R12.2 Oracle HRMS Implement and Use Fast Formula

Objectives

• Create FastFormulas to define rules for Business Administration

• Create, modify, and use FastFormulas for Payroll Processing

• Create, modify, and use FastFormulas for PTO Accrual Plans

• Explain the different formula types

• Explain the difference between the predefined, seeded, generated and user defined formulas

• Adapt seeded and generated formulas to meet the needs of your enterprise

• Write well structured and efficient FastFormulas

• Write formulas using the FastFormula Assistant

• Use conditional logic, Boolean operators, functions and user tables in your formulas

• Create, modify, and use FastFormulas for validation

• Use conversion functions in your formulas

• Explain the use of FastFormulas for Quick Paint Reports and Assignment Sets

Topics

• Introduction to Oracle FastFormula

• Oracle FastFormula in HRMS Product Suite

• FastFormula Basic Syntax

• Oracle FastFormula Structure

• Advanced Oracle FastFormula Syntax

• Examples of Oracle FastFormula

• Tips, Troubleshooting and Efficient Design

• Using FastFormula in People Management Templates

• Writing Formulas for Person Number Generation

• Using Oracle FastFormula to Define Rules for Benefits Administration

• Writing FastFormula for Benefits Administration: Input, Output, and Eligibility Rules

• Writing FastFormula for Benefits Administration: Further Benefit Rules Input, Output, and Eligibility Rules

• Using FastFormula in Oracle Payroll and Total Compensation

• Testing Payroll Formulas

• Designing and Building Business Rule Solutions

• How Absence Management and Accrual Plans Use Formulas

• Review of PTO Formula Types

• Inputs and Outputs of Accrual Formulas

• Adapting Accrual Formulas

• Using Formulas to Define Business Rules and to Define Parameters for Oracle HRMS Business Intelligence Reports

• Calling Formulas from PL/SQL

• Creating a PL/SQL Function for use in a Formula

• Using Predefined Formulas