Functional Track
Oracle EPM New Learner Guide
A sequential foundation guide for accounting, finance, FP&A, budgeting, forecasting, close, reconciliation, cost management, and variance reporting.
Key Insight
You cannot plan what you cannot measure. Accounting is the measurement system.
Why this matters for Oracle EPM learners
Every number in Oracle EPM — every budget line, every forecast cell, every consolidated balance — originates from an accounting entry. Understanding accounting is not optional for an EPM practitioner; it is the bedrock.
What you will learn in this step
The Accounting Equation
Assets = Liabilities + Equity
Double-Entry Bookkeeping
Every transaction has two sides — a Debit and a Credit
The Three Financial Statements
P&L shows performance. Balance Sheet shows position. Cash Flow shows liquidity.
Chart of Accounts (COA)
A numbered list of every account a company uses to record transactions
Accrual vs. Cash Basis
Accrual: recognize revenue when earned. Cash: recognize when cash moves.
Debits, Credits & Account Types
Assets & Expenses: increase with Debits. Liabilities, Equity & Revenue: increase with Credits.