highlights of oracle r12

Highlight of R12 Changes in Oracle Financials

Highlight of R12 Changes in Oracle Financials

DARC, Ralph Doucette, Senior Principal Consultant

March 12, 2007

AGENDA

Ledgers Responsibilities Intercompany Sub Ledger Accounting Fixed Assets Payables Mass Additions (Assets) Banks, Tax , Suppliers Q&A

General Ledger

General Ledger now has Ledgers. Replaces Set of Books.

A ledger Determines the currency, Chart of Accounts, Accounting Method, Ledger Processing Options and Subledger accounting method.

Ledgers are defined when you create accounting setups in Accounting Setup Manager.

General Ledger

Ledger Sets - Assign to single Responsibility Logical grouping of ledgers with the same chart of

Accounts and Calendar /Period type. The Calculation Basis for cross/multiledger Inquiry, Reporting, and shared services operations. Opening/Closing Period Creating period closing journals, Allocations & Recurring

Journals Translating Balances Reporting

Responsibilities

Responsibilities One responsibility can now be used to access

multiple legal entities and ledgers. Data Access Sets are used to control access. When submitting a concurrent request you can

submit the report for one or all the ledgers/Legal entities that you have been given access to.

GL data access profile option replaces GL set of books.

Intercompany New Features

New separate product Name: Advanced Global Intercompany System

- AGIS Ability to create invoices (AR and AP) Multiple recipients Support Proration of transaction distribution amounts Upload Transaction Batches created in Excel

Intercompany Changed Features

Reversal of batch/transaction

Descriptive flexfield support

Flexible Approval Rules and Workflow Notifications

Document attachment

Transaction security

SLA - Sub Ledger Accounting

Oracle Subledger Accounting is a rules-based engine for generating accounting entries based on source transactions from ALL Oracle Applications


General Ledger Payables Receivables Projects Assets Costing OPM Public

Sector/Federal

Impacted ApplicationsPayrollProperty ManagerLoansLease Management (post R12)Cash Management GlobalizationsIntercompany


Rule-based accounting engine, toolset & repository supporting Oracle E-Business Suite modules

Allows multiple accounting representations for a single business event, resolving conflicts between corporate and local fiscal accounting requirements

Retains the most granular level of detail in the Subledger accounting model, with different summarization options in the General Ledger, allowing full audit ability and reconciliation

Introduces a common data model and UI across subledgers, replaces various disparate 11i setups, providing single source of truth for financial and management analysis


There are no SLA responsibilities Users do not login to SLA SLA is a service provided to Oracle Applications SLA forms and programs are embedded within standard Oracle

Application responsibilities (e.g. Payables Manager) SLA provides the following services to Oracle Applications:

Generation and storage of detailed accounting entries Storage of Subledger balances (e.g. third party control account

balances) Subledger accounting entries (with drilldown to transactions) Subledger reporting (e.g. Subledger journal reports, open account

balances listing)

Fixed Assets

Sub Ledger Accounting Architecture and Inquiries Enhanced Mass Additions for Legacy conversions Automatic Preparation of Mass Additions Flexible Reporting using XML publisher Automatic depreciation rollback Enhanced functionality for Energy industry

New and Changed Features forOracle Assets

Fixed Assets - SLA

Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers.

Customers can use the seeded Account Derivation definitions or modify them as required.

Continue to support Account Generator functionality for existing Asset Books.

New SLA Accounting report and online account inquiry.

Fixed Assets

Enhancements have been made to the FA_MASS_ADDITIONS table. New Attributes have been added: Asset Life Depreciation Method Prorate Convention Bonus Rule Ceiling Name Depreciation Limit Plus others.

Web ADI has also been upgraded to include the new Attributes.

Fixed Assets- New Web ADI spreadsheet with Attributes

Fixed Assets

New Automatic Preparation of Mass Additions This new feature consists of default rules and Public

APIs that can be used by customers to complete the preparation of mass addition lines automatically.

Auto populate required fields such as Expense Account, Asset Category etc.

Avoid manual intervention during the Mass Additions prepare process

Avoid customization and use public APIs to effect custom business logic.

Fixed Assets

Assets now uses Flexible Reporting using XML publisher

Major Asset Transaction reports have been modified to support XML publisher.

Users can modify or use new templates to view report output.

Fixed Assets

XML reporting is available for the following thirteen asset reports:

2. Asset Transfers Report3. Transaction History Report4. Asset Reclassification Report5. Mass Additions Create

Report6. Cost Adjustment Report7. Cost Summary Report8. CIP Summary Report 9. Reserve Summary

9. Journal Entry Reserve Ledger2. Asset Additions Report

3. CIP Capitalization Report

4. Mass Additions Posting

5. Asset Retirements

Fixed Assets

Automatic Depreciation Rollback Depreciation is rolled back automatically by the

system when any transaction is performed onan asset if the following conditions are met:

i. Depreciation has been processed in that period

ii. The period is not closed It is no longer required to run depreciation rollback program

manually. Depreciation rollback is executed only on select assets as

required and not on the entire Asset Book this enhances performance of the program.

Fixed Assets

Enhanced functionality for Energy Industry

Energy Units of Production Method for Group Assets

- Allow Production method for Group Assets- Allow Production upload to Group Assets

Energy Straight line Method

- Net Book Value / Remaining Life

Payables

Enhanced Asset Tracking in Payables - Item Description - Manufacturer- Model-Serial Number-Warranty Number

Enhanced Mass Additions -Asset Book-Asset Category-IPV/ERV distributions

Payables New Form

TAX E-Business Tax

New Product Infrastructure for Tax Knowledge Management Global System Architecture Configurable and Scalable Single Point Solution Tax Service to all E-Business Suite Business Flows One Application Interface

TAX E-Business Tax Complete global tax solution for the E-Business Suite Easy to use and configure. Provides guided and expert

configuration options Easy to integrate with 3rd party tax vendors. Provides

infrastructure to upload tax content Provides infrastructure to define and share or to define and

individually own tax content , to simulate tax setup, transaction lines and tax calculation results.

Enables users to create and maintain a variety of tax rules and determining factors, which can handle from very simple to very complex tax requirements

Captures all relevant tax information in the Tax Repository Offers powerful and flexible tax reporting solution where users can

use and/or modify the pre-defined tax reporting templates .

TAX E-Business Tax

The New Oracle E-Business Tax Product will be delivered in a number of phases. The first phase, to be delivered in R12.0, will cover standard procure to pay and order to cash transaction taxes, with the exception of withholding taxes and those taxes handled by the Latin Tax Engine solution.

Suppliers

Streamlined Supplier setup and maintenance as part of Trading Community Architecture (TCA)

Oracle iSupplier Portal enables secure, self-service business transactions between companies and their suppliers.

Oracle iSupplier Portal provides a collaborative platform for a buyer to manage relationships with their global supply base.

QUESTIONS & ANSWERS

My e-mail [email protected]

highlights of oracle r12

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