Professional Documents
Culture Documents
Financials
Release 12.1 and 12.2 (inclusive of 12.0.2 – 12.0.7)
1. Disclaimer 1
2. Introduction 2
2.1. Purpose of Document 2
3. New and Changed Features in Financials 3
3.1. Oracle Advanced Global Intercompany System (AGIS) 3
3.1.1. Release 12.1.2 3
3.1.1.1. Purge Rejected Intercompany Batches from Interface Table 3
3.2. Oracle Advanced Collections 3
3.2.1. Release 12.1.1 3
3.2.1.1. Customer Dispute Enhancement 3
3.2.1.2. Customer Level Bankruptcy 3
3.2.1.3. Status Assignment at Case and Contract Level 3
3.2.2. Release 12.1.2 4
3.2.2.1. Multiple Level Collections Strategy Management 4
3.2.3. Release 12.1.3 4
3.2.3.1. Staged Dunning 4
3.2.4. Release 12.2.3 4
3.2.4.1. Ability to place a hold on Collection Strategy 4
3.2.5. Release 12.2.4 4
3.2.5.1. Auto Reassignment of Work Items upon change in Collector 4
3.2.5.2. Metrics by Operating Unit 5
3.3. Oracle Assets 5
3.3.1. Release 12.1.3 5
3.3.1.1. Asset Impairment for Japan Tax Reform 2007 5
3.4. Oracle Cash Management 5
3.4.1. Release 12.1.1 5
3.4.1.1. International Bank Account Number (IBAN) Support 5
3.4.1.2. Bank Identifier Code (BIC) Support 5
3.4.1.3. Payment Group based Bank Statement Reconciliation 6
3.4.2. Release 12.1.2 6
3.4.2.1. Option to Override Country-Specific Validation for Bank Accounts 6
3.4.2.2. EDIFACT Bank Statement Format Update 6
3.4.2.3. Copy Bank Transaction Codes 6
3.4.2.4. Load Bank Statements for the Current Day 7
3.4.3. Release 12.1.3 7
3.4.3.1. Manual Entry in Cash Position 7
3.5. Oracle Credit Management 7
3.5.1. Release 12.1.3 7
3.5.1.1. Configurable Analyst Assignment Rules 7
3.6. Oracle E-Business Tax 7
3.6.1. Release 12.2 7
3.6.1.1. Customer Tax Information Import 7
ii
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
3.6.1.2. New Condition Set Operators for Tax Rules 8
3.7. Oracle Environmental Accounting & Reporting 8
3.7.1. Release 12.1.3 8
3.7.1.1. Capture of Energy Usage and Environmental Data 8
3.7.1.2. Emission Sources, Scopes and Factors 8
3.7.1.3. Calculation and Classification of Greenhouse Gas Emissions 9
3.7.1.4. Environmental Ledger 9
3.7.1.5. Flexible Reporting and Organizational Structures 9
3.7.1.6. Pre-Built Analytics and Dashboard with Dynamic User Interaction 9
3.7.1.7. User-Defined Key Performance Indicators 10
3.7.1.8. Target and Threshold Definition 10
3.7.1.9. Using WebADI to Import Setup Data 10
3.7.2. Release 12.2 10
3.7.2.1. Updated Carbon Disclosure Project Report 10
3.7.2.2. Enhanced Performance Dashboards 10
3.7.2.3. Enhanced Key Performance Indicators 11
3.7.3. Release 12.2.3 11
3.7.3.1. Water and Waste Dashboards 11
3.7.3.2. Carbon Permit Management 11
3.7.4. Release 12.2.4 11
3.7.4.1. Integration with Oracle Property Manager 11
3.7.4.2. Source and Item Unit of Measure Conversion 12
3.7.4.3. Organizations Targets for Emission, Energy and Usage 12
3.7.4.4. Enhanced Energy Dashboard 13
3.8. Oracle Financials Common Modules 13
3.8.1. Release 12.2 13
3.8.1.1. Scheduling of AP/AR Netting Batches 13
3.9. Oracle Financials for Americas 13
3.9.1. Release 12.2.3 13
3.9.1.1. Brazilian CFOP – Derivation and Defaulting 13
3.9.2. Release 12.2.4 14
3.9.2.1. NBS – Brazilian Nomenclature of Services, Intangibles and Others 14
3.10. Oracle Financials for EMEA 14
3.10.1. Release 12.0.3 14
3.10.1.1. Assets and Payments XML Publisher Report Extracts 14
3.10.2. Release 12.0.4 14
3.10.2.1. XML Publisher Report Extracts: Cash Management, General Ledger, Subledger Accounting, Receivables,
Bill Presentment, Payables, Regional Localization, and Financial Common Modules 14
3.10.2.2. United Kingdom Charges Value Add Tax (VAT) 14
3.10.3. Release 12.1.1 15
3.10.3.1. Business Intelligence Publisher Support for Select EMEA Reports 15
3.10.3.2. Enhanced Statutory Report Extracts for Italy 15
3.10.4. Release 12.2.3 15
3.10.4.1. Enhance Tax Reporting 15
3.10.4.2. Italian Journal Ledger Report 16
3.10.5. Release 12.2.4 16
3.10.5.1. French File of Accounting Entries (FEC) 16
3.10.5.2. Italian Polyvalent Declaration 17
3.10.5.3. Norwegian GEI-S Report 17
3.10.5.4. New 2012 Portuguese Certification Requirements 17
3.11. Oracle Financials for India 18
3.11.1. Release 12.0.3 18
3.11.1.1. Statutory Updates for India 18
3.11.2. Release 12.0.4 18
3.11.2.1. Statutory Updates for India 18
3.11.3. Release 12.1.1 19
3.11.3.1. Fringe Benefit Tax Support 19
iii
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
3.11.3.2. Inclusive Tax Support 19
3.11.3.3. Retroactive Pricing Support 19
3.11.3.4. Payables Invoices Support for India 19
3.11.4. Release 12.1.2 19
3.11.4.1. Advanced Pricing Support for India 19
3.11.4.2. Tax Information on Purchase Order Workflow Notification for India 19
3.11.4.3. Reassessing Service Tax on Receipt of Foreign Payments for India 19
3.11.5. Release 12.1.3 20
3.11.5.1. Descriptive Flex Field (DFF) Support 20
3.11.5.2. Display of Value Added Tax (VAT) Invoice Number in Receivables Transaction Workbench for India20
3.11.5.3. General Ledger Journal Drill-Down Support 20
3.11.6. Release 12.2 20
3.11.6.1. Enhanced Bill of Entry Functionality 20
3.11.6.2. Tax Import to Receivables and Payables 20
3.11.7. Release 12.2.2 20
3.11.7.1. Re-architecture of TDS Changes and Code Integration Points 20
3.11.7.2. Performance Improvement for Creditors Ledger Reports 20
3.12. Oracle General Ledger 21
3.12.1. Release 12.1.1 21
3.12.1.1. Enhanced Financial Statement Generator Reporting to Display Content Set Values 21
3.12.2. Release 12.1.2 21
3.12.2.1. Enhanced Financial Statement Generator Reporting to Support Drill-down for Non-Contiguous Account
Ranges 21
3.12.2.2. Streamlined Excel-based Financial Statement Publishing 21
3.12.3. Release 12.1.3 21
3.12.3.1. Synchronize Reversing Journals between Primary and Secondary Ledgers 21
3.12.3.2. Limit Accounts in Budget Wizard 21
3.12.4. Release 12.2 22
3.12.4.1. E-Business Suite General Ledger Integration with the Fusion Accounting Hub 22
3.12.4.2. Data Relationship Management (DRM) Integration with E-Business Suite 22
3.12.5. Release 12.2.4 22
3.12.5.1. WebADI Control Account Usage Restriction 22
3.12.5.2. Share Allocation Formula across Ledger Currencies 22
3.13. Oracle Internet Expenses 22
3.13.1. Release 12.1.2 22
3.13.1.1. Access Expense Attachments from Invoice 22
3.13.1.2. Support Receipts Required for Mileage Category 23
3.13.1.3. Archive and Purge of Expense Reports 23
3.13.1.4. Read-Only Access to Per Diem and Mileage Details in Audit 23
3.13.1.5. AMEX Loader Option to Not Load Payment Transactions 23
3.13.2. Release 12.1.3 23
3.13.2.1. Expense Receipt Management Enhancements 23
3.13.2.2. Duplicate Expense Detection 23
3.13.2.3. Oracle Fusion Expenses iPhone Application for Oracle Internet Expenses 23
3.14. Oracle iReceivables 24
3.14.1. Release 12.2.3 24
3.14.1.1. Registration History and Payment Audit History 24
3.15. Oracle iReceivables Extensions for Oracle Endeca 24
3.15.1. Release 12.1.3.4 24
3.15.1.1. iReceivables Integration with Endeca V4.0 24
3.16. Oracle iSetup 24
3.16.1. Release 12.0.3 24
3.16.1.1. iSetup APIs 24
3.17. Oracle Legal Entity Configurator 25
3.17.1. Release 12.1.3 25
3.17.1.1. Enhanced Legal Addresses 25
iv
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
3.18. Oracle Loans 25
3.18.1. Release 12.1.2 25
3.18.1.1. Process Application Fees without Loan Approval 25
3.18.1.2. Ad-hoc Billing and Receipt Application 25
3.18.1.3. Loan Forgiveness 26
3.18.2. Release 12.1.3 26
3.18.2.1. Multiple Disbursements during Loan Servicing 26
3.18.3. Release 12.2.3 26
3.18.3.1. Support Changes in Repayment Frequency of Principal and Interest 26
3.19. Oracle Payables 27
3.19.1. Release 12.1.1 27
3.19.1.1. Enhanced Withholding Tax Calculation for Brazil 27
3.19.1.2. Discount Calculation Enhancements 27
3.19.1.3. Subcontractor Management for Engineering and Construction 27
3.19.1.4. Supplier Dispute Processing 27
3.19.1.5. Third Party Payments 27
3.19.1.6. Business Intelligence Publisher Support for Selected Payables Reports 27
3.19.2. Release 12.1.2 28
3.19.2.1. Replace Supplier Bank Accounts on Invoices 28
3.19.2.2. Change Taxes from Inclusive to Exclusive Online 28
3.19.3. Release 12.2.4 28
3.19.3.1. Parallel Approval of Supplier Invoices 28
3.20. Oracle Payables Extension for Oracle Endeca 28
3.20.1. Release 1.2.3.4+ 28
3.20.1.1. Payables Integration with Endeca 28
3.21. Oracle Payments 29
3.21.1. Release 12.0.3 29
3.21.1.1. Master Card ‘S’ Record Compliance 29
3.21.1.2. Visa Compliance Table / Discover Qualification Table for FDC 29
3.21.1.3. Amex CAPN Enhancement 29
3.21.1.4. FDC Servlet Load Balancing 29
3.21.2. Release 12.0.6 29
3.21.2.1. Multiple Divisions per Settlement Batch Enhancement 29
3.21.2.2. Paymentech Certification 30
3.21.2.3. Single Euro Payments Area (SEPA) Credit Transfer Initiation Messages 30
3.21.3. Release 12.1.1 30
3.21.3.1. Single Euro Payments Area (SEPA) Support 30
3.21.3.2. Paymentech Integration Certification 30
3.21.3.3. Positive Pay File with Additional Parameters 30
3.21.4. Release 12.1.2 30
3.21.4.1. PA-DSS for Credit Card Processing 30
3.21.5. Release 12.2 31
3.21.5.1. Payment Acknowledgement Import 31
3.21.6. Release 12.2.4 31
3.21.6.1. ISO 20022 Direct Debit 31
3.21.6.2. ISO 20022 Direct Debit - Multiple Mandates per Debtor Account 31
3.21.6.3. SEPA Credit Transfer - Exception Handling 31
3.21.6.4. International Bank Account Number (IBAN) Support 31
3.22. Oracle Public Service Financials International 32
3.22.1. Release 12.0.3 32
3.22.1.1. Uptake of Construction Industry Scheme and Dossier Functionality 32
3.22.2. Release 12.0.4 32
3.22.2.1. Extension of Oracle Financials Functionality 32
3.22.2.2. Inflation Account for Assets 32
3.22.3. Release 12.0.6 32
3.22.3.1. Contract Commitments Integration with Self Service Purchasing 32
3.22.4. Release 12.2 33
3.22.4.1. Construction Industry Scheme (CIS): Exclusion of Out of Scope Contract Invoices in Monthly Returns
Reporting 33
3.23. Oracle Receivables 33
3.23.1. Release 12.1.1 33
3.23.1.1. Cash Application Work Queue 33
3.23.1.2. Enhanced Line Level Cash Application 33
3.23.1.3. Enhanced Performance for High Volume Receivables Processing 33
3.23.1.4. Golden Tax Adaptor Enhancements for Mainland China 34
3.23.1.5. Business Intelligence Publisher Support for Selected Receivables Reports 34
3.23.2. Release 12.1.2 34
3.23.2.1. Default Customer Bank Account Information on Unidentified Receipts 34
3.23.2.2. Enhanced Aging Report to Support Multi-Fund Accounts Receivables 34
3.23.3. Release 12.2.2 35
3.23.3.1. Review and Manage Accounting Exceptions during Period Close 35
3.23.3.2. Automate Auto Lockbox Processing 35
3.23.3.3. Assign Customers to Unidentified Receipts using API 35
3.23.3.4. Golden Tax Adaptor Enhancement for Mainland China 35
3.23.4. Release 12.2.4 36
3.23.4.1. Mask Tax Payer Identification and Tax Registration Number 36
3.23.4.2. Recognize Revenue Based on Fair Market Value with Fusion Revenue Management Integration 36
3.23.4.3. Support Querying and Consolidating for Golden Tax Transactions by Sale Order Number 36
3.24. Oracle Receivables Extensions for Oracle Endeca 36
3.24.1. Release 12.1.3.4 36
3.24.1.1. Receivables Integration with Endeca V4.0 36
3.24.2. Release 12.1.3.4+ 37
3.24.2.1. Receivables Integration with Endeca 37
3.25. Oracle Subledger Accounting 37
3.25.1. Release 12.0.3 37
3.25.1.1. Supporting References 37
3.25.2. Release 12.1.1 38
3.25.2.1. Historical Data Initialization for New Reporting Currencies and Secondary Ledgers 38
3.25.3. Release 12.1.2 38
3.25.3.1. Accounting Rules Detail Report and Enhanced Subledger Accounting Online Inquiry 38
3.25.3.2. Accounting Data On-Demand Upgrade by Subledger 38
3.25.4. Release 12.1.3 39
3.25.4.1. New Control Accounts Qualifier 39
3.26. Oracle Treasury 39
3.26.1. Release 12.1.2 39
3.26.1.1. International Bank Account Number (IBAN) Support for Counterparty Bank Accounts 39
3.26.2. Release 12.1.3 39
3.26.2.1. Reconcile Treasury Transactions of all Deal Types 39
3.27. Oracle U.S. Federal Financials 39
3.27.1. Release 12.1.2 39
3.27.1.1. Enhanced Delinquency Processing 39
3.27.2. Release 12.1.3 40
3.27.2.1. Updates to Year-End Close Processing 40
3.27.2.2. Extract File Changes for Central Contractor Registration (CCR) 40
3.27.3. Release 12.2 40
3.27.3.1. Common Government-wide Accounting Classification (CGAC) Configuration 40
3.27.4. Release 12.2.3 41
3.27.4.1. Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Processing 41
3.27.4.2. Enhanced Intra-Governmental Payment and Collection (IPAC) Processing 41
3.27.5. Release 12.2.4 41
3.27.5.1. Capture of BETC, Trading Partner TAS, and Trading Partner BETC Attributes 41
3.27.5.2. Intra-governmental Payment and Collection (IPAC) Enhancements 42
3.27.5.3. Payment Automation Manager (PAM) Interface Enhancements 42
3.27.5.4. Secure Payment System (SPS) Interface Enhancements 42
3.27.5.5. System for Award Management (SAM) Interface Enhancements 43
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Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
3.28. Tax, Legal and Regulatory Updates 43
3.28.1. Overview 43
3.28.2. Release 12.0.3 43
3.28.2.1. China National Accounting Office (CNAO) Support 43
3.28.2.2. Japan: Depreciable Assets Tax Report 43
3.28.3. Release 12.0.4 44
3.28.3.1. United States: Form 1099 Legislative Updates 44
3.28.4. Release 12.1.1 44
3.28.4.1. Brazil: Fiscal SPED – Support for Fiscal Book Generation and Electronic Invoice Integration 44
3.28.4.2. Japan: Asset Depreciation Enhancements for Japan Tax Reform Act of 2007 45
3.28.4.3. United Kingdom: Reverse Charge VAT 45
3.28.5. Release 12.1.2 46
3.28.5.1. Argentina: Turnover Tax Withholding/Perception Regimes 46
3.28.5.2. Brazil: Federal SPED Regulation - Accounting SPED 47
3.28.5.3. China: Golden Tax Adapter Enhancements 48
3.28.5.4. Italy: Annual VAT Extract 48
3.28.5.5. Italy: Annual Withholding Extract 48
3.28.5.6. Japan: Enhanced Support for Tax Reform 2007/2008 49
3.28.5.7. Spain: VAT Legislation: Modelo 340 Informative Declaration 50
3.28.5.8. Spain: VAT Legislation: Modelo 347 Domestic Transactions Turnover Report Changes 50
3.28.5.9. Spain: VAT Legislation: Modelo 415 Canary Island Turnover Report Changes 50
3.28.5.10. Spain: Changes to Taxpayer ID Validation 50
3.28.5.11. United Kingdom: Support for Revaluations and Impairments per Statement of Recommended Practice for
United Kingdom Local Authority Accounting 51
3.28.5.12. U.S. Federal: New FACTS II Edit Checks and File Layout Changes 51
3.28.5.13. U.S. Federal: Enhanced Central Contractor Registration (CCR) Processing 51
3.28.5.14. Global: Support for Asset Impairment in Accordance with International Accounting Standard 36 51
3.28.5.15. Global: Year End Closing Process 52
3.28.6. Release 12.1.3 52
3.28.6.1. Argentina: Support for Argentina Simplified Regime (Monotributo) 52
3.28.6.2. Belgium: Annual VAT Report File Format v1.3 52
3.28.6.3. Brazil: Support for Brazilian Electronic Collection Document Process (DDA) 53
3.28.6.4. China: Support for Version 2 of the China Accounting Software Data Interface Standard 53
3.28.6.5. India: Enhanced Value Added Tax (VAT) Functionality to Support Flexible Recovery Schedule for India
53
3.28.6.6. India: Value Added Tax (VAT) Statutory Accounting and Reporting for Non-Shippable Items 53
3.28.6.7. Israel: Israel VAT Report Enhancement 53
3.28.6.8. Israel: Withholding Tax File – 856 54
3.28.6.9. U.S. Federal: Extract File Changes for Central Contractor Registration (CCR) 55
3.28.6.10. U.S. Federal: Regulatory Updates to Statement of Budgetary Resources 55
3.28.6.11. U.S. Federal: Regulatory Updates to SF-133 Report 55
3.28.6.12. Global: European Community VAT Changes for 2010 55
3.28.7. Release 12.2 56
3.28.7.1. Brazil: Federal SPED Regulation – Accounting SPED Updates 56
3.28.7.2. Brazil: Fiscal SPED – Electronic Invoice Layout Update (Manual 4.01) 56
3.28.7.3. Brazil: Fiscal SPED – Support for PIS/COFINS (EFD-Digital Fiscal Bookkeeping) 56
3.28.7.4. Israel: Combined VAT File (Ichud Oskim) 57
3.28.7.5. Israel: Withholding Tax File – 856 (Legal Changes 2010) 57
3.28.7.6. Portugal: Billing Software Certification 58
3.28.7.7. Spain: VAT Legislation: Modelo 349 ESL/EPL Changes 58
3.28.7.8. United Kingdom: Local Authority Revaluation and Impairment 58
3.28.7.9. U.S. Federal: New FACTS II Edits 59
3.28.8. Release 12.2.2 59
3.28.8.1. Belgium: Belgian VAT Annual Return Report Legal Changes 2012 59
3.28.8.2. China: China Accounting Software Data Interface Banking Standard 60
3.28.8.3. India: NSDL eTDS and eTCS Returns 60
3.28.8.4. India: TCS Product Impact Support 60
3.28.8.5. India: Service Tax Reverse Charge Mechanism 61
3.28.8.6. Russia: Enable Revaluation at Year End 61
3.28.8.7. United Kingdom: Modulus Check Validations for Bank Accounts in the United Kingdom 61
vii
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
3.28.9. Release 12.2.3 61
3.28.9.1. Brazil: Resolution 13 – Import Content Attributes 61
4. New and Changed Features in Real Estate Management 63
4.1. Oracle Property Manager 63
4.1.1. Release 12.1.1 63
4.1.1.1. New Lease Statuses 63
4.1.1.2. Lease Extension Enhancements 63
4.1.1.3. Tenancy Extension and Contraction 63
4.1.1.4. Assignment Occupancy Percent Determined by Attribute on Tenancy 63
4.1.1.5. Multiple Schedules for Same Schedule Day 63
4.1.1.6. Prorating the Billing/Payment Amount based on a New Start Day Field 64
4.1.1.7. Breakpoint Flexibility 64
4.1.1.8. Updating Breakpoints 64
4.1.1.9. Natural Breakpoint Enhancements 64
4.1.1.10. Early Termination of Agreement or Lease 64
4.1.1.11. Extension of Variable Rent Agreements 64
4.1.1.12. New Calculation Methods 64
4.1.1.13. New Partial Year Calculation Methods 65
4.1.1.14. Month-to-Month Roll Forward of Variable Rent Agreements 65
4.1.1.15. Enhancement to Cumulative Calculation Method 65
4.1.1.16. Allowances and Abatements 65
4.1.1.17. Carry Forward of Excess Abatement as Negative Rent 66
4.1.1.18. Constraints 66
4.1.1.19. Updating Volumes 66
4.1.1.20. Additional Frequency Attribute 66
4.1.1.21. Streamlining of Adjustments 66
4.1.1.22. Form Enhancements 66
4.1.1.23. Display of Calculation Results 66
4.1.1.24. Variable Rent Templates 66
4.1.1.25. Term Template Enhancements 67
4.1.1.26. Processing by Property 67
4.1.1.27. Improved Variable Rent Report 67
4.1.1.28. Early Termination of Rent Increase Agreements 67
4.1.1.29. Extension of Rent Increase Agreements 67
4.1.1.30. Month-to-Month Roll Forward 67
4.1.1.31. Index Multiplier 67
4.1.1.32. Proration 67
4.1.1.33. Term Length 67
4.1.1.34. Include/Exclude Option 67
4.1.1.35. Recurring Backbill Terms 68
4.1.1.36. Rent Increase Report 68
4.1.1.37. Create Operating Expense Agreement 68
4.1.1.38. Enter and Maintain Estimated Payment Terms 68
4.1.1.39. Reconciliation 68
4.1.1.40. Operating Expense Agreement Dashboard 69
4.1.2. Release 12.1.3+ 69
4.1.2.1. Business Event Workflow and Status Update 69
4.1.2.2. Lease and Terms APIs 69
4.1.2.3. Variable Rent and Breakpoint APIs 69
4.1.2.4. Index Rent APIs 70
4.1.2.5. Operating Expense Support for Advance Payments 70
4.1.2.6. Normalization Support for Multiple Amendments and Partial Periods 70
4.1.2.7. Variable Rent Agreement Invoice Date Derivation 70
4.1.2.8. GL Date Derived from Period Name 70
4.1.2.9. Rent Normalization for Mid-Month Proration 70
4.1.3. Release 12.2 70
4.1.3.1. Override Variable Rent Calculations Client Extensions 70
viii
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document
1. Disclaimer
This Release Content Document (RCD) describes product features that are proposed for
the specified releases of the Oracle E-Business Suite. This document describes new or
changed functionality only. Existing functionality from prior releases is not described. It
is intended solely to help you assess the business benefits of upgrading to the specified
release of the Oracle E-Business Suite.
This document in any form, software or printed matter, contains proprietary information
that is the exclusive property of Oracle. Your access to and use of this confidential
material is subject to the terms and conditions of your Oracle Software License and
Service Agreement, which has been executed and with which you agree to comply. This
document and information contained herein may not be disclosed, copied, reproduced or
distributed to anyone outside Oracle without prior written consent of Oracle. This
document is not part of your license agreement nor can it be incorporated into any
contractual agreement with Oracle or its subsidiaries or affiliates.
This document is for informational purposes only and is intended solely to assist you in
planning for the implementation and upgrade of the product features described. It is not a
commitment to deliver any material, code, or functionality, and should not be relied upon
in making purchasing decisions. The development, release, and timing of any features or
functionality described in this document remains at the sole discretion of Oracle.
Due to the nature of the product architecture, it may not be possible to safely include all
features described in this document without risking significant destabilization of the code.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Purpose of Document 1
2. Introduction
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Purpose of Document 2
3. New and Changed Features in Financials
This feature has also been back-ported to 12.0 via the standalone patch:
8522751:R12.IEX.A.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Advanced Global Intercompany System (AGIS) 3
3.2.2. Release 12.1.2
Collections managers are now able to plan and manage collections strategies that support
their unique business requirements where strategies must be executed at different
operating units, groups of customers or specific customers. Collections agents can view
strategies at different levels on their work queue and on the strategy tab. Delinquent
customers are managed at the business level most appropriate to their business model.
Additionally, background processes including collections and strategy management can
now be executed at different levels concurrently.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Advanced Collections 4
This feature has also been back-ported to 12.1.3 via the standalone patch:
17043270:R12.IEX.B.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Assets 5
3.4.1.3. Payment Group based Bank Statement Reconciliation
Oracle Cash Management now utilizes the new Payment Group Number attribute as an
optional matching criterion for manual and automated reconciliation of bank statements.
This feature has also been back-ported to 12.0.6 via the standalone patch:
7552541:R12.IBY.A.
• Support for non-numeric characters in bank balances. The opening and closing
balance amounts sent in the EDIFACT statements contain non-numeric
characters. The bank statement loader and import program is enhanced to
convert the non-numeric characters into numeric values.
• Support loading and importing the Record 05. The current seeded loader is
enhanced to handle the record type 05. This additional record is defined as part
of the EDIFACT standard and contains the contextual information of Record 04.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Cash Management 6
3.4.2.4. Load Bank Statements for the Current Day
In previous releases, users could only import bank statements and perform bank balance
maintenance for past dates. Users can now enter or import bank statements and perform
bank balance maintenance for the current date.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Credit Management 7
3.6.1.2. New Condition Set Operators for Tax Rules
Users now have the ability to define rules to calculate taxes using null transaction
attributes. Two new operators, ‘Null’ and ‘Not Null’ are available to specify whether a
transaction attribute is allowed to be null during tax calculations.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Environmental Accounting & Reporting 8
3.7.1.3. Calculation and Classification of Greenhouse Gas Emissions
Oracle Environmental Accounting and Reporting provides the built-in mechanisms for
calculating emissions and classifying them as Scope 1, 2, or 3 using the Greenhouse Gas
Protocol guidelines published by the World Resources Institute. The Emissions
Calculation Engine uses the collected usage data to calculate the relevant emissions using
seeded formulas based on the energy and emission factors setup for the emission sources.
This enables organization to accurately communicate greenhouse gas emissions and other
environmental impacts to constituents including regulators, customers, shareholders and
employees.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Environmental Accounting & Reporting 9
3.7.1.7. User-Defined Key Performance Indicators
Oracle Environmental Accounting and Reporting enables organizations to create and
modify standard and custom industry-specific key performance indicators (KPIs) to
measure performance and monitor key environmental metrics such as energy, waste, and
water. Users can normalize data to operational metrics and use a drag-and-drop
environment in OBIEE to create custom reports. Examples of these KPIs are energy
usage per square foot, water usage by employee, etc. Using these metrics organizations
can benchmark and affect behavioral change to reduce environmental impacts in the
relative context of the organization’s growth.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Environmental Accounting & Reporting 10
3.7.2.3. Enhanced Key Performance Indicators
Oracle Environmental Accounting and Reporting enables organizations to create and
modify standard and custom industry-specific key performance indicators (KPIs) to
measure performance and monitor key environmental metrics such as energy, waste, and
water. Users can normalize data to operational metrics and use a drag-and-drop
environment in OBIEE to create custom reports. In the 12.2 release it is now possible to
set a threshold in the KPI Metrics history page highlighting to users whether the
organization is performing above, below or in-line with the targets so that corrective
actions can be taken as needed to successfully execute on the organization’s sustainability
initiatives.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Environmental Accounting & Reporting 11
3 Property
4 Building
5 Floor
6 Office
The information brought across from Property Manager for these entities includes any
associated tenure, disposition, area, and headcount data and are displayed in the ‘Property
Details’ tab for each Environmental Organization. These property details are
synchronized over time to capture any ongoing changes that are made in Property
Manager.
A new setup feature called 'Property Types' maintains a mapping between the Property
Types in Property Manager and the Organization Types maintained in Environmental
Accounting & Reporting.
For organizations that do not use Oracle Property Manager the property details can be
entered directly in Environmental Accounting & Reporting for each Environmental
Organization.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Environmental Accounting & Reporting 12
3.7.4.4. Enhanced Energy Dashboard
The existing energy dashboard has been enhanced to include four additional tabs,
namely: Summary, Energy by Scope, Energy by Source, and Energy by Organization
Type. The existing tab has been renamed to Energy by Organization.
The Summary tab now displays two reports: (i) Energy History displaying a graphical
representation of the history of the energy consumed by the organization and (ii) Energy
by Year showing the energy consumed by an organization for a specific period.
The Energy by Scope dashboard displays a graphical representation of the energy usage
of an organization by Scope 1, Scope 2 and Scope 3 as per the Greenhouse Gas Protocol.
The Energy by Source page displays a graphical and tabular representation of the energy
consumed by the organization for each of the environmental sources.
The Energy by Organization Type dashboard presents reports showing the energy usage
broken down by the organizational levels based on the Organization Type.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials Common Modules 13
3.9.2. Release 12.2.4
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for EMEA 14
3.10.3. Release 12.1.1
The EMEA VAT Reporting Entities Setup window and following reports have been
modified to support this reporting:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for EMEA 15
Release Patch Number My Oracle Support Knowledge
Document
12.0.6 16387862:R12.JE.A 1563349.1
12.1.x 16387862:R12.JE.B 1563349.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for EMEA 16
3.10.5.2. Italian Polyvalent Declaration
On August 2nd, 2013, the Italian Revenue Agency published the Provision 2013/94908.
The new legislation requires that all Italian taxable subjects identified for VAT provide
an electronic list of issued and received invoices.
The Italian Polyvalent Declaration feature is now available within Oracle Financials for
Europe (Italy).
The Italian Polyvalent Declaration generates the following Declaration Types in
´Detailed´ transmission mode:
• Restricted Countries Transactions List Declaration (i.e. Black List)
• The Republic of San Marino Purchases Declaration
• Customers and Suppliers Listing Declaration.
This feature has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 18120411 1613490.1
12.0.6 18068117:R12.JE.A 1613490.1
12.1.x 18068117:R12.JE.B 1613490.1
12.2.x 18068117:R12.JE.C 1613490.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for EMEA 17
Oracle Financials for Portugal has been updated to comply with this legislative
requirement.
The update provides the following:
• Ability to import and store externally signed invoices (including the e-
Signature and related elements)
• Ability to import and store a link to the Original Transaction in the Legacy
System
• Enable Flow Validations for Imported and Signed Invoices (e.g. prevent
transactions to be in-completed and/or updated).
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 17438984 1597808.1
12.0.6 17499846:R12.JE.A 1597808.1
12.1.x 17499846:R12.JE.B 1597808.1
12.2.x 17499846:R12.JE.C 1597808.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for India 18
3.11.3. Release 12.1.1
Additionally, users can modify the tax amount, precedence, vendor, and vendor site
information at the time of approval.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for India 19
3.11.5. Release 12.1.3
3.11.5.2. Display of Value Added Tax (VAT) Invoice Number in Receivables Transaction
Workbench for India
The VAT Invoice number is now displayed within the reference field of Receivables
Transaction Workbench. This simplifies the process of matching receipt of payments
against a VAT invoice.
The tax invoice generation on Shipment feature is seamlessly integrated with Shipment
event.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Financials for India 20
3.12. Oracle General Ledger
3.12.1. Release 12.1.1
The Budget Wizard now allows users to use low and high values for one or more
segments in the account range.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle General Ledger 21
3.12.4. Release 12.2
3.12.4.1. E-Business Suite General Ledger Integration with the Fusion Accounting Hub
E-Business Suite (EBS) General Ledger integration with the Fusion Accounting Hub
allows users to take advantage of new Fusion General Ledger capabilities, such as
embedded Essbase integration with real-time analytics.
Using the Fusion General Ledger for financial reporting has several advantages:
This integration includes a program that creates and transfers Fusion journals to record
EBS period balances, and the ability to drill-down from Fusion to EBS. When balances
are transferred, it is possible to apply mappings to update EBS General Ledger period
and/or the account values.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Internet Expenses 22
enables the payables person to access the attachment from Invoice without having to use
Internet Expenses responsibilities and efficiently execute audits.
3.13.2.3. Oracle Fusion Expenses iPhone Application for Oracle Internet Expenses
Oracle Fusion Expenses iPhone application is now enabled for Oracle Internet Expenses
release 12.1.3 and above. The Oracle Fusion Expenses iPhone application empowers you
to quickly capture your expenses as they are incurred. The iPhone application provides
the following capabilities:
• Enter expenses in multiple ways: Create expense lines from receipt images and
calendar entries, create lines with quick entry or manual entry
• Add attendees from calendar events and address book and create new attendees
• Charge to projects and cost centers
• Flag policy violations and receipt requirements
• Submit expense reports
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Internet Expenses 23
• Sync reference data automatically
• Enter expenses in connected or offline mode
• Approve expense reports.
Oracle iReceivables now provides a Setup Checklist page to perform setup steps and
streamline the user registration process. Two new tasks, Registration History and
Payment Audit History are available on the Setup Checklist page to manage the
registration and payment processes.
Administrators can now monitor customer registration requests and aid their customers in
completing the registration process by searching, viewing and releasing the hold on the
account request received.
Customer service representatives can use the Payment Audit History to search and review
the status of payments made by customers through iReceivables enabling them to provide
accurate payment status information to their customers.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle iReceivables 24
• Accounts Payable
• Accounts Receivable
• Assets
• Cash Management
• Credit Management
• E-Business Tax
• Legal Entity
• Public Sector Financials
• Payments
• Web Expense.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Legal Entity Configurator 25
to create a loan without a schedule of installments and bill customers manually on an ad
hoc basis.
In addition, the process of applying customer payments to loans has been streamlined by
providing users an option to perform receipt application within the loan transaction
context, without the need to switch to Receivables.
A new system profile option (LNS: Allow to Bill and Apply from UI) has been
introduced to control user’s access to this feature.
This feature has also been back-ported to 12.1 via the standalone patches:
7573972:R12.LNS.B and 7573972:R12.LNS.C.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Loans 26
3.19. Oracle Payables
3.19.1. Release 12.1.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Payables 27
3.19.2. Release 12.1.2
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Payables Extension for Oracle Endeca 28
The Supplier Balance Management page offers superior navigation and discovery
capabilities through critical statistics on open invoices, allowing users to obtain a better
understanding of the current status of supplier balances, review specific transactions and
pay suppliers in an efficient manner. The Holds Management page provides high
visibility into invoices held, the reason for hold as well the aging information of such
invoices. Based on this key information, Payables department can take actions to resolve
all disputes faster, thus greatly improving supplier relationships. With the help of
Discount Opportunity page, Payables departments can streamline cash flow and
effectively manage working capital by taking timely discounts.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Payments 29
accounts with the same set of transmission configurations are grouped in to a single
settlement batch reducing the number of settlement batch files generated and risk of
exceeding the daily limit.
3.21.2.3. Single Euro Payments Area (SEPA) Credit Transfer Initiation Messages
SEPA Credit Transfer is a payment instrument for the execution of credit transfers in
Euros between customer accounts located in SEPA. This feature creates SEPA Credit
Transfer initiation messages for payments per ISO and SEPA implementation guidelines.
This feature has also been back-ported to 12.0.0 via the standalone patch:
6939650:R12.IBY.A.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Payments 30
reassures users that Oracle Payments is properly handling and securing sensitive payment
card information. Certification includes proper adherence with industry accepted data
storage guidelines, encryption algorithms, secured coding practices, and secured
transmission standards.
Oracle Payments customers benefit from the ongoing enhancements made to conform to
PA-DSS requirements. These PA-DSS enhancements are also available as standalone
patches to customers on Release 12.0 and 12.1.1.
3.21.6.2. ISO 20022 Direct Debit - Multiple Mandates per Debtor Account
You can now attach multiple mandates to a customer bank account and assign priority to
each mandate for the purpose of defaulting on the transactions.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Payments 31
3.22. Oracle Public Service Financials International
3.22.1. Release 12.0.3
The following 11i Features have been replaced by standard Oracle functionality:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Public Service Financials International 32
3.22.4. Release 12.2
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Receivables 33
3.23.1.4. Golden Tax Adaptor Enhancements for Mainland China
All businesses operating in mainland China are required to use a government certified tax
application for VAT calculation, VAT invoice generation, and statutory tax reporting.
This system is referred to as Golden Tax. Golden Tax Adaptor provides a seamless
integration between Oracle Receivables and the Golden Tax system.
Golden Tax Adaptor now supports three additional VAT invoice types: special VAT
invoices, common VAT invoices, and special VAT invoices for waste and outdated
materials.
Credit memo processing through Golden Tax Adaptor has been enhanced with the
following new features:
• Processing of on-account credit memos and credit memos referring to multiple
invoices
• China Tax Office notification number support for credit memos on Special VAT
Invoices
• Validation rules to prevent export of credit memos with duplicate or incorrectly
formatted notification numbers
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Receivables 34
3.23.3. Release 12.2.2
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Receivables 35
3.23.4. Release 12.2.4
3.23.4.2. Recognize Revenue Based on Fair Market Value with Fusion Revenue
Management Integration
Leverage the revenue compliance and recognition benefits of Fusion Revenue
Management with the out-of-the-box integration of E-Business Suite Accounts
Receivable with Fusion Revenue Management. With this integration, manage your
revenue for the sales orders, service contracts and Accounts Receivable invoices in
Fusion Revenue Management and continue managing your billing in Accounts
Receivable.
Oracle Fusion Revenue Management streamlines the revenue compliance and recognition
process by allowing you to:
• Establish fair market value using: Vendor Specific Objective Evidence (VSOE),
Estimated Selling Price (ESP) or Third Party Evidence (TPE).
• Manage revenue compliance
• Automate revenue reallocation for multiple element arrangements based on fair
market value
• Configure revenue scheduling for complex revenue recognition and
• Analyze data with intelligent revenue recognition and compliance reporting.
3.23.4.3. Support Querying and Consolidating for Golden Tax Transactions by Sale
Order Number
The Golden Tax Adaptor now allows users the option to query and consolidate Golden
Tax transactions by sales order number within the Golden Tax Workbench simplifying
the process of finding and consolidating Golden Tax Transactions.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Receivables Extensions for Oracle Endeca 36
In addition, Receivables Department Management can pre-define alerts that will help the
user identify items requiring prompt attention based on enterprise business priorities.
Receivables and Collections Departments can now better identify potential problem areas
and customer summary and transaction information based on a set of key metrics, such as
Outstanding Receivables Balance, Past Due Balance, Available Credit Balance, Open
Discounts, and are empowered to take remedial actions in a timelier manner.
The Disputes Overview Endeca page enables Receivables personnel to analyze and
improve disputes processing, as well as identify customers who might be overusing
disputes as a way to delay payments.
The Outstanding Receivables Overview page offers insight into open receivables
transactions across customers and organizations, allowing users to obtain a better
understanding of the health of open receivables, review specific transactions and
potentially challenging customers that require attention and take necessary actions. The
Billing Process Overview page highlights outstanding issues in Billing such as
incomplete transactions, adjustments pending approval and auto-invoice import
processing errors. The Payment Process Overview page identifies payment related
transactions such as unapplied and on account receipts, receipt and remittance batches
requiring attention, and lockbox errors. The Payment History page provides recent
historical information on both paid transactions and applied receipts across customers.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Subledger Accounting 37
3.25.2. Release 12.1.1
3.25.2.1. Historical Data Initialization for New Reporting Currencies and Secondary
Ledgers
When setting up new secondary ledgers or reporting currencies with an existing primary
ledger for new local or corporate reporting requirements, all historical transaction
accounting amounts and balances have to be initialized in these new ledgers/currencies to
ensure proper reconciliation with their primary ledger counterparts. Oracle Subledger
Accounting now provides a new concurrent program: SLA Secondary/ALC Ledger
Historic Update for this particular need. This program retroactively posts historical
transaction accounting data from the existing primary ledger to the newly created
secondary or reporting currency ledgers. Once this program is executed, reports and
inquiries will correctly display secondary ledger or reporting currency amounts.
3.25.3.1. Accounting Rules Detail Report and Enhanced Subledger Accounting Online
Inquiry
Oracle Subledger Accounting introduces a new Subledger Accounting Rules Detail
Listing Report to provide detailed information about accounting rules defined for a
subledger accounting method. The report can be submitted from the individual subledger
applications or from Oracle General Ledger. In addition, the report can be submitted for
custom applications registered within Oracle Financial Accounting Hub.
Users can now use the new report to easily review the following setup details:
• Subledger Accounting Method
• Journal Line Definition
• Journal Line Type
• Account Derivation Rule
• Journal Header Description
• Journal Line Description
The online Subledger Journal Entry page has also been enhanced with two new sections
to display the journal line definition and the journal line type used for generating an
accounting entry.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Subledger Accounting 38
3.25.4. Release 12.1.3
3.26.1.1. International Bank Account Number (IBAN) Support for Counterparty Bank
Accounts
The International Bank Account Number, or IBAN, was designed to standardize and
simplify the transfer of international payments. A new field has been added to the
Counterparty Settlements Account Details window to support the input of the
International Bank Account Number for the counterparty.
The seeded confirmation templates and X12 Electronic Funds Transfer script now use the
IBAN for both the company and counterparty, if provided. The Daily Payments/Receipts
Report displays the IBAN, if it is specified, rather than the account number for the
counterparty.
Oracle Treasury now allows the use of Retail Term Money Market deal transactions
within the Oracle Cash Management Bank Statement reconciliation. With this
enhancement, users can view and use all treasury deal type transactions when reconciling
bank statements within Oracle Cash Management providing a single point for
reconciliation.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle Treasury 39
• The source of the distribution for finance charges (for example, from the original
invoice distribution or from the transaction type).
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle U.S. Federal Financials 40
3.27.4. Release 12.2.3
3.27.5.1. Capture of BETC, Trading Partner TAS, and Trading Partner BETC
Attributes
The Business Event Type Code (BETC), Trading Partner Treasury Account Symbol
(TAS), and Trading Partner BETC attributes have been added as attributes to the
following transactions at the distribution level:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle U.S. Federal Financials 41
• Purchase Orders
• Payable Invoices
• Project Agreements
• Receivables Transactions
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 16695227 1603099.1
12.0.x 14774455:R12.FV.A 1602631.1
12.1.x 14774455:R12.FV.B 1602631.1
12.2.3 14774455:R12.FV.C 1602631.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Oracle U.S. Federal Financials 42
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 17470471 1625197.1
12.0.x 17927956:R12.FV.A 1663941.1
12.1.x 17927956:R12.FV.B 1663941.1
12.2.3 17927956:R12.FV.C 1633941.1
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 43
3.28.3. Release 12.0.4
3.28.4.1. Brazil: Fiscal SPED – Support for Fiscal Book Generation and Electronic
Invoice Integration
Support for Fiscal Book Generation
The Brazilian Fiscal SPED requires organizations to submit a set of legal reports in
electronic format to tax authorities. Specific additional information is required to be
provided in these reports. Oracle Financials for Latin America provides new and
enhanced functionality to capture the additional required information.
The following new windows have been introduced to support SPED:
Per Brazilian tax law, account receivable invoices can only be billed to a customer
after tax authority approval.
In this release, Oracle Financials for Latin America provides support for electronic
invoice integration for tax authority approval. The tax authority approval status is used to
control downstream business process such as invoice printing, collection, etc. for the
receivables invoice. In order to prevent billing customers with an invalid document
status, only receivable invoices with a status of Finalized or Contingency are processed.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 44
Invoices with a status of Sent, Error, Cancelled, Rejected and Obsolete are placed on hold
until the electronic invoice status is updated to Finalized or Contingency.
3.28.4.2. Japan: Asset Depreciation Enhancements for Japan Tax Reform Act of 2007
In order to stimulate and promote economic growth, The Ministry of Finance for Japan
has announced new tax reforms. The reforms introduced new rules for calculating
depreciation on fixed assets effective April 1, 2007.
Oracle Assets provides the following new features to support the new tax reforms:
• New depreciation methods and rates for depreciable assets acquired on or after
April 1, 2007
• New rates are added to the Straight Line Method
• 250% Declining Balance Method
• Extension of Depreciation feature for calculation of extended depreciation for
eligible assets (depreciable asset acquired on or before March 31st, 2007 and
depreciated up to earlier 95% limit)
• Enhanced reporting for compliance
• Enhanced Mass Changes feature by adding Salvage value and Final Depreciable
limit parameters
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 45
3.28.5. Release 12.1.2
The Tax Authority of Buenos Aires province has determined through regulations DN
70/07 and DN 74/07, that tax rates for its Turnover Withholding and Turnover Perception
regimes would be defined per individual contributors (i.e. taxpayer id), therefore
modifying existing withholding and perception tax rate determination, which was a
general rate applicable for all taxpayers.
Each Perception agent (i.e. seller) and Withholding agent (i.e. buyer) will be required to
download from the tax authority’s website a monthly flat file with applicable tax rate
information for each contributor (taxpayer id).
In this release, Oracle Financials for Latin America provides new and enhanced
functionality to enable its customers to upload the government’s monthly data file and
update the corresponding tax assignments per taxpayer id (i.e. Withholding rates for
suppliers in Oracle Payables and Perception rates for customers in Oracle Receivables)
and ultimately calculate proper withholding and perception taxes on Payments and
Receivables transactions, thus complying with the current legal regulations.
• Withholding Taxes
• Supplier Withholding Applicability
The following reports can be generated based on parameters entered in the above
concurrent program:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 46
Knowledge Document
11.5.10 7368540 733928.1
12.0 7685123:R12.JL.A 778917.1
12.1.1/12.1.2 8427989:R12.JL.B 878707.1
In this release, Oracle Financials for Latin America provides new and enhanced
functionality to capture the required information, extract and format electronic
accounting books.
• Bookkeeping Type G
• Bookkeeping Type R
• Bookkeeping Type A
• Bookkeeping Type B
• Participants
• Participant Relationships
• Bookkeeping Types
The following pages have been enhanced to capture new data elements:
• Legal Entities
• Establishments
• Legal and Tax Registrations
• Contacts Information
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 47
The following programs have been introduced:
Users can consolidate multiple invoices for the same customer into a single VAT
invoice within limits as defined in the System Options.
Users can use an Alternate Name to enter, capture and print the customer and
bank information in Chinese on issued VAT invoices.
3. Sales discount
Users can export sales discount lines from the EBS Golden Tax Adaptor into the
Golden Tax system. Users can import credit memo data with merged discount
amounts back into Golden Tax Adaptor.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 48
This release provides a report that may be printed annually for each legal entity. The
report lists the withholding tax and the tax identification information related to partially
and fully paid payables transactions. This report is consistent with the information listed
on Italian Withholding Tax Letters.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 49
3.28.5.7. Spain: VAT Legislation: Modelo 340 Informative Declaration
The new Modelo 340 Informative Declaration includes Issued Invoices, Received
Invoices, Investments and Certain Intra EU transactions. This new 2009 declaration
accompanies the VAT Settlement ("Liquidación del IVA") and does not replace an
existing declaration ("Modelo"). This settlement can be performed monthly or annually.
In this release, a new file is available in accordance to the new legislation.
This update has also been back-ported to the following releases:
3.28.5.8. Spain: VAT Legislation: Modelo 347 Domestic Transactions Turnover Report
Changes
New guidelines include changes to the types of companies that are required to submit
Modelo 347. These guidelines were issued on December 30th, 2008, and are applicable
as of January 1st, 2009: Order EHA/3787/2008, of 29 of December, (BOE 30-diciembre-
2008). A series of updates and additional fields have been applied to the layout of
Modelo 347 report in accordance to the legislative requirements.
This update has also been back-ported to the following releases:
3.28.5.9. Spain: VAT Legislation: Modelo 415 Canary Island Turnover Report Changes
Companies operating in the Canary Islands and subject to the Canary Islands Tax Regime
are required to submit an IGIC Modelo 415 file. A series of updates and additional fields
have been applied to the layout of Modelo 415 in accordance of the new legislative
requirements.
This update has also been back-ported to the following releases:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 50
3.28.5.11. United Kingdom: Support for Revaluations and Impairments per Statement of
Recommended Practice for United Kingdom Local Authority Accounting
The Joint Committee for CIPFA/LASAAC published “A Statement of Recommended
Accounting Practice (SORP) 2006”. The SORP recommends how fixed assets owned by
UK Local Authorities are to be revalued starting from April 1, 2007.
Revaluation and impairment functionality in Oracle Assets now addresses the fixed asset
revaluation requirements as per SORP.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
3.28.5.12. U.S. Federal: New FACTS II Edit Checks and File Layout Changes
Closing Validation Edit 13 and Reclassification Edit 14 rules have been added as
configuration options for FACTS II processing in accordance with Treasury FMS
guidance. Additionally, the FACTS II Edit Check Detail Report has been modified to
include the status and supporting detail for these edits.
This update has also been back-ported to the following releases:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 51
value in use) and compare it to the book value. Oracle Assets now calculates and
generates asset impairments and the appropriate General Ledger journals in accordance
with IAS 36 guidelines.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
Effective from January 2010, the new v1.3 file format has replaced the current v1.2 file
format of the Belgian Annual VAT Return File.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 52
Release Patch Number
11.5.10 9249589
12.0.5 9480859:R12.JE.A
12.1.1/12.1.2 9480859:R12.JE.B
3.28.6.3. Brazil: Support for Brazilian Electronic Collection Document Process (DDA)
Effective October 2009, Oracle Financials for Latin America introduced two new
attributes in the Collection Document Window and in the Import Collection Documents
program to support the Brazilian Authorized Direct Debit (DDA) system:
• Collection Document Barcode: The Collection Document Barcode is required
for the Electronic File Transfer. This mandatory record speeds up the data entry
of manually collected documents and is now a required field in the Standard
Collection Document.
• Electronic Collection Document Flag: The Electronic Format (Y/N) flag
identifies if the respective collection document is electronic (Y) or standard (N).
3.28.6.4. China: Support for Version 2 of the China Accounting Software Data Interface
Standard
The China National Audit Office (CNAO) has defined a new version of their accounting
auditing filing standard, known as the China Accounting Software Data Interface
Standard. The new standard requires a number of XML-based reports, using data
primarily from the General Ledger, Payables, Receivables, Assets, and Payroll
modules. It is currently required for state-owned enterprises and public sector
organizations.
3.28.6.5. India: Enhanced Value Added Tax (VAT) Functionality to Support Flexible
Recovery Schedule for India
Oracle Financials for India now provides the flexibility to use VAT recovery schedules
and percentages to derive the tax installments and dates to claim or recover VAT on
capital goods.
3.28.6.6. India: Value Added Tax (VAT) Statutory Accounting and Reporting for Non-
Shippable Items
Users can now have the ability to generate Value Added Tax Invoice Numbers, perform
VAT Repository updates, and account for VAT taxes for customer billable non-shippable
items on sales orders.
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• Enhanced tax reporting boxes for declared input and output taxes
• New electronic flat file format declaration related to 835
• Aggregated reporting of taxable sales transactions below the official published
limits
• Monthly percentage or amounts limits for tax reclaimed on Petty Cash
transactions
• Mandatory declaration of export trade transactions (Rshimon Export)
The EMEA VAT Reporting Setup has been updated to capture monthly aggregation and
declaration limits for Israel.
The following Israeli reports have been enhanced to incorporate the legislative changes:
• IRS Deduction File Number, Reporting Type Code, Tax Year, Period, Number of
Reported Suppliers, Total Payments, Total Withholding Tax, 155 spaces and the
constant ‘80’.
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3.28.6.9. U.S. Federal: Extract File Changes for Central Contractor Registration (CCR)
CCR processing has been enhanced to process the BPN extract v4.09 files. The extracts
contain additional NAICS information, as well as the Excluded Parties List System
(EPLS) status. The CCRXML request version number has been updated to 2.10. The
CCR Vendors pages have also been updated to display the additional information.
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3.28.7. Release 12.2
• Identify accounts within the account hierarchy to exclude from register I050
(Chart of Accounts)
• Exclude ‘STAT’ currency code journals from reporting
• Support 19 positions for numeric and amount values
• Provide Create or Change Date identifier as required under register I100 (Cost
Center)
• Automatic defaulting of Taxpayer ID (i.e. CNPJ/CPF) when defining Third Party
Participants
• Generate digital transcript signature (register I151) for register I150 (periodic
balances) for the Bookkeeping Type B
3.28.7.2. Brazil: Fiscal SPED – Electronic Invoice Layout Update (Manual 4.01)
The following attributes are generated and/or captured in order for Fiscal Partners to
communicate Electronic Invoices to Fiscal Authorities:
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 56
• Electronic Invoice Attributes
• Tax Code and Rates
• Customer Account Sites
• Inventory Master Items
• Item Templates
Additionally, the Auto Invoice program has been enhanced to import the ‘Service
Execution Date’ from the Receivables Interface table.
The Israeli VAT File – Related to 835 report has been modified to generate a combined
VAT file. Users can inform the Tax Group Registration Number (Ichud Oskim) and up
to ten legal reporting entities. The report can still be used to generate the VAT file for an
individual company.
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3.28.7.6. Portugal: Billing Software Certification
Oracle Financials for Portugal has been modified to comply with the new Portuguese
Legislation published in the Decree no 363/2010, of the 23rd June Series I, no120.
• Report Layout
• Monthly reporting support
• New Transaction Key reporting
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The following revaluation and impairment functionality has been provided in Oracle
Assets to address the fixed asset revaluation and impairment requirements for tangible
property, plant and equipment assets, as per the ‘Code’:
Additionally, the FACTS II Edit Check Detail Report has been modified to include the
status and supporting detail for the above edits.
3.28.8.1. Belgium: Belgian VAT Annual Return Report Legal Changes 2012
Effective February 2012, new legislation was introduced affecting companies issuing the
VAT Annual Return in Belgium.
The Belgian VAT Annual Return contains information about all goods and services
supplied to Belgian customers during the tax year. The return uses data generated
through the Belgian VAT Annual Declaration process to produce the VAT Annual
Return in XLM format. Each VAT eligible company in Belgium is required to submit an
Annual VAT Return in electronic format (XML) to the Belgian VAT Authorities via the
INTERVAT portal.
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The legal updates provided for the Belgian VAT Annual Return Report ensures
compliance with the new XML schema version 0_7.xds – Interval v8.0.
The standard requires those entities could export their financial statements and
accounting data periodically by specific XML format.
China Accounting Software Data Interface Banking feature complies with the standard of
commercial bank portion to export the required financial statements and accounting
information from the General Ledger. The solution includes two components which are
shared information data export and general ledger data export.
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3.28.8.5. India: Service Tax Reverse Charge Mechanism
Oracle Financials for India now supports, Reverse Charge on service tax where the
service tax is to be paid by the service receiver and not by the service provider, along
with partial payment of service tax service provider and service receiver.
3.28.8.7. United Kingdom: Modulus Check Validations for Bank Accounts in the United
Kingdom
The existing account number validations for United Kingdom domestic bank accounts
only check the length of the account number. These validations are performed during the
entry and update of bank accounts.
With this release the account number validations for United Kingdom are enhanced to
include a modulus check validation along with the length checks.
To enable the modulus checks, a new concurrent program – "Load UK Domestic
Account Validations Data" – has been provided to load the modulus validation data from
text files that are provided and periodically updated by VocaLink Ltd. This includes:
• Modulus Weights Table Data
• Sorting Code Substitution Data.
Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Document Tax, Legal and Regulatory Updates 61
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 16665395 1571019.1
12.0.6 16665388:R12.JL.A 1571019.1
12.1.x 16665388:R12.JL.B 1571019.1
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4. New and Changed Features in Real Estate Management
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4.1.1.6. Prorating the Billing/Payment Amount based on a New Start Day Field
A new field has been added to the Lease form to capture the Year Start Date for
Prorating. Based on this field, the Schedule Start Date is determined considering the
period in which the Term Start Date falls into.
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• True Up. The system calculates variable rent periodically through the year with a
non-cumulative method and then does a True Up calculation at the end of the
year (or other appropriate period).
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invoice period, much like the system applies the amount of recurring abatement
terms each invoice period.
4.1.1.18. Constraints
Users can now set start and end dates for constraints for the life of the agreement rather
than setting them up for each year.
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4.1.1.25. Term Template Enhancements
Users can now create, edit and save term templates from within the variable rent
agreement. Now, users can maintain a relatively small number of generic term templates
to use as the starting point for term detail defaults for variable rent agreements. The user
will select a generic term template then, if necessary, make a copy with changes specific
to the agreement.
4.1.1.32. Proration
The system will now prorate constraints on rent increase for partial years.
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4.1.1.35. Recurring Backbill Terms
An option has been introduced that controls whether backbill terms are created as one-
time terms or as recurring terms. If they are created as recurring terms, the transaction
date for all resulting schedules is set to the same date, which is the date that the term was
approved.
4.1.1.39. Reconciliation
Reconciliation is created for each agreement for each reconciliation period. The user can
record information from the landlord reconciliation statement and use the reconciliation
screens as a ‘workbench’ for doing a desktop audit of the reconciliation statement.
Features include:
• Key entry, from the landlord reconciliation statement, of information not
available to the user from other sources, such as actual landlord expenses.
• Optional entry of the same items, in an ‘Expected’ column, if the user
has information that conflicts with the values presented by the landlord.
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• Presentation by the system of information that is known based on the Operating
Expense Agreement, previous payments, and prior reconciliations, such as
calculated cap amount, agreement fee percentage and amount already paid as
estimated payments.
• Optional entry of the same items in the ‘Statement’ column, if the
amounts on the landlord statement are not the same as expected.
• Detailed presentation of the operating expense obligation calculation, in side-by-
side layout, showing the values from the landlord statement next to the values
expected by the user. The calculation includes caps, fees, contributions,
occupancy adjustments and stops, pro rata share calculation, and prior payment
amounts.
• Presentations of the percent change over the prior period for each expense group,
the total landlord expense, and the tenant share of expenses.
• Printable version of the detailed reconciliation analysis with side-by-side
comparison.
• Simple creation of reconciliation payment term based on the bottom line of the
reconciliation analysis, or simply the payment due amount on the landlord
reconciliation statement.
• Flexible expense year dates, or reconciliation period dates, so that reconciliations
can be done at irregular intervals if needed.
• Reconciliation notes and direct access to notes related to the agreement and to
prior reconciliations.
• Maintenance of critical dates specific to each reconciliation, such as audit period
end date.
• Tracking of reconciliation and audit status, and users responsible for each.
• Preservation of prior versions of a single reconciliation.
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create new or update existing variable rent agreements, to generate periods and
breakpoints, abatements and constraints for Variable Rent.
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