Finance enterprise group prerequisites overview

The finance enterprise group, or FEG, must be set up properly in Financials before TrueCost can be set up and configured. TrueCost functionality relies on certain components of the finance enterprise group being set up in a specific way. This section describes the TrueCost finance enterprise group prerequisites.

Intended audience

These components of the finance enterprise group must be setup by personnel who have expertise with Financials setup and Global Ledger configuration.

See the Financials Setup and Administration Guide.

Component	Description	Reference	Comments
Departments dimension	A TrueCost configuration requires one of the finance enterprise group dimensions to be set up as a department structure.	Departments dimension	Required.
Cost object dimension	A TrueCost configuration requires one of the finance enterprise group dimensions to be set up as a cost object structure.	Cost objects dimension	Required.
Cost breakdown structure	TrueCost supports costing analytics of actual and expected costs. Cost breakdown structures establish the cost breakdown hierarchies for costing analytics. At least one cost breakdown structure is required for allocations and to use as a basis for cost analysis reports.	Cost breakdown structure	Required.
TrueCost ledgers	A TrueCost configuration requires the addition of these two ledgers in the finance enterprise group. Utilization ledger contains transactions generated by TrueCost actuals allocations. Capacity ledger contains transactions generated by TrueCost capacity allocations.	TrueCost ledgers	Required.
Reporting basis	A TrueCost reporting basis is required for TrueCost reports.	Reporting basis	Required.