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The FEM_FACTOR_TABLE_TYPES_DSC lookup type in Oracle E-Business Suite (EBS) 12.1.1 and 12.2.2 is a critical component within the Financial Enterprise Manager (FEM) module, specifically designed to categorize and define different types of factor tables used in financial calculations, reporting, and analytical processes. Factor tables in FEM serve as repositories for coefficients, multipliers, or other numerical values applied to financial data for modeling, forecasting, or regulatory compliance purposes. This lookup type provides a standardized classification system, ensuring consistency in how factor tables are referenced and utilized across the application.

Purpose and Functionality

The FEM_FACTOR_TABLE_TYPES_DSC lookup type acts as a metadata repository, storing descriptive codes (LOOKUP_CODE) and their corresponding meanings (MEANING) for various factor table types. These codes are referenced throughout the FEM module to identify the purpose or context of a factor table. For example, a lookup code might distinguish between tables used for currency conversion, risk weighting, tax calculations, or depreciation methods. The lookup values are typically hardcoded in the application but can be extended to accommodate custom requirements.

Key Attributes

  • LOOKUP_TYPE: Fixed as FEM_FACTOR_TABLE_TYPES_DSC to identify this specific category.
  • LOOKUP_CODE: A unique identifier (e.g., EXCHANGE_RATE, RISK_WEIGHT) for each factor table type.
  • MEANING: A human-readable description (e.g., "Exchange Rate Table," "Regulatory Risk Weight Table").
  • ENABLED_FLAG: Controls whether the code is active (Y/N).
  • START_DATE_ACTIVE/END_DATE_ACTIVE: Defines the validity period for the lookup value.

Integration with FEM Processes

This lookup type is integral to FEM's data governance framework. It is referenced in:

  • Factor Table Definitions: The FACTOR_TABLE_TYPE column in FEM_FACTOR_TABLES links to this lookup to classify tables.
  • Rules Engine: Financial rules may use factor table types to dynamically select appropriate tables during calculations.
  • Reporting: Enables filtering or grouping of financial results based on factor table categories.

Technical Implementation

In Oracle EBS 12.1.1 and 12.2.2, the lookup values are stored in the FND_LOOKUP_VALUES table, filtered by LOOKUP_TYPE = 'FEM_FACTOR_TABLE_TYPES_DSC'. The values are typically seeded by Oracle but can be extended via the Application Developer responsibility. Customizations should adhere to Oracle's naming conventions to avoid conflicts during upgrades.

Example Use Cases

  • Regulatory Compliance: A bank uses BASEL_III_RISK_WEIGHT to apply risk weights per Basel III norms.
  • Multi-Currency Reporting: MONTHLY_EXCHANGE_RATE tables store conversion rates for financial consolidation.
  • Tax Calculations: VAT_RATE_BY_REGION tables provide jurisdiction-specific tax rates.

Customization Considerations

While Oracle provides standard values, implementations often require custom entries. For example, adding CARBON_FOOTPRINT_FACTOR for sustainability reporting. Customizations must be documented and tested to ensure compatibility with existing processes.

Conclusion

The FEM_FACTOR_TABLE_TYPES_DSC lookup type is a foundational element in Oracle FEM, enabling precise categorization and management of factor tables. Its structured approach ensures data integrity, simplifies maintenance, and supports complex financial operations. Administrators should leverage this lookup type to enforce standardization while accommodating business-specific needs through controlled extensions.