The following image depicts the setup flow for Oracle Advanced Pricing. Some of the steps outlined are required and some are optional. If you have already completed a common-application setup (setting up multiple Oracle Applications products) some of the following steps may be unnecessary.
A Required Step With Defaults is required only if you want to change the seeded default values. Review those defaults and decide whether to change them to better suit your business needs. Do optional steps only if you plan to use the related feature or complete certain business functions.