Chapter 40: Fast Formula for Absence Duration Calculation
Overview:
In Oracle Fusion HCM, Fast Formulas are commonly used to calculate absence durations. This allows for precise tracking of employee leaves based on start and end dates, scheduled work hours, and absence types. The calculated value can be used for absence plans, accruals, or reporting.
Key Use Cases:
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Compute total duration in days or hours for a given absence.
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Adjust duration based on work schedules or public holidays.
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Apply custom rules for partial days, half-days, or shift-based absences.
Sample Fast Formula for Absence Duration (in Days):
This basic formula calculates the total number of days, including both start and end date.
Advanced Scenario (Excluding Weekends):
This version excludes Saturdays (7) and Sundays (1) assuming Sunday is the first day of the week.
Integration Context:
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Used in Absence Plans and Policies
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Can be triggered in Absence Type setup
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Helps drive leave accruals, validation rules, and proration logic
Practice Quiz:
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How can you modify the formula to consider half-day leaves?
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Which date functions are used in duration calculation?
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What is the difference between "Absence Entry" and "Absence Duration" formulas?
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