.
2️⃣ Non-cash costs. Depreciation lowers your profit, but no money leaves the bank.
3️⃣ Not your money. Loans, advances, VAT and capital all add to your balance without adding to your profit.
Profit = Revenue earned − Expenses incurred.
Earned ≠ received. Incurred ≠ paid.
Before you spend, ask:
✅ Did customers pay me, or did I only invoice them?
✅ Is any of this a loan, advance, VAT or my own capital?
✅ Which bills and taxes are still due?
✅ What is my real profit this month?
If you can’t answer these, your bank balance is giving you a false picture of how the business is doing.
Next up: Episode 7. Follow along so you don’t miss it.
Counting Crux |
#Accounting #UAEBusiness #Profit #CashFlow #Bookkeeping #Founders #DubaiBusiness #SmallBusiness
The AED 250,000 breakdown with the purple loan, yellow advances and green profit makes the lesson stick instantly. Earned is not received might be the most important sentence any founder can learn.
Onboarding design for Vestmark, covering account setup and the path to a first investment.
