Guided Demonstration - Create a Non-Inventory Based Product

Fiscal Classification
Distribution
R12 Oracle E-Business Tax Management Fundamentals
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Copyright 2007, Oracle. All rights reserved.

Guided Demonstration - Create a Non-Inventory Based Product Fiscal Classification

Effective 06/01/2007

Page 1 of 3

273422929.doc
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Guided Demonstration - Create a Non-Inventory Based Product

Fiscal Classification
Sign on
Field

Value

User Name

XXUSER

Password

welcome
Note. Use the password you
created.

Responsibility: Tax Managers SSC US 01

1.

Navigate to the Create Party Fiscal Classification Type page.

2.

(N) Products > Product Classifications

Select a non-inventory based setup:

Field

Value

Product Classification Source

Oracle E-Business Tax

Note. You can select

Oracle Inventory to
display fiscal
classification type
codes associated with
Oracle Inventory.

3.

(B) Go

(I) Update (on Product Category row)

Discuss the options set up for the non-inventory based product fiscal classification:
Field
Levels

Effective From

Comments

Select the number of

levels you want to
make available to the
product category
fiscal classification
type.
Enter an effective
date range.

(L) Expand All

Copyright 2007, Oracle. All rights reserved.

Guided Demonstration - Create a Non-Inventory Based Product Fiscal Classification

Effective 06/01/2007

Page 2 of 3

273422929.doc
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4.

Discuss the fiscal classification codes already defined:

Field
Fiscal Classification Code

Country Name

5.

Comments

PRODUCT_CATEGORY
is the generic product
fiscal classification.
WINE CIGARETTE is an
individual code assigned
to the generic product
fiscal classification.
STATISTICAL_CODE
and FISCAL
CLASSIFICATION
CODE include a hierarchy
of codes to represent lines
of goods and services that
have a tax requirement.
You can create countryspecific product fiscal
classifications.

(I) Create Sub-Level (on STATISTICAL_CODE row level)

Create a subcomponent of the STATISTICAL_CODE fiscal classification code based on the

following information:
Field

Comments

Fiscal Classification Code

EBTAX00

Name

EBTAX00

Effective From

Current Date

Effective To

Current Date

Note. Only make this

effective for one day
so it doesnt impact
anyone else since we
are using seeded
data.
Note. Discuss entering tax reporting codes if tax reporting types are associated with fiscal
classifications. We are not entering any during the guided demo because there are no values
available.

(B) Apply

(B) Apply

Copyright 2007, Oracle. All rights reserved.

Guided Demonstration - Create a Non-Inventory Based Product Fiscal Classification

Effective 06/01/2007

Page 3 of 3

273422929.doc
Rev 1