ORACLE DATA SHEET

AUSTRIA
COUNTRY SPECIFIC FEATURES
As of Release 12.2. Generated on April 25, 2018

Oracle E-Business Suite helps organizations compete globally while they

manage their businesses locally. Because it's designed for global
organizations doing business worldwide, new features and upgrades for
STANDARDIZE ON A SINGLE GLOBAL
SYSTEM: Oracle E-Business Suite are delivered simultaneously to all markets, in
With Oracle E-Business Suite to manage a single code set with the standard products, allowing countries to
your business systems at a global level, you
can: benefit immediately. This document, Austria Country Specific Features,
• Provide corporate consistency and global describes the capabilities provided by Oracle E-Business Suite to
visibility with centralized business
functions address local business and regulatory requirements in Austria.
• Extend core business systems with a
standards-based business platform
How Oracle delivers Globalization
• Accommodate global data standards with
a native global platform
Oracle E-Business Suite addresses geographic requirements through a comprehensive
global solution set that is comprised of the following components: (See Figure 1 below.)

• Global Technology Platform provides consistent technology support for global

requirements across all applications.

• Globalization Capabilities are delivered through rules-based engines that support

globally diverse requirements in areas such as accounting, payments, payroll, taxes,
and others.

• Localizations enhance the globalization capabilities by providing support for

country specific legislative and business requirements. The following localization
delivery methods exist:
MEET THE CHALLENGES OF
• Product Localizations: Delivered in product, by Development organization
GLOBALIZATION WITH ORACLE E-

BUSINESS SUITE • Add-on Localizations: Delivered via My Oracle Support, by Development and
Regional Localization centers.
Only Oracle's global software platform

enables the rapid deployment of cost- • Partner Localizations: Delivered by Oracle's partners
efficient and compliant business processes Please note that not all these delivery methods are applicable to every country.
that lead to success in your business.

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 ORACLE DATA SHEET

Configurable Global Foundation Oracle’s Globalization Solution

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• Accounting rules
• Financial reporting
• Payment formats Applications
• Tax and withholding calculations
• Tax reporting Financial Human Capital Supply Chain
• Asset valuation and depreciation
Management Management Management
methods
• Inventory valuation
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Figure 1: Oracle's Globalization Infrastructure

Oracle E-Business Suite has been successfully implemented by companies in more than 150 countries
worldwide.

Oracle delivers specific localizations for the following countries:

Americas Europe, Middle East & Africa Asia Pacific
Argentina Austria Netherlands Australia
Brazil Belgium Norway China
Canada Bulgaria Poland Hong Kong
Used in more than 150 countries, Chile Croatia Portugal India
Oracle E-Business Suite lets you Colombia Czech Republic Romania Japan
operate wherever your customers, Mexico Denmark Russia Korea
suppliers, or employees are Peru Egypt Saudi Arabia Malaysia
located — all on one native, global Puerto Rico Finland Slovakia New Zealand
platform.
USA France South Africa Philippines
Venezuela Germany Spain Singapore
Greece Sweden Taiwan
Hungary Switzerland Thailand
Ireland Turkey
Israel UAE
Italy Ukraine
Kazakhstan United Kingdom
Kuwait

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 ORACLE DATA SHEET

How to read this Document

GLOBAL SOLUTIONS FROM ORACLE:
This document starts with a high level summary of the requirements supported for Austria,
With successful implementations of Oracle
E-Business Suite around the world, only organized by product family and functional category. The document then provides a detailed
Oracle offers the solutions that description of the requirements and the features available in E-Business Suite to support these
organizations need to adapt to local
requirements.
conditions while still managing globally.
Country specific capabilities for deep
localization, business processes that can
Overview
be adopted and used worldwide and The following tables highlight the functional categories for which Oracle E-Business Suite
centralized systems for managing your
offers country specific features in Austria: Payments, Statutory Accounting - Fiscal Book,
business on a worldwide scale make
Oracle E-Business Suite the right global Transaction Tax.
software platform to help your business
Functional Categories
compete and thrive in a global economy. Oracle Partner
for Financials
Payments √
Statutory Accounting - Fiscal Book √
Transaction Tax √

Austria Requirement Maps

The following tables list the key requirements supported in Oracle E-Business Suite for
Austria. The requirements are categorized into functional areas as shown below.

Financials
Payments
Payments
• Bank Statement loader
• Direct Debit
• Ability to net Payables and Receivables transactions
• Payment to a trading partner on behalf of original supplier
• Single Euro Payments Area (SEPA)

Statutory Accounting - Fiscal Book

Statutory Accounting - Fiscal Book
• Ability to execute 'Translation and Revaluation' as per
accounting standards
• Ability to maintain data according to the local time zone
• Document sequencing
• General Ledger Journal details with Sequencing Control

Transaction Tax
Transaction Tax
• European Sales Listing
• VAT Declaration
• VAT Reconciliation

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Austria Requirement Maps - Details

This section provides a detailed description of each requirement and the corresponding features.

1. Bank Statement loader

Requirement Name Bank Statement loader

Product Family Financials
The requirement is for being able to load bank statements into E-Business Suite.
Description
Functional Category Payments - Electronic Banking Integration
Requirement Type Business Practice

Feature Name Feature Description Delivery Type

Bank Statement Loader
2. Direct Debit
The purpose of 'CLE: Austrian Bank Statement Loader program' is Add-on Localization
to validate and load the Bank Statement data into the Bank
Statement Open Interface tables of the Oracle
Cash Management module. The import supports the loading of bank
statements in MT940 format complying with the Austrian Standards.
After the loading, the bank statements are imported into Oracle
Cash Management module by running the standard 'Bank
Statement Import' program.

Requirement Name Direct Debit

Product Family Financials
The requirement is produce a file to be sent to the bank for direct debit processing.
Description
Functional Category Payments - Payment Formats
Requirement Type Business Practice

Feature Name Feature Description Delivery Type

Direct debit Generic extract : "Funds Capture" in Payment, specific template to Global Capability
be created.
3. Ability to net Payables and Receivables transactions

Requirement Name Ability to net Payables and Receivables transactions

Product Family Financials
Where a company has both Payables and Receivables transactions with the same third party,
Description they may agree with that third party to settle the debt and liability amounts by off setting or
netting a selected number of Payables and Receivables transactions.
Functional Category Payments - Payment Methods
Requirement Type Business Practice

Feature Name Feature Description Delivery Type

Payables and Receivables The Payables and Receivables Netting feature allows: Global Capability
Netting - Netting agreements to be defined in order to identify the
transactions that may be selected for netting, and which suppliers
and customers can be netted
- Create the automatic Payables payments and Receivables
receipts at regular intervals for the Payables and Receivables
transactions matching the netting agreement.
4. Payment to a trading partner on behalf of original supplier

Requirement Name Payment to a trading partner on behalf of original supplier

Product Family Financials
Suppliers can require payment to be made to a related partner on their behalf. Payments made
Description to other trading partners on behalf of suppliers are termed 'third party payments'.
Functional Category Payments - Payment Methods
Requirement Type Business Practice

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Feature Name Feature Description Delivery Type

Payables - Third Party At the time of invoice entry or at the time of making the invoice Global Capability
Payments payment, the original supplier bank account can be overriden by the
trading parter bank account. In which case, the remittance of the
payment goes to the trading partner and it is treated as a payment to
the original supplier.
5. Single Euro Payments Area (SEPA)

Requirement Name Single Euro Payments Area (SEPA)

Product Family Financials
The SEPA (Single European Payments Area) represents a payment framework for Euro
payments and Euro collections, initiated by the EU member states. SEPA has been adopted by
34 countries, which includes the 28 European Union member countries, Iceland, Liechtenstein,
Description Monaco, Norway, San Marino and Switzerland. The European Payment Counsel (EPC) is the
SEPA coordination governmental body, on behalf of the European Union.
Effective February 1st, 2014, the SEPA payment framework will be in place. Local Euro
payment systems can no longer be used.
Functional Category Payments - Payment Methods
Requirement Type Legal Requirement

Feature Name Feature Description Delivery Type

IBAN (Internation Bank
Account Number) & BIC
(Bank Identifier Code
Support)
SEPA Credit Transfer (SCT)
SEPA Direct Debit (SDD) -
Core
6. Ability to execute 'Translation and Revaluation' as per accounting standards
When a bank account number is entered, IBAN is checked against Global Capability
Modulo-97 and country specific lenth valiidation is performed. The
length of BIC is also validated.
A SEPA Credit Transfer (SCT) is used to perform Euro credit Global Capability
transfers within the SEPA area. The supported SEPA Credit
Transfer process is based on the UNIFI (ISO 20022) message
standards and in accordance to the European Payment Council
(EPC) Rulebook version 5.0 and CGI guidelines.
SEPA Direct Debit (SDD) is a method of payment wherein the Global Capability
debtor (payer) authorizes the creditor (payee) to collect payments
from the debtor's bank account. A SEPA Mandate should be signed
and stored as a proof of authorization. The SEPA Direct Debit -
Core scheme supports B2C and B2B collections. The supported
SEPA Direct Debit – Core process is based on the UNIFI (ISO
20022) message standards and in accordance to the European
Payment Council (EPC) Rulebook version 5.0 and CGI guidelines.

Requirement Name Ability to execute 'Translation and Revaluation' as per accounting standards
Product Family Financials
Currency conversion, revaluation, remeasurement, and translation should be performed in
Description accordance with local and international accounting standards
Functional Category Statutory Accounting - Fiscal Book - Book Keeping Rules
Requirement Type Legal Requirement

Feature Name Feature Description Delivery Type

Foreign Currency General Ledger conforms to multiple national accounting standards, Global Capability
Translation & Revaluation including SFAS #52 (Statement of Financial Accounting Standards)
with regard to the translation, revaluation, and reporting of foreign
currency denominated balances.
7. Ability to maintain data according to the local time zone

Requirement Name Ability to maintain data according to the local time zone
Product Family Financials
User's expect to be able to enter and view dates/times in their own local time zone. Global
companies may submit their financial and statutory reporting using the local time zone of each
Description legal entity or using corporate time zone: a single, unified time-zone for their entire worldwide
operations.
Functional Category Statutory Accounting - Fiscal Book - Book Keeping Rules
Requirement Type Business Practice

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 ORACLE DATA SHEET

Feature Name Feature Description Delivery Type

Time Zone Support
8. Document sequencing
The Legal Entity Time Zone support gives the option to record Global Capability
transactions by referring to the time zone of the legal entity involved
rather than a single worldwide location. It means that you can for
example, select to have a rolling close, which allows you to close
periods in relation to the local date, or you can continue to use a
single world-wide reference when period close should take place.
With the "User preferred timezone" time zone feature each user can
specify their time zone preference, and the system will honor this
preference for display and entry of date with time fields in interactive
UIs (reports are excluded), while the data in the database continues
to be stored in the standard corporate time zone.

Requirement Name Document sequencing

Product Family Financials
Documents must be sequentially numbered per legal entity, category and range of dates to
Description support audit trail back to the original document.
Functional Category Statutory Accounting - Fiscal Book - Book Keeping Rules
Requirement Type Legal Requirement

Feature Name Feature Description Delivery Type

Document Sequencing
9. General Ledger Journal details with Sequencing Control
Oracle Financials allows numbering subledger documents and Global Capability
journal entries, always per ledger, by means of the following
sequences:
The document sequence allows numbering documents entered in
the subledger.
The accounting sequence allows numbering journal entries when
the journal entry is created.
The reporting sequence allows numbering journal entries by the
general ledger accounting period closing process.

Requirement Name General Ledger Journal details with Sequencing Control

Product Family Financials
Companies are required to sequence General Ledger Journals by posting date. The tax
Description authority requires companies to submit an audit report on request.
Functional Category Statutory Accounting - Fiscal Book - Statutory Accounting reports
Requirement Type Legal Requirement

Feature Name Feature Description Delivery Type

GL Journal Details Report t
(Sequencing Control)
10. European Sales Listing
The requirement is to be able to verify that the GL journals are in Add-on Localization
sequence by journal posting date.
The 'Journal Details Report' helps users in verifying that the journals
are sequenced by posted date, as per the prevailing legal
requirement. To aim at the correct sequencing of journals, the GL
accounting sequence is setup to generate the sequence at time of
journal posting. The report can be generated daily or for a range of
posting dates and it shows all details of the sequenced journals.

Requirement Name European Sales Listing

Product Family Financials
The European Sales Listing is the declaration of goods and services that are sold within the
European Union to other VAT Registered Customers in other European Union member
Description states.The EU Member States must provide a Services Recapitulative Statement (also known
as European Sales Listing for Services) for supplies of taxable services that are subject to the
reverse charge (Directive 2008/08/EC).
Functional Category Transaction Tax - Movement of Goods
Requirement Type Legal Requirement

Feature Name Feature Description Delivery Type

European Sales Listing The CLE: European Sales Listing Report is used to display the Intra Global Capability

6

Feature Name
(ESL) Reporting
11. VAT Declaration
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Feature Name
Austrian VAT Statutory
Report
12. VAT Reconciliation
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Feature Name
Austrian VAT Reconciliation
Report
VAT Reconciliation
Additional Report
ORACLE DATA SHEET
Feature Description Delivery Type
EU (services), goods, or triangulation transactions in European
Union (EU) member states other than your own as per legislation.
Businesses registered for VAT who sell or move goods to other
businesses registered for VAT in other European Union (EU)
member states, must record and report details of such purchase
activities.
The report must be submitted to the tax authorities on a monthly or
quarterly basis; the European Sales Listing lists intra EU deliveries
from other VAT payers, totalized by tax identification number and
supply code.
VAT Declaration
Financials
In Austria there is a the requirement to periodically report
VAT amounts as well as to report all exceptions for VAT
transactions that do not reconcile.
Transaction Tax - VAT
Legal Requirement
Feature Description Delivery Type
Once the reconciliation process is completed, posted VAT amounts Add-on Localization
are reported to tax authority using 'CLE: Austrian VAT Statutory
Report'. This report shows the Taxable Amount or Tax amounts as
appropriate for each tax category under U30 Tax Submission
format.
VAT Reconciliation
Financials
Tax authorities require companies to verify the relationship between taxable amounts and
related taxes for Output Tax. The amounts shown in General Ledger have to be the same as
the amounts reported to the Tax authorities for later auditing.
Transaction Tax - VAT
Business Practice
Feature Description Delivery Type
The 'Austrian VAT Reconciliation Report' helps Austrian user to Product Localization
adress this requirement by showing taxable transactions in Oracle
Payables, Oracle Receivables and Oracle General Ledger and helps
Austrian users to make the VAT reconciliation as per Austrian
common business practice. The 'Austrian VAT Reconciliation
Report' helps shows all taxable transactions related to the according
reporting period and highlights transactions that have differences.
The VAT Reconciliation Additional Report helps to identify tax Add-on Localization
discrepancies specifically on Output Tax. These discrepancies
mainly include the turnovers not taxed and taxes not related to any
turnovers. This information helps in reconciling total posted tax and
tax applied on revenue or expenditures.
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 ORACLE DATA SHEET

Detailed documentation information on product localizations and global capabilities is

available here.

Additional information on localizations, internationalizations and translations is

available here.

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Please note that Country Specific Features Data Sheets for Oracle products provide a brief introduction to country requirements for
the applicable Oracle products, and the features of the applicable Oracle products that may be delivered by Oracle in support of
those requirements, when you acquire such products. The data sheets do not provide an exhaustive, detailed guide for features
and do not provide implementation, support, consulting or any other services or considerations. For additional details, please see
the appropriate product implementation guides. In order to more fully understand features and implementation details, and to
assess specific circumstances, please engage with the appropriate local Oracle Consulting Services organization. Please note that
not all Add-on localizations are available for 12.2.5. Information on availability of Oracle E-Business Suite R12.2 Add-on
localizations is available in MOS Note ID 1491965.1

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