SM

The Experts in Oracle Projects

Oracle Projects
Release 12.0 Overview

Presented by Neeraj Garg

Vice President, Consulting Services
R12 – New Look and Feel: HTML
R12 – New Look and Feel: Forms
Oracle Projects Release 12.0 Overview
 Project Costing and Billing
 Uptake of New Financial Architecture
 Ledger, Legal Entity, Sub-Ledger Accounting, E-Tax, Multi-Org
Access, Budgetary Controls
 Procure-to-Pay Integration
 AP Lines Uptake, Removal of Adjustment restrictions, Cash
Basis Accounting, Subcontractor Payment Mgmt, Improved AP
Reconciliation,
 Revenue on Foreign Currency
 Refresh Financial Information in Portfolios
 No Changes from FP.M to Project Management
R12: New Project Accounting Changes
 Financial Architecture Uptake
 New Ledger Model
 Replaces SOB Model in 11.5: Primary and Reporting Ledgers
 Reporting Ledgers: MRC Replacement (Seamless Upgrade)
 New Legal Entity Model
 True Legal Entity Owned by TCA and setup using new Legal
Entity Configurator
 LE linked via OU and also used for Cross-Charge in PA
 Transfer Price calculation based on Project and Expenditure
Owning Org Hierarchies only. No Separate Derivation of
OU/LE. These need to be included in appropriate hierarchy
R12: New Project Accounting Changes
 Financial Architecture Uptake (Continued..)
 Sub-Ledger Accounting (SLA)
 New Centralized Accounting Model for all Sub-Ledgers
 New Accounting Method Builder
 Centralized Interface to GL
 Optional Uptake for PA – No Automatic Migration
 Auto-Accounting use in PA continues.
 By Default SLA Rules use CCID’s generated by Auto-Accounting
 New Processes to Create Accounting and Interface to GL
R12: New Project Accounting Changes
 Financial Architecture Uptake (Continued..)
 Multi-Organization Access Control
 Allow access to data in many OUs from 1 responsibility
 OUs are assigned using HR security profile
 Default OU via Profile Options
 All OU based Transaction Forms now allow users to pick
OU
 Pre-Approved entry, Revenue, Invoices, etc
 All Concurrent Processes now have additional parameter
for Operation Unit
 Allows for improved efficiency in transaction processing for
Shared Service Centers
R12: MOAC Forms changes
R12: MOAC Concurrent Process
R12: New Project Accounting Changes
 Financial Architecture Uptake (Continued..)
 E-Tax Uptake
 New Centralized Infrastructure for holding all tax
information such as Tax Clsasificaiton Codes and
Exemption Reasons
 PA Uses common Tax-Engine in E-Tax to determine Tax
Codes for Project Invoices
 Budgetary Controls
 Centralized Control model with enhanced Support for SLA
 Funds check against GL Accounts results in encumbrance
accounting entries generated by SLA
R12: New Project Accounting Changes
 Procure-to-Pay Integration Changes
 AP introduces Invoice Lines between
Invoices and Distributions
 Represents goods/services lines and also
for freight, tax, etc.
 Line level matching to PO lines, receipts and
also line level approvals
 PA now supports new AP Lines but
Expenditure Items remain at Distribution
level
R12: New Project Accounting Changes
 Procure-to-Pay Integration Changes
 Enhanced Control of Expenditure Item Date
 New Profile option for Invoices, Payments, receipts and
discounts
 Default Expenditure Date Value from
 EI Date on PO
 Transaction date for Invoice/Payment
 GL Date of Invoice, Payment or Discount
 System date on creation of Invoice/Payment
 Improved Reconciliation
 New Reconciliation Report
 New Search attributes in Expenditure Inquiry
 Supplier, Invoice, line, distribution and payment
 New Drill down to Expenditure Inquiry from AP Invoices
R12: New Project Accounting Changes
 Procure-to-Pay Integration Changes
 Removal of Adjustment Restrictions in PA
 Automatic Offsets enabled
 Invoice is fully/partially paid with/without Cash Basis
Accounting
 A Payment Discount was taken
 Invoice matched to fully closed PO
 Invoice is Pre-Paid
 Invoice selected for payment in AP
 All adjustments are disabled in AP
R12: New Project Accounting Changes
 Procure-to-Pay Integration Changes
 Improved Subcontractor Payment
Management
 Improved Support for Procurement of Complex
Work
 Support for Retention, Advances and Finance
Payments
 Support of Cash Basis Accounting
 Payments interfaced to PA instead of Invoices
 Recognizes partial payments
 Reverse Costs when Payments made
 Reconciliation of Costs in GL to Costs in PA
R12: New Project Accounting Changes
 Other Enhancements
 Concurrent process to handle mass
adjustments in Expenditure Inquiry
 Revenue in Foreign Currency
 Revenue converted to invoice currency and
interfaced to GL in Transaction and Functional
Currency
 Allows for Full revaluation in GL of UBR/UER
accounts
 Project Level UBR/UER maintained in Functional
Currency
R12: New For Portfolio Analysis

 Ability to Refresh Financial Information

from Project Management after initial
pull
 Allows for changed financial information
for planned projects to be considered in
Portfolio analysis
For More Information

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Project Partners, LLC
Phone: 650.712.6200
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