r12 oracle general ledger new feature

ORACLE GENERAL LEDGER

ORACLE GENERAL LEDGERNew Features in Release 12 of Oracle General LedgerAGENDA SECTION 1Accounting SetupMultiple Currency support for GL data from all source.Entered currency reporting and analysisForeign currency recurring journal.Data Access to Multiple Legal entities and Ledger.Multiple Ledger ProcessingFinancial reports across LedgersCross Ledger and Foreign currency allocations.Streamlined automatic Posting and Reversal.Integrated Web based Spread sheet Interface.Journal CopyAGENDA SECTION 2Streamlined consolidation mapping.Replacement for disabled account.Management reporting and security.Data Access security for Legal entity and Ledger.Journal Reversal Enhancement.

Control Accounts.Security Definitions.Accounting and Reporting Sequence.Journal Line reconciliation.Enhanced Intercompany

AGENDA SECTION 1Accounting SetupMultiple Currency support for GL data from all source.Entered currency reporting and analysisForeign currency recurring journal.Data Access to Multiple Legal entities and Ledger.Multiple Ledger ProcessingFinancial reports across Ledgers

Cross Ledger and Foreign currency allocations.Streamlined automatic Posting and Reversal.Integrated Web based Spread sheet Interface.Journal Copy

ACCOUNTING SETUPLEDGERReplace set of books from 11i.Legal entity AccountingSingle Legal EntityMultiple Legal Entity through Balancing Segment Values.Chart of Accounts.Ledger CurrencyAccounting CalendarAccounting Methods

ACCOUNTING SETUPSPrimary Ledger ( Primary accounting representation).Secondary Ledger.Alternate Accounting representationDifferent 4 CAs3 LevelsBalanceJournalSub ledgerUnified process to post subledger data to ledger using Sub ledger Accounting (SLA)ACCOUNTING SETUPSSub ledger Accounting (SLA)

ACCOUNTING SETUP BENEFITSInherent support for Multiple accounting representation.Increased efficiency ( Populating data to Secondary Ledger).Increased consistency:Unified Process to post data to General Ledger from sub ledger and other external feeder system.Consistent drilldown experience to sub ledger application integrated with SLA. ACCOUNTING SETUP MANAGERStreamlined the setup and Implementation of Oracle Financial applications.Centralized the setup of common setup components.Legal entitiesLedgerOperating UnitReporting currenciesSub ledger Accounting optionsIntercompany Accounts and Balancing rules.Accounting and Reporting sequenceACCOUNTING SETUP MANAGER BENEFITSCentralized Accounting setup for Financials.Define all your accounting related setup in one central location.Reduce Setup error.Have clear view of implementation.Increase EfficiencyAccess Accounting setup information more quickly now that appear in one centralized location.Inherent support for multiple accounting information.Streamlined on-going Maintenance. ACCOUNTING SETUP PROCESS

IMPLEMENTATION CONSIDERATION

AGENDA SECTION 1Accounting SetupMultiple Currency support for GL data from all source.Entered currency reporting and analysisForeign currency recurring journal.Data Access to Multiple Legal entities and Ledger.Multiple Ledger ProcessingFinancial reports across LedgersCross Ledger and Foreign currency allocations.Streamlined automatic Posting and Reversal.Integrated Web based Spread sheet Interface.Journal Copy

MULTIPLE CURRENCY SUPPORT FOR GENERAL LEDGER DATA FROM ALL SOURCEEnhanced and simplified reporting currency setup.Integrated extension of the Ledger.Maintain at Three Levels.Balances: Translate balances in different reporting currency.Journal: General Ledger Journal and Balance in a different currency.Sub-ledger: Sub-ledger transactions, Journal and Balance in a different currency.MULTIPLE CURRENCY SUPPORT FOR GENERAL LEDGER DATA FROM ALL SOURCE

MULTIPLE CURRENCY SUPPORT FOR GENERAL LEDGER DATA FROM ALL SOURCE BENEFITS.Increased Visibility.Have a complete representation of your Accounting data in any reporting currency at any level you choose.Addresses Multiple Reporting currency requirements.Meet statutory and local reporting requirement in addition to Corporate requirement.Simplified SetupMULTIPLE CURRENCY SUPPORT FOR GENERAL LEDGER DATA FROM ALL SOURCE PROCESS.



ENTERED CURRENCY REPORTING AND ANALYSIS DESCRIPTIONView balances for the amount entered in the Ledger currency separately from the amount entered and converted in to Ledger currency.View amount entered in specific currency.FSG reportOnline Account InquiryCreated account Journal based on account balance Recurring JournalMass Allocation

ENTERED CURRENCY REPORTING AND ANALYSIS BENEFITSBetter informationPerform currency analysis on entered Ledger currency for valuation and analysis.More Flexible allocations.Create allocation based on amount entered on specific currency.ENTERED CURRENCY REPORTING AND ANALYSIS SETUPNo setup required.General Ledger automatically track balances.Entered Ledger currency balances are available once balance are posted.AGENDA SECTION 1Accounting SetupMultiple Currency support for GL data from all source.Entered currency reporting and analysisForeign currency recurring journal.Data Access to Multiple Legal entities and Ledger.Multiple Ledger ProcessingFinancial reports across LedgersCross Ledger and Foreign currency allocations.Streamlined automatic Posting and Reversal.Integrated Web based Spread sheet Interface.Journal Copy

FOREIGN CURRENCY RECURRING JOURNAL DESCRIPTIONCreate Foreign currency journals that are recurring.Select Conversion rate type.Calculate converted amount for journal based on rate type provided.More flexibility.More currency options for creating recurring journals.Increased efficiencyUse the system to convert currency amounts instead calculating manually.

FOREIGN CURRENCY RECURRING JOURNAL BENEFITSFOREIGN CURRENCY RECURRING JOURNAL PROCESS



DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER DESCRIPTIONSData Access SetsSimultaneous AccessAccess Multiple legal entities and Ledger via single responsibility.

DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER DESCRIPTIONSData Access set Journal ExampleCreate a JournalCreate a Journal for any ledger in your Data Access setView of Modifying the JournalView or Modify a Journal for any ledger In your Data Access setModifying a Journal BatchModify a Journal batch if you have access to all ledger used in the batch in your data access set.DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER BENEFITSIncreased EfficiencyAccess Multiple Ledger in Single Responsibility.Enable cross Ledger Inquiry, Reporting and Operations

DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER PROCESS

DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER SETUP

DATA ACCESS TO MULTIPLE LEGAL ENTITIES AND LEDGER SETUP AND ASSIGN DATA ACCESS SETGL Data Access Set Profile OptionsReplaces the GL Set of Books Profile Options in 11iRepresents Data Access set indented used by the Responsibility.IMPLEMENTATION CONSIDERATIONSCarefully plan how to best use these new access and security features.Grant Access to Ledger or Portion of the LedgerBalance Segment ValuesManagement Segment ValuesAGENDA SECTION 1Accounting SetupMultiple Currency support for GL data from all source.Entered currency reporting and analysisForeign currency recurring journal.Data Access to Multiple Legal entities and Ledger.Multiple Ledger ProcessingFinancial reports across LedgersCross Ledger and Foreign currency allocations.Streamlined automatic Posting and Reversal.Integrated Web based Spread sheet Interface.Journal Copy

MULTIPLE LEDGER DESCRIPTIONLedger SetsLogical grouping of Ledger with same chart of accounts and calendar / period types combinations.Basis for Cross-Multiple ledger inquiry, reporting and shared service operations.Opening and Closing PeriodsCreate Period closing Journals, Allocation and Recurring JournalsTranslating BalanceReportingMULTIPLE LEDGER BENEFITSIncrease Operational efficiencyReduce setup and processing time by performing operations on multiple Ledger simultaneously.Grater control over processControl your processing of multiple Ledgers irrespective of Accounting setup.Increased data accuracyKeep all Ledger Sync by keeping them all in same close scheduleMULTIPLE LEDGER PROCESSING

MULTIPLE LEDGER PROCESS AND SIMULTANEOUES OPENING AND CLOSING OF PERIODSProgram available for Multiple LedgersOpen PeriodClose PeriodGapless Close PeriodPermanently Close PeriodMULTIPLE LEDGER PROCESS AND SIMULTANEOUES YEAR END CLOSING JOURNALSGenerate the following closing Journals program for multiple Ledger in single submission.Create Balance Sheet closing Journals.Create Income Statement Closing Journals.MULTIPLE LEDGER PROCESS AND SIMULTANEOUES CURRENCY TRANSLATIONSTranslationsTranslate balances across multiple Ledgers SimultaneouslyAccess:From the Translate balance form.By submitting Translation program from the Submit request Form.MULTIPLE LEDGER PROCESSING AND PROCESS OF FINANCIAL REPORTING ACROSS LEDGERSUse the Run Individual reports form to specify a single ledger or ledger set at run time when generating the FSG report.To leverage the use of Ledger set with the default Ledger assigned.Running standard reports with the Ledger sets does not required Ledger be assigned to the ledger set.MULTI LEDGER PROCESSING SETUP


FINANCIAL REPORTS ACROSS LEDGER DESCRIPTIONSFinancial ReportsAggregate data for all of the ledgers In Ledger set.

FINANICAL REPORTS ACROSS LEDGER BENEFITSInstance summarizationReport on aggregate data for the Ledger setGrater Control on VisibilityControl view data across one or more Ledgers regardless of accounting setups.Increased EfficiencyNo need to Consolidate Ledger data before reporting.

FINANICAL REPORTS ACROSS LEDGER PROCESS

FINANICAL REPORTS ACROSS LEDGER SETUP


CROSS LEDGER AND FOREIGN CURRENCY ALLOCATION DESCRIPTIONCross Ledger AllocationsPerform Allocation in one ledger based on Amount in another LedgerPerform Allocation on Multiple Ledger based on Single FormulaForeign Currency AllocationCreate allocation in foreign currency.Select treatment of converted amounts.CROSS LEDGER AND FOREIGN CURRENCY ALLOCATION BENEFITSBetter Operational EfficiencyReduce Operation time by creating a single allocation definition spanning multiple ledger instead of creating separate allocation definition for each ledger.More FlexibilityManage your allocation process across your entire enterprise rather than according to your accounting setupCreate allocation in foreign currencies.

CROSS LEDGER AND FOREIGN CURRENCY ALLOCATION SETUP AND PROCESS


STREAMLINED AUTOMATIC POSTING/REVERSAL DESCRIPTIONStreamlined Automatic PostingShare Auto Post criteria set across multiple ledger that shares the same chart of accounts and calendar.Automatically post Journals for Multiple Ledger simultaneously.Streamline Auto Reversal Criteria SetupShare Journal Reverse Criteria definition across Ledger.

STREAMLINED AUTOMATIC POSTING/REVERSAL BENEFITSStreamlined Setup and MaintenanceDefined Auto Post criteria once and post Journal across multiple Ledgers Simultaneously.Share Auto Reversal criteria across multiple Ledgers

STREAMLINED AUTOMATIC POSTING/REVERSAL SETUP AND PROCESS


INTEGRATED WEBBASED SPREADSHEET INTERFACE DESCRIPTIONJournal WizardLaunch Spreadsheet web interface from GL responsibility to create actual, budget or encumbrance Journals.Import data from Text file to create Journals.Budget WizardLaunch Spreadsheet web interface from GL responsibility to download, modify and upload Budget Journals.Compare Budget amount and Actual amountCreate GraphsAdd Budget note to the descriptionINTEGRATED WEBBASED SPREADSHEET INTERFACE BENEFITSIncreased FlexibilityAccess spreadsheet directly from web interfaceLeverage familiar spreadsheet functionality.Customize SpreadsheetWork offlineEnter recurring Journal from saved spreadsheetReduced CostsReduce Training costReduce IT cost

INTEGRATED WEBBASED SPREADSHEET INTERFACE SETUP AND PROCESS


JOURNAL COPY DESCRIPTIONAuto Copy BatchCopy a existing Journal Batch for creating a new Journal Batch with the same Journals.Easily change the Below for the Journal BatchBatch NamePeriod NameEffective DateJournal Batch with any Status can be Copied

JOURNAL COPY BENEFITSIncrease Journal Entry SpeedQuickly copy a Journal from Existing Journal.Reduce Data Entry ErrorReduce error caused by having to manually new Journals from the scratch.

JOURNAL COPY SETUP AND PROCESS

AGENDA SECTION 2Streamlined consolidation mapping.Replacement for disabled account.Management reporting and security.Data Access security for Legal entity and Ledger.Journal Reversal Enhancement.


STEAMLINED CONSOLIDATION MAPPING DESCRIPTIONChart of Accounts MappingFormerly known as Consolidation mapping.Define Mapping between two chart of accounts.Share Mapping across consolidation Definition for Pair of Parents and Subsidiary Ledger that share the same chart of accounts and mapping rules.Use Mapping for Secondary LedgerSecure Mapping using definition access setUsageTransfer Journals and Balance from Subsidiary ledger to Consolidation LedgerPropagate Journal from Primary Ledger to Secondary LedgerSTEAMLINED CONSOLIDATION MAPPING DESCRIPTION

STEAMLINED CONSOLIDATION MAPPING BENEFITSReduce Setup and MaintenanceFor same pair of Chart of Accounts and Same mapping rules:No need to create mapping per source/target LedgerDefine one mapping and apply repeatedly multiple source/target Ledger PairFewer Mapping to Maintain going forwardSTEAMLINED CONSOLIDATION MAPPING SETUP AND PROCESS



REPLACEMENT FOR DISABLED ACCOUNTS DESCRIPTIONAlternate AccountsDefine Alternate account for account that has been disabled or end dated.Sub Ledger Accounting and GL Import Process replaced disabled account with alternate account.REPLACEMENT FOR DISABLED ACCOUNTS BENEFITSImprove Processing EfficiencyYou no longer to Manually error caused by disabled account: disabled account are replaced automatically by Sub Ledger accounting or GL Import Process.REPLACEMENT FOR DISABLED ACCOUNTS SETUP AND PROCESS



MANAGEMENT REPORTING AND SECURITY DESCRIPTIONOptionally qualify a segment as Management segment.Perform Management reportingSecure read and write access to Ledger/Management segment value combination using Data Access set.

MANAGEMENT REPORTING AND SECURITY



MANAGEMENT REPORTING AND SECURITY BENEFITSEnable Management reporting and analysis.Control access to Specific MSV based on Management responsibility.Prevent Manager from Viewing or Updating data for cost centers, Line of business, Product Lines etc. that are outside there responsibilities.Secure access to Ledger and Management segment values.Grant read only or read and write access to Management segment values.MANAGEMENT REPORTING AND SECURITY SETUP AND PROCESS



DATA ACCESS SECURITY FROM LEGA ENTITY AND LEDGER DESCRITPIONData Access SetsProvide read only and /or write access to a data by Leger, balance segment values or management segment values.Full Ledger AccessAccess to all Data in a LedgerSpecific Balance segment values AccessAccess to only some specific segment values in LedgerSpecific Management Segment ValuesAccess to only to some specific Management Values in LedgerDATA ACCESS SECURITY FROM LEGA ENTITY AND LEDGER DESCRITPIONData Access set Journal ExampleCreating a Journal BatchYou can create a Journal Batch for Ledger and/or Balance Segment Value where you have write access.View and Modifying a Journal BatchYou can view a Journal batches for which you have read only or write access to the Balance segment values.You can modify Journal Batch only if you have write access to all ledger and/or Balance segment values that are used in the batch.

DATA ACCESS SECURITY FROM LEGA ENTITY AND LEDGER DESCRITPION



DATA ACCESS SECURITY FROM LEGA ENTITY AND LEDGER BENEFITSGrater Control and FlexibilityGrant read only or read and write access to the Ledger or Portion of the Ledger

DATA ACCESS SECURITY FROM LEGA ENTITY AND LEDGER SETUP AND PROCESS



JOURNAL DESCRIPTION ENHANCEMENT AND BENEFITSPrevents reversal of Journals with frozen source.Benefits: Consistency between source system and GL account balance.Prevent Reversal of unposted Journals.Benefits:Improves Data integrityAll reversal can be tied back to the Original Journals.Improve auditability.

JOURNAL DESCRIPTION ENHANCEMENT SETUPNo setup Required.These features are automatically available in GL.AGENDA SECTION 2Streamlined consolidation mapping.Replacement for disabled account.Management reporting and security.Data Access security for Legal entity and Ledger.Journal Reversal Enhancement.


CONTROL ACCOUNTS DESCRIPTIONS AND BENEFITS Ensure Control Accounts only contains data from an approved journal source.Prevent Manual Journal entry to the control account.Provide better controlSpecify authorized source for Control accounts.Streamline reconciliation:Enforce consistency between source system and GL account balance.CONTROL ACCOUNTS SETUP AND PROCESS



SECURITY FOR DEFINITION DESCRIPTIONSDefinition Access setSecure DefinitionGrant one or more following privileges to the responsibilities.Use AccessView AccessModify AccessSECURITY FOR DEFINITIONS

SECURITY FOR DEFINITION EXAMPLE

SECURITY FOR DEFINITION BENEFITSGrater controlLimits responsibility access from using, modifying and viewing definitions.Reduces error and accidental changes to important definitions.Secure access to definitions independently from data access.Increased FlexibilitySelectively choose definition that you want to share and restrict to those you do not want to share.Support Shared Service CenterShared definitions can be restricted to authorized users.SECURITY FOR DEFINITIONS AND SETUP AND PROCESS



ACCOUNTING AND REPORTING SEQUNCING DESCRIPTIONSNew Journal Sequencing optionsAccounting SequenceSequence GL Journal when posted in GL.Sequence Subledger Journal when Subledger accounting is completed.Reporting SequenceSequence GL Journal when you close GL PeriodSequence Subledger Journal when you complete the accounting in SLA.Replaced Accounting Engine (AX) legal sequencing and Libro GiornaleAssign Mutually exclusive sequence.ACCOUNTING AND REPORTING SEQUNCING BENEFITSLegal ComplianceAddress business requirements in many countries.Allow fiscal authorities to verify the completeness of the company as accounting records.Increased FlexibilityProvide grater flexibility in choosing different journal sequencing.Sequencing journal based on different criteriaLedgerReporting currencyJournal SourceJournal CategoryBalance type

ACCOUNTING AND REPORTING SEQUNCING SETUP AND PROCESS



JOURNAL LINE RECONCILIATION DESCRIPTIONSManually or automatically reconcile journal line that should net to zero.Formally know as GL Entry reconciliation feature with in Oracle Financial common country features.Now part of Oracle General Ledger and renamed to Journal Line reconciliation.

JOURNAL LINE RECONCILIATION BENEFITSAutomated ReconciliationProvides automated way to reconcile journal line that should net to zero.Reduce close cycle time.No Localization is required.

JOURNAL LINE RECONCILIATION SETUP AND PROCESS



ENHANCED INTERCOMPANY DESCRIPTIONAdvanced Global Intercompany System (AGIS)Now a separate product with many enhancementIntercompany Balancing ruleUsed Across Subledger accounting and General Ledger to balance Journal with in legal entity or LedgerIntercompany AccountsUsed across subledger accounting and General Ledger to balance cross-legal entity journals.Support for Encumbrance Journals

ENHANCED INTERCOMPANY BENEFITSImproved User InterfaceImproved User interface makes defining rules more intuitiveBetter controlConsistent application of Intercompany accounts and intercompany balancing rules in Subledger accounting and General LedgerIncreased efficiencySupport for encumbrance Journals

ENHANCED INTERCOMPANY ACCOUNTING AND BALANCING RULE PROCESS

ENHANCED BALANCING PROCESS AND INTERCOMPANY JOURNALSCreationJournal Mode1 to 11 to ManyMany to 1Many to ManyIf Intercompany and Intra company lines are mixedBalancing API handles all situationsIntercompany accounts are balanced first before intra company balance.

ENHANCED INTERCOMPANY BALANCING AND ACCOUNTING RULES SETUP

IMPLEMENTATION CONSIDERATIONS

r12 oracle general ledger new feature

Documents

secondary ledger

ledgerscross ledger

ledger application

accounting related setup

currency reporting

ledgers cross ledger

gl data

multiple legal entities