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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

SLA - Sub Ledger


Accounting
Impacted Applications

General Ledger

Payroll

Payables

Property Manager

Receivables

Loans

Projects

Lease Management
(post R12)

Assets
Costing

Cash Management
Globalizations

OPM

Intercompany

Public
Sector/Federal

SLA - Sub Ledger


Accounting
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

SLA - Sub Ledger


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

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 Report

9. Journal Entry Reserve Ledger

3. Transaction History Report

2. Asset Additions Report

4. Asset Reclassification Report

3.

CIP Capitalization Report

5. Mass Additions Create


Report

4.

Mass Additions Posting

5.

Asset Retirements

6. Cost Adjustment Report


7. Cost Summary Report
8. CIP Summary Report
9. Reserve Summary

Fixed Assets

Automatic Depreciation Rollback


Depreciation is rolled back automatically by the
system when any transaction is performed on
an 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

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.

Banks

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 rdoucette@darc.com