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Oracle HRMS Fast Formula

This document provides instructions for using default hours and amounts in a fast formula to calculate payroll in an Oracle HRMS system. It outlines 7 steps: 1) Create an element for the fast formula, 2) Link it to payroll, 3) Write the fast formula code, 4) Assign the formula results to the element, 5) Assign the fast formula element to employees, 6) Run the payroll process, and 7) View the results in the Statement of Earnings report to check that the total is calculated correctly based on the default hours and amount. The document is intended for classroom training purposes only.

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diablo_buck
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407 views

Oracle HRMS Fast Formula

This document provides instructions for using default hours and amounts in a fast formula to calculate payroll in an Oracle HRMS system. It outlines 7 steps: 1) Create an element for the fast formula, 2) Link it to payroll, 3) Write the fast formula code, 4) Assign the formula results to the element, 5) Assign the fast formula element to employees, 6) Run the payroll process, and 7) View the results in the Statement of Earnings report to check that the total is calculated correctly based on the default hours and amount. The document is intended for classroom training purposes only.

Uploaded by

diablo_buck
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Oracle HRMS Functional Document

Fast Formula's
Part 8: Method1
Using Default Hours and Amount

This Document is created only for Class Room Training Purpose

By
Regintala Chandra Sekhar
[email protected]

UK PAYROLL


2
Regintala Chandra Sekhar Email ID: [email protected]
If you have any queries regarding this document please see the Parts 1,2,3,4,5,6 and 7 documents
Set the Date: 01-Jan-2013 and check the Payroll Process Result if you have any runs roll back it

Method 1: Fast Formula Using Default Hours and Amount
Fast Formula : They are the easiest Way of Entering input values by using some techniques and equations

INPUT VALUE ------------- Inputs are Hours , Amount
DATA TYPE ------------ Default for Hours is 270
Default for Amount is 100
CONSTRAINTS ------------- Total = Hours * Amount
RETURN VARIABLE ------------- Return Amount

Step 1: Creation of Element for the Fast Formula


Step 2: Link it to Payroll

Navigation Path
UK PAYROLL


3
Regintala Chandra Sekhar Email ID: [email protected]
Step 3: Write Fast Formula for the Element 1 and verify it and save it
/*****************************************************************
Formula Name: Fast Formula Method 1
Description: Formula to Calculate the Hours * Rate
Effective Start Date: 01/01/0001
Effective End Date : 31/12/4712
******************************************************************/
Inputs are Hours, Amount
Default for Hours is 180
Default for Amount is 45
Total=Hours*Amount
Return Total
/****************************End********************************/




UK PAYROLL


4
Regintala Chandra Sekhar Email ID: [email protected]
Step 4: Assign the element to the formula results query the existing element and in processing rule assign
the formula to it

Save it

Step 5: Assign the fast formula element to the employee





UK PAYROLL


5
Regintala Chandra Sekhar Email ID: [email protected]
Step 6:Run the Payroll process for the UK: Submit the request



Step 7:View Result: View:Payroll process results and find you employee and click on the assignment
process and select your employee and see SOE Report (Total= 180*45=8100)




Thank You....

Regintala Chandra Sekhar
You can get more documents on my blogger: http://ora17hr.blogspot.com

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