ERP - What's New in Core Accounting 21C

21C: ERP – What's New in Core Accounting
Shyam Santhanam + ERP Product Management Team

Oracle Cloud ERP Applications Development
August 4, 2021
Safe Harbor Statement
Statements in this presentation relating to Oracle’s future plans, expectations, beliefs, intentions, and
prospects are “forward-looking statements” and are subject to material risks and uncertainties.
A detailed discussion of these factors and other risks that affect our business is contained in Oracle’s
Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and
Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on
Oracle’s website at http://www.oracle.com/investor.
All information in this presentation is current as of August 2021 and Oracle undertakes no duty to
update any statement in light of new information or future events.
2 Copyright © 2021, Oracle and/or its affiliates

Core Accounting – What’s New in 21C
Automation and Efficiency Operational Improvement to

• Chart of Accounts
Transactional Processing
Onboarding & Maintenance • Guided Exception Management
• Supporting Reference • Country and Localization requirements

Management around intercompany flows
• Controls around Financial Financial Reporting

Close
• Industry Use Cases – Financial Services
• using simplified User Interface
• EPM and ERP Integration

A Quick Glimpse: New Features
Theme Description Release Product
Automation and Definition and Maintenance of COA and related Configurations 21A General Ledger
Efficiency
Multiple Supporting Reference selection using simplified User Interface 21A Subledger Accounting
Rapid Implementation improvement to create separate values sets for Primary Balancing 21A General Ledger
and Intercompany segments
Prevent General Ledger Period Closure When Open Subledger Periods Exist 21A General Ledger
Journal Categories Excluded During Manual Journal Entry 21B General Ledger
New Rest API enhancements- Chart of accounts filter, Account Combination Shorthand 21C General Ledger
aliases
Operational Credit Memo for negative Intercompany transactions 21C Intercompany
Improvement to
Subledger Journal Entry Analysis 21B Subledger Accounting
Transactional
Processing Intercompany Descriptive Flexfield Transfer to Receivables and Payables 21B Intercompany
Review and correct accounting exceptions to subledger 20D Subledger Accounting
Financial Income Statement Accounts Average Daily Balance tracking 20D General Ledger
Reporting
Entered and Converted Currency Balances Side by Side in Financial Reporting 21A General Ledger
Transfer Income Statement and Balance Sheet Account Balances to Different Closing 20B General Ledger
Accounts
4 Copyright © 2021, Enterprise Journal

Oracle and/or its affiliates Integration from EPM to GL 21C General Ledger/ EPM
A Quick Glimpse: New Features
Theme Description Release Product
Automation and Definition and Maintenance of COA and related Configurations 21A General Ledger
Efficiency
Multiple Supporting Reference selection using simplified User Interface 21A Subledger Accounting
Rapid Implementation improvement to create separate values sets for Primary Balancing 21A General Ledger
and Intercompany segments
Prevent General Ledger Period Closure When Open Subledger Periods Exist 21A General Ledger
Journal Categories Excluded During Manual Journal Entry 21B General Ledger
New Rest API enhancements- Chart of accounts filter, Account Combination Shorthand 21C General Ledger
aliases
Operational Credit Memo for negative Intercompany transactions 21C Intercompany
Improvement to
Subledger Journal Entry Analysis 21B Subledger Accounting
Transactional
Processing Intercompany Descriptive Flexfield Transfer to Receivables and Payables 21B Intercompany
Review and correct accounting exceptions to subledger 20D Subledger Accounting
Financial Income Statement Accounts Average Daily Balance tracking 20D General Ledger
Reporting
Entered and Converted Currency Balances Side by Side in Financial Reporting 21A General Ledger
Transfer Income Statement and Balance Sheet Account Balances to Different Closing 20B General Ledger
Accounts
Enterprise Journal Integration from EPM to GL 21C General Ledger/ EPM
Deep Dive
Credit Memo for Negative Intercompany Transactions
6
Copyright © 2021, Oracle and/or its affiliates
Credit Memo for negative Intercompany transactions
Capability highlights
• With this enhancement, Intercompany
leverages Receivables transaction types
when creating transactions
Create
Transfer to
Review the
Transfer to
Review • Intercompany transactions with negative
Intercompany
transaction
Receivables
Receivables
Invoice
Payables
Payables
Invoice
amounts or reversals can be handled as
credit memo in receivables.
Provider
Key benefits
• Enables compliance with legal, fiscal,
Receiver
taxation, and document sequencing
regulations
• Provides flexibility when creating IC
transactions to select the suitable receivable
transaction type at a transaction level

Key Set ups : Credit Memo for negative Intercompany transactions

Receivables set up for generating Credit Memo

Business Flow: Credit Memo for negative Intercompany transactions
Create Review the Review
Transfer to Transfer to
Intercompany Receivables Payables
Receivables Payables
transaction Invoice Invoice




Deep Dive
Subledger Journal Entry Analysis
14
21B: Analyze accounting rules for a journal entry
• Comprehensive diagnostics for subledger
Subledger Accounting journals
Subledgers Rules
• Payables • Journal Line Rules • Support for draft, invalid and final events
• Receivables • Description Rules
• Accounting Hub, • Account Rules
etc. • Supporting References
Review Key benefits

• Single point of reference for accounting setup
General Ledger
Update
• Journals • Insight into source values used for specific
journal context
Analyze
• Visibility of rule priority evaluation

Enabling the feature
Create new job role Add Function Assign role to user • The feature is auto-enabled
with Role Category : Security policy : who should perform
Financials – Job Review Accounting Subledger Journal • Viewing the analysis is restricted through a new
Roles Diagnostic Entry Analysis function security policy - Review Accounting
Diagnostic

Reviewing the accounting rules in Analyze Journal Entry page







Use Case 1 – Preview Accounting Rule Evaluation
• Accounting Hub user configures the accounting rules and

Configure submits draft accounting to review accounting results
• Subledger Journal Entry Analysis feature is used to analyze

Analysis the rule setup when accounting is not as expected
• Necessary setup corrections are made

Correction
Accounting
• Accounting is re-run and the entries are reviewed again
Review

Use Case 1 - Preview Accounting Rule Evaluation



Use Case 2 – Analyze accounting exceptions
• General Accounting Manager reviews accounting exceptions in

Exception
Review
Manage Accounting Errors page
• The Invalid journal entry is analyzed using Subledger Journal

Analysis Entry Analysis feature
• Necessary corrections are made to the rule setup

Correction
Accounting
Review



Use Case 3 – Incorporate Feedback from Subledger Users
• Payables Manager reviews accounting entries from View Accounting

Accounting window and observes incorrect account combination was used for Freight
Review
• The journal entry is analyzed using Subledger Journal Entry Analysis

Analysis feature
• Necessary corrections are made to the account rule setup

Correction

Review

Use Case 3 – Incorporate Feedback from Subledger Users

Use Case 3 – Incorporate Feedback
from Subledger Users

Deep Dive
Definition and Maintenance of COA and Related

Configurations
34
Definitions that make up Chart of Accounts configurations
Model Chart of Manage Chart of

account segment Account segment Manage Hierarchies
structure Values
Manage account
Deploy Chart of Combinations ,
Shorthand Aliases, Manage Security on
Accounts
Cross Validation segments
Rules

Definition and Maintenance of COA and related Configurations
New centralized User Interface has been introduced
for managing the below:
• Create/Edit Chart of Accounts
• Manage segment security, Hierarchy related to
COA
• Deployment of COA
• Direct link to Manage Account Combinations,
Aliases, Cross Validation Rules
Key benefits
• Simplified User experience

• All set ups at a single place

Business Flow: COA Maintenance
Invoking Rapid Implementation Spreadsheet from the centralised UI

Upload COA and Entitiy File from the centralised UI

Monitoring the status of Upload jobs

Editing Label names, default hierarchy and other configurations

Value Sets – UI, Edit or adding new values



Managing Hierarchy

Segment Security

Deep Dive
Prevent General Ledger Period Closure When Open

Subledger Periods Exist
46
Prevent General Ledger Period Closure When Open Subledger Periods
Exist
With this enhancement, Period close process will
prevent GL accounting period from being closed if
any below given exceptions exist
• Subledger Accounting periods not closed
• Unprocessed and untransformed subledger
General ledger transactions
• Intercompany exceptions
• Pending transactions in GL interface
Unposted transactions in GL
Flow of Data
Receivables
Key benefits
Projects Costing
• Streamlines period close checks and controls
ensuring period is closed when exceptions
Payables Assets Revenue resolved and therefore more accurate financial
Management
reporting
• Helps meet audit requirements

Business Flow: Prevent General Ledger Period Close when open
subledger periods
When General ledger period being closed from UI

subledger periods
When General Ledger period being closed from ESS job

subledger periods
Additional Information
• Exceptions will be checked for the following subledgers

• Payables
• Receivables
• Revenue Management
• Project Foundation
• Assets
• Costing
• One or more subledgers can be excluded so that period close skips any exceptions that may
exist for those subledgers

Additional Resources
Dive into the details with What’s New online

Cloud Readiness > Oracle ERP Financials: What’s New in 21C
Cloud Readiness > Oracle ERP Financials: What’s New in 21B
Cloud Readiness > Oracle ERP Financials: What’s New in 21A
Join upcoming events: Financials – 21C Product Webinars

• August 18th ERP - What's New in Payables and Expenses 21C
• September 1st ERP - What's New in Receivables and Cash Management 21C

Q&A

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21C: ERP – What's New in Core Accounting

Shyam Santhanam + ERP Product Management Team

2 Copyright © 2021, Oracle and/or its affiliates

Automation and Efficiency Operational Improvement to

• Supporting Reference • Country and Localization requirements

• Controls around Financial Financial Reporting

3 Copyright © 2021, Oracle and/or its affiliates

4 Copyright © 2021, Enterprise Journal

Credit Memo for Negative Intercompany Transactions

7 Copyright © 2021, Oracle and/or its affiliates

8 Copyright © 2021, Oracle and/or its affiliates

9 Copyright © 2021, Oracle and/or its affiliates

10 Copyright © 2021, Oracle and/or its affiliates

11 Copyright © 2021, Oracle and/or its affiliates

12 Copyright © 2021, Oracle and/or its affiliates

13 Copyright © 2021, Oracle and/or its affiliates

Subledger Journal Entry Analysis

Review Key benefits

• Visibility of rule priority evaluation

15 Copyright © 2021, Oracle and/or its affiliates

16 Copyright © 2021, Oracle and/or its affiliates

17 Copyright © 2021, Oracle and/or its affiliates

18 Copyright © 2021, Oracle and/or its affiliates

19 Copyright © 2021, Oracle and/or its affiliates

20 Copyright © 2021, Oracle and/or its affiliates

21 Copyright © 2021, Oracle and/or its affiliates

22 Copyright © 2021, Oracle and/or its affiliates

23 Copyright © 2021, Oracle and/or its affiliates

• Accounting Hub user configures the accounting rules and

• Subledger Journal Entry Analysis feature is used to analyze

• Necessary setup corrections are made

24 Copyright © 2021, Oracle and/or its affiliates

25 Copyright © 2021, Oracle and/or its affiliates

26 Copyright © 2021, Oracle and/or its affiliates

27 Copyright © 2021, Oracle and/or its affiliates

• General Accounting Manager reviews accounting exceptions in

• The Invalid journal entry is analyzed using Subledger Journal

• Necessary corrections are made to the rule setup

28 Copyright © 2021, Oracle and/or its affiliates

29 Copyright © 2021, Oracle and/or its affiliates

30 Copyright © 2021, Oracle and/or its affiliates

• Payables Manager reviews accounting entries from View Accounting

• The journal entry is analyzed using Subledger Journal Entry Analysis

• Necessary corrections are made to the account rule setup

• Accounting is re-run and the entries are reviewed again

31 Copyright © 2021, Oracle and/or its affiliates

32 Copyright © 2021, Oracle and/or its affiliates

33 Copyright © 2021, Oracle and/or its affiliates

Definition and Maintenance of COA and Related

Model Chart of Manage Chart of

35 Copyright © 2021, Oracle and/or its affiliates

• Simplified User experience

36 Copyright © 2021, Oracle and/or its affiliates

37 Copyright © 2021, Oracle and/or its affiliates

38 Copyright © 2021, Oracle and/or its affiliates

39 Copyright © 2021, Oracle and/or its affiliates

40 Copyright © 2021, Oracle and/or its affiliates

41 Copyright © 2021, Oracle and/or its affiliates

42 Copyright © 2021, Oracle and/or its affiliates

43 Copyright © 2021, Oracle and/or its affiliates

44 Copyright © 2021, Oracle and/or its affiliates

45 Copyright © 2021, Oracle and/or its affiliates

Prevent General Ledger Period Closure When Open