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Page 1: 11i R12 changes in Financials

MASAFI - IMPACT ANALYSIS DOCUMENT

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############################################################################## Enhanced Financial Statement Generator Reporting to Display Content Set Values############# Enhanced Financial Statement Generator Reporting to Support Drill-down for Non-Contiguous Account Ranges############# Streamlined Excel-based Financial Statement Publishing############# Synchronize Reversing Journals between Primary and Secondary Ledgers############# Limit Accounts in Budget Wizard

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Document Control :

Version # Date A/M/D Description

1 24/2/2009 A Initial Doc.

2 March 5, 2009 M Added points 31 & 32 in OM tab per client discussion

Flexible Reporting into XML PublisherAutomatic Depreciation Rollback

BanksComparing the 11i Vs R12

Enhanced Customer ScreenRefunds

Replace Supplier Bank Accounts on InvoicesBusiness Intelligence Publisher Support for Selected Payables ReportsThird Party PaymentsSupplier Dispute ProcessingDiscount Calculation Enhancements

Cash Management

International Bank Account Number (IBAN)Bank Identifier Code (BIC)Payment Group based Bank Statement ReconciliationOption to Override Country-Specific Validation for Bank AccountsEDIFACT Bank Statement Format UpdateCopy Bank Transaction CodesLoad Bank Statements for the Current DayManual Entry in Cash Position

Late Charges

Fixed Assets tied with SLA(Sub Ledger accounting)Enhancements In FA_MASS_ADDITIONS Table.New Automatic Preparation of Mass Additions

AssetAP AR Netting

Revenue RecognitionGlobal Architecture

General Ledger

Payable

Receivable

Few Features like invoice Lines, Line level approvals, Matching to a PO shipment or receipt, Suppliers in TCA makes a complete new look.InvoiceInternal Bank AccountsSuppliers Bank AccountsIntegration with Oracle E-Business Tax

Prevent Reversal of Unposted Journals

Control Accounts

Streamlined AutoReversal Criteria Setup Integrated Web-based

Journal Copy

Replacement for Disabled AccountsData Access Security for Legal Entities and Ledgers

2.0

Prevent Reversal of Journals with Frozen Sources

Simultaneous Currency Translation of Multiple Ledgers

Financial Reporting for Multiple Ledgers

Cross-Ledger and Foreign Currency Allocations

Streamlined Automatic Posting

Oracle Applications R12 - Functional Analysis Document

xxx

Oracle Applications from version 11i to R12.1.3

Simultaneous Opening and Closing of Periods for Multiple Ledgers

Data Access to Multiple Legal Entities and Ledgers

Enhanced Foreign Currency Processing by Reporting Made easy

Creating foreign currency recurring journals

Sub Ledger Accounting (SLA)

Description

Accounting Setup Manager

Sierra Atlantic Confidential 1 of 45 237052241.xlsx.ms_office - Main Page

Page 2: 11i R12 changes in Financials

Oracle General Ledger Standard Features Differences between 11i and R12

Sl Business Process - Standard Features

MULTI-ORG ACCESS CONTROL (MOAC)

Page 3: 11i R12 changes in Financials

1 Accounting Setup Manager

2 Sub Ledger Accounting (SLA)

Page 4: 11i R12 changes in Financials

3 Enhanced Foreign Currency Processing by Reporting Made easy

4 Creating foreign currency recurring journals

5 Data Access to Multiple Legal Entities and Ledgers

Page 5: 11i R12 changes in Financials

6 Simultaneous Opening and Closing of Periods for Multiple Ledgers

7 Simultaneous Currency Translation of Multiple Ledgers

8 Financial Reporting for Multiple Ledgers

9 Cross-Ledger and Foreign Currency Allocations

10 Streamlined Automatic Posting

11 Streamlined AutoReversal Criteria Setup Integrated Web-based

12 Journal Copy

13 Replacement for Disabled Accounts

14 Data Access Security for Legal Entities and Ledgers

Page 6: 11i R12 changes in Financials

15 Prevent Reversal of Journals with Frozen Sources

16 Prevent Reversal of Unposted Journals

17 Control Accounts

18 Enhanced Financial Statement Generator Reporting to Display Content

Set Values

19 Enhanced Financial Statement Generator Reporting to Support Drill-

down for Non-Contiguous Account Ranges

20 Streamlined Excel-based Financial Statement Publishing

21 Synchronize Reversing Journals between Primary and Secondary

Ledgers

22 Limit Accounts in Budget Wizard

Page 7: 11i R12 changes in Financials

Oracle General Ledger Standard Features Differences between 11i and R12

11i

In 11i, when users had to enter or process data for multiple operating units, they had

to login to different responsibilities because each responsibility could only access

one operating unit. So if there were a centralized payment processing center where

users processed payments for multiple organizations, they would have to keep

logging in and out of different responsibilities to process payments for a different

organization or operating unit.

Page 8: 11i R12 changes in Financials

Exist with the name “Set of Books”. The ledger replaces the 11i concept of a set of Books.

Set of books is defined by 3 C’s,

1. chart of accounts

2. functional currency

3. accounting calendar,

GL was not integrated with SLA.

Page 9: 11i R12 changes in Financials

Features mentioned in R12 were either not available or available with a limited extent in 11i.

In Release 11i, I can review the 500 GBP and the 1200 USD that results from converting the 500

GBP, and the total 2200 USD which is the USD balance in the Cash Account. The $2200 is the

sum of the $1000 entered in USD and the $1200 converted from the 500 British Pounds.

However, I view that a 1000 USD were entered directly in USD.

In Release 11i, you could define recurring journals using the functional currency or STAT

currency

This feature was not available in Release 11i.

Page 10: 11i R12 changes in Financials

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i

This feature was not available in Release 11i

This feature was not available in Release 11i

Integrated Web-based Spreadsheet Interface was not available in Release 11i

This feature was not available in Release 11i

This feature was not available in Release 11i.

This feature was not available in Release 11i.

Page 11: 11i R12 changes in Financials

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

This feature was not available in Release 11i.

Page 12: 11i R12 changes in Financials

R12 Comments

Now in Release 12, Multi-Org Access Control enables companies that have

implemented a Shared Services operating model to efficiently process business

transactions by allowing users to access, process, and report on data for an

unlimited number of operating units within a single application’s responsibility.

• This increases the productivity of Shared Service Centers as users no longer

have to switch application responsibilities when processing transactions for

multiple operating units. Data security and access privileges are still maintained

using security profiles that will now support multiple operating units.

• Enhanced Multi-Org reporting is not the same as cross-organization reports that

allow you to run a report at the ledger level to obtain results for all operating units

assigned to that ledger or obtain results for all the operating units for a GRE/LE.

• Multi-Org Reporting allows a user to select any operating unit from a list of

accessible operating units. This allows users to report on data for multiple

operating units from a single application responsibility. The benefit of this

includes

1) Reduced reporting time

2) Improved efficiency

Page 13: 11i R12 changes in Financials

The ledger is a basic concept in Release 12.

Now, legal Entities can be mapped to entire Ledgers or if you account for more than one legal entity

within a ledger, you can map a legal entity to balancing segments within a ledger

While a set of books is defined by 3 C’s,

1. chart of accounts

2. functional currency

3. accounting calendar,

The addition in this list the ledger is defined by a 4th C: the accounting method,

This 4th C allows you to assign and manage a specific accounting method for each ledger. Therefore,

when a legal entity is subject to multiple reporting requirements, separate ledgers can be used to record

the accounting information.

Accounting Setup Manager is a new feature that allows you to set up your common financial setup

components from a central location.

What is Accounting Setup Manager?

Accounting Setup Manager is a new feature that streamlines the setup and implementation of Oracle

Financial Applications. The Accounting Setup Manager will facilitate the setup required for simultaneous

accounting for multiple reporting requirements.

GL is integrated with SLA to enable a unified process to account for subledger transactions and post data

to GL, and to provide a consistent view when drilling down from GL to subledger transactions

Page 14: 11i R12 changes in Financials

GL has added new features and enhanced existing features to support foreign currency processing. They

are mainly as:

1) In R12, MRC feature is enhanced with a feature call Reporting Currencies. That mean it will now

support multiple currency representations of data from any source, including external systems, Oracle or

non-Oracle subledgers, and Oracle General Ledger journals and balances.

2) The second one is in reporting to view balances that were entered in your ledger currency separate

from those balances that were entered and converted to the ledger currency. The change in R12 is that

balances entered in the ledger currency are maintained separately from balances converted to the ledger

currency for use in Reporting and Analysis. Here is an example. Assume we have a ledger and the ledger

currency is USD.

I enter and post two journals; one in 1,000 US Dollars, and another in 500 British Pounds that gets

converted to 1200 US Dollars.

In Release 12, I can view the 1000 USD by performing an account inquiry on the Cash account for

balances entered only in the ledger currency. The amounts entered in foreign currencies that were

converted to the ledger currency will not be included in the balance. Of course, if I want to retrieve all

balances in USD, both the entered as well and the converted, I can still do that in Release 12.

In Release 12, you can create recurring journals using foreign currencies. This is particularly useful if you

need to create foreign currency journals that are recurring in nature. For example, assume a subsidiary that

uses a different currency from its parent borrows money from the parent. The subsidiary can now

generate a recurring entry to record monthly interest payable to the parent company in the parent's

currency

You no longer have to constantly switch responsibilities in order to access the data in a different ledger.

You can access multiple ledgers from a single responsibility as long as all ledgers share the same chart of

accounts and calendar

Page 15: 11i R12 changes in Financials

You no longer have to open and close periods for each ledger separately. You can now open and close

periods across multiple ledgers simultaneously by submitting Open and Close Periods programs from the

Submit Request form

You can run the Translation program for multiple ledgers simultaneously, if you are managing multiple

ledgers

Now with this feature you can run Financial Statement Generator (FSG) reports for multiple ledgers

simultaneously. This is useful if you manage multiple ledgers and want to run a balance sheet or income

statement report for all of your ledgers at the same time

You are able to allocate financial data from one or more ledgers to a different target ledger. This enables

you to perform cross-ledger allocations, which is useful for purposes such as allocating corporate or

regional expenses to local subsidiaries when each entity has its own ledger

You can now share AutoPost Criteria sets across multiple ledgers that share the same chart of accounts

and calendar and use the AutoPost Criteria sets to post journals across multiple ledgers simultaneously

AutoReversal Criteria Sets can also be shared across ledgers to reverse journals across multiple ledgers.

This is enhanced by integrated Web-based Spreadsheet Interface.

Now we can copy entire journal batches. You can copy journal batches with any status. The system will

create a new journal batch containing the same journal entries. You may also change the batch name,

period, and/or effective date while copying the journal batch. After copying the journal batch, you may

modify the unposted journals in the same manner as any manually created journals.

Normally when an account is disabled, you can prevent transactions that include the account from

erroring during journal import by defining a replacement account for the disabled account. Journal import

replaces the disabled account with the replacement account and continue the journal import process if the

replacement account is valid. This improves processing efficiency by preventing the journal import

process from erroring and enabling the successful creation of the journal with minimal user intervention

when an account has been disabled.

In R12, since you can access multiple legal entities and ledgers when you log into Oracle General Ledger

using a single responsibility, Oracle General Ledger provides you with flexible ways to secure your data by

legal entity, ledger, or even balancing segment values or management segment values. You are able to

control whether a user can only view data, or whether they can also enter and modify data for a legal

entity, ledger, balancing segment value or management segment value.

Page 16: 11i R12 changes in Financials

You can no longer reverse journals from frozen sources defined in the journal sources form. If the journal

is created from a frozen source, the journal cannot be modified even if the source is subsequently

unfrozen in the future. This provides streamlined data reconciliation with subsystems. Not being able to

reverse journals that originated in subledgers will ensure that the account balances will always tie out with

General Ledger. If you need to reverse a subledgers journal, then you should do so in Sub ledger

Accounting or the sub ledger application.

You also can no longer reverse unposted journals. This ensures data integrity and better audit ability. In

the past when we allowed you to reverse unposted journals, there was a risk that the original journal could

be deleted so you could end up reversing something that didn't exist. Now, all reversals can be tied back

to the original posted journal

You are able to control data entry to an account by ensuring it only contains data from a specified journal

source and to prevent users from entering data for the account either in other journal sources or manually

within general ledger.

Users can now publish a Financial Statement Generator (FSG) report with a content set. When the Page

Expand option is selected, each value in the content set becomes visible as an individual tab in the

Microsoft Excel workbook.

General Ledger provides a streamlined drill path from the monetary amounts in financial statements to

the underlying detail balances. After running a FSG report, users can drill from any summarized financial

balance in the report directly to the detail account balances that comprise the summary amount, even if

the summary amount represents multiple non-contiguous account ranges.

This process allows users to perform the drill down efficiently in one step and eliminates the need to

perform multiple searches by selecting one account range at a time. It also improves usability by enabling

the user to see all the information on a single page.

Users can now publish FSG reports natively as Excel files. Users can create presentation templates using

Excel, and then run reports using BI Publisher’s Excel publishing capabilities to generate an Excel file

that opens directly in Excel. Users can then drill to the underlying details, leveraging General Ledger’s

Account Analysis and Drilldown capability.

Oracle General Ledger now streamlines the propagation of journal reversals from the primary ledger to

the associated secondary ledgers. The manual reversal of primary ledger journal entries now automatically

reverses the corresponding journal entries in the secondary ledger.

In prior releases, users could only use specific account code combinations ranges in the Oracle General

Ledger Budget Wizard to limit accounts for the budget entry process.

The Budget Wizard now allows users to use low and high values for one or more segments in the account

range.

Page 17: 11i R12 changes in Financials

Oracle Payable Standard Features Differences between 11i and R12

Sl Business Process - Standard Features

1 Few Features like invoice Lines, Line level approvals, Matching to a PO

shipment or receipt, Suppliers in TCA makes a complete new look.

2 Invoice

3 Internal Bank Accounts

4 Suppliers Bank Accounts

Page 18: 11i R12 changes in Financials

5 Integration with Oracle E-Business Tax

6 Replace Supplier Bank Accounts on Invoices

7 Business Intelligence Publisher Support for Selected Payables Reports

8 Third Party Payments

9 Supplier Dispute Processing

Page 19: 11i R12 changes in Financials

10 Discount Calculation Enhancements

Page 20: 11i R12 changes in Financials

11i

• Suppliers defined in AP.

• Supplier contacts replicated for each supplier site.

• Had only distributions line.

• Allocation of freight and special charges are captured at the distribution level only

• Tax and payment and Project accounting Payment was captured through global Descriptive

Flexfields.

In 11i we have seen internal Banks defined in AP and that is shared by AP/AR/CE, Payroll and

Treasury and they are bank accounts often replicated in multiple Ous

• Banks/Branches defined in AP

• Bank accounts often replicated in multiple OUs Before

Page 21: 11i R12 changes in Financials

• Oracle standard functionality was based out of User which determines tax by assigning Tax

Codes at line level of invoice and Tax rules was controlled at underline code.

• There was global descriptive flex fields were captured for country-specific tax attributes.

• More important most of the setup performed at OU level

Page 22: 11i R12 changes in Financials
Page 23: 11i R12 changes in Financials

R12 Comments

• Supplier becomes as TCA Party.

• Suppliers Sites as TCA Party Site for each distinct address.

• Contacts for each supplier/address , it means Single supplier address and contact can be

leveraged by multiple sites, for each OU

o A single change to an address can be seen instantly by all OUs

o No longer need to manually 'push' updates across OUs.This can be best understood by

the figure below

Invoice Lines as a new additional line accommodated in Invoice data model

Because of introduction of invoice line there is significant improvement of data flow

with n other oracle modules like

• Fixed Asset - Asset Tracking

• Business Tax - Tax line

• Payment - Payment

• SubLedger Accounting - Accounting

Allocate freight and special charges are captured to the lines on the invoice

Invoice distributions created at the maximum level of detail similar to 11i.

Core functionality

Where as in R12,

• Bank and Branch become part of TCA Parties.

Internal Bank Account in Cash Management which is owned by a Legal Entity. Here the

Operating units have granted usage rights

• Suppliers, Banks and Branches are defined as Parties in TCA

• Supplier (party's) payment information and all payment instruments (Bank Accounts,

Credit Cards) moved into Oracle Payments.

Page 24: 11i R12 changes in Financials

• A new module eBusinessTax determines tax based on facts about each transaction, this is

reason why Oracle has introduced additional line information at invoice level.

• The module "ebusiness Tax" set and configure Tax rules which can be viewed

• Tax attributes collected in fields on key entities

• Configure tax rules once per regime and share with your legal entities

In today’s business environment, it is a common practice to change bank accounts. If

suppliers change their bank accounts, Oracle Payables can now automatically update all

unpaid and partially paid invoices with the new bank account information. When users end

date an existing supplier bank account and provide a new active bank account, Oracle

Payables will automatically update the remit-to bank account information on unpaid and

partially paid invoices. This streamlines transaction processing and prevents the need to

update each invoice manually.

The following Oracle Payables reports have been re-written utilizing the Business

Intelligence Publisher (BIP) tool. BIP based reports offer greater flexibility to end users in

changing report layouts and formats:

• Withholding Tax by Invoice Report

• Bills Payable Maturity Date Report

• Discounts Available Report

• Payment Audit by Voucher Number

• Prepayments Status Report

Suppliers can specify a related trading partner to be paid on their behalf. The payments

made on behalf of suppliers to other trading partners are termed as third party payments.

Oracle Payables has been enhanced to record third party relationships and to process third

party payments. Withholding and 1099 processing continue to occur for invoicing suppliers.

Supplier invoices may be short paid to expedite dispute settlements. The Payables Invoice

Workbench has been enhanced to capture the invoice amount originally claimed by the

supplier and the reason for short payment.

Page 25: 11i R12 changes in Financials

Suppliers offer discounts for early payment. Early payment discounts can be fixed monetary

amounts or calculated on a percentage basis.

In prior releases, discounts could be defined in percentage terms only. Oracle Payables now

allows discounts to be specified in monetary amounts. When a percentage as well as an

amount is available, the higher or lower of the two can be specified for application.

Page 26: 11i R12 changes in Financials

Oracle Receivable Standard Features Differences between 11i and R12

Sl Business Process - Standard Features

2 Global Architecture

Revenue Recognition1

Page 27: 11i R12 changes in Financials

3 Enhanced Customer Screen

4 Refunds

5 Late Charges

6 AP AR Netting

Page 28: 11i R12 changes in Financials

11i

Limited integration of E-Business Tax module with Oracle Receivables.

Only Rule based Revenue Recognition exists in 11i.

Page 29: 11i R12 changes in Financials

We have seen 11i Customer standard forms makes easier by simple navigation. This times there is

clearer separation of the party and account layers, which makes a consist ant look and feel. More

over full backward compatibility with 11i UI Bill Presentment Architecture has been provided.

Limited integration with Oracle Payables.

Does not exist.

Contra Charges functions available in the 11i.

Page 30: 11i R12 changes in Financials

R12

• EBusiness Tax - Oracle E-Business Tax is a new product that uniformly delivers tax services to all Oracle EBusiness Suite business flows. In Release 12,

Receivables is enhanced to support

integration with the E-Business Tax product.

• Intercompany - This is enhanced by automatic balancing

In R12 revenue recognition is based on Rules and Events, and they are:

• Time-Based Revenue Recognition

o Ratably Over Time

o Upon Expiration of Contingencies

• Event-Based Revenue Recognition

o Payment

o Customer Acceptance

• Rule-Based Revenue Recognition

o Payment Term Thresholds

o Refund Policy Thresholds

o Customer Credit worthiness

• Daily Revenue Recognition

o Revenue distribution over full as well as partial accounting periods.

o Fulfills stringent accounting standards

o Accuracy to the number of days in the accounting period.

• Enhanced Revenue Contingencies

o Fully Supports US GAAP and IAS

o User definable contingencies

o User definable defaulting rules for contingencies assignment

o Supports parent-child (e.g. Product and Service) relationship

o Integration with Order Management and Service Contracts

o User Interface as well as Programming Interface (API) support

o Access control through seeded Revenue Managers Responsibility

• Deferred Revenue Management

In Release 12, revenue contingencies for customer acceptance that are applied to goods sold in Order Management are now applied to services sold to

cover those goods. Revenue is deferred for service ordered in both Order Management and Service Contracts. Acceptance contingencies associated with an

item instance are automatically applied to service revenue associated with the item instance when it is covered in a Service Contract as a Covered Product.

Page 31: 11i R12 changes in Financials

The AR Create Customer page in R12 has eliminated the navigation to separate windows. Now, users can specify the following on a single page:

• Customer Information

• Account Details

• Address

• Account Site Details

• Business Purpose

Oracle Receivables is fully integrated with Oracle Payables to deliver a seamless, automated process to generate check and bank account transfer refunds

for eligible receipts and credit memos.With new changes these are the enhanced functionality:

• Expanded assessment and calculation capabilities

• Tiered charge schedules

• Penalty charge calculation

• Integration with Balance Forward Billing

• Centralized setup and maintenance of late charge policies

• Calculation performed independent of Dunning and Statement processing.

R12 Netting solution replaces 3 solutions(FV,JE,IGI) in 11i.

In R12 the Contra Charge functionality has been optimized and therefore changed into the AP/AR Netting functionality. In the Payables module as well as

the Receivables module, there is a Netting submenu.

Payables: Payments -> Entry -> Netting

Receivables: Receipts -> Netting

Page 32: 11i R12 changes in Financials

Comments

Page 33: 11i R12 changes in Financials
Page 34: 11i R12 changes in Financials

Oracle Asset Standard Features Differences between 11i and R12

Sl Business Process - Standard Features

1

Fixed Assets tied with SLA(Sub Ledger

accounting)

2

Enhancements In FA_MASS_ADDITIONS

Table.

3

New Automatic Preparation of Mass

Additions

Page 35: 11i R12 changes in Financials

4

Flexible Reporting into XML Publisher

5

Automatic Depreciation Rollback

Page 36: 11i R12 changes in Financials

Oracle Asset Standard Features Differences between 11i and R12

11i

Limited integration.

What you will notice create Journal Entries (FAPOST) process feeding into

the GL_INTERFACE table is no more exist

Does Not exist.

Does not exist.

Page 37: 11i R12 changes in Financials

Does not exist.

Since release 11i, users have been able to run depreciation for an asset book

without closing the period. If additional adjustments are required in the current

period, then the user submits a process to roll back depreciation for the entire book,

performs the necessary adjustment(s) and then resubmits the depreciation

program.

Page 38: 11i R12 changes in Financials

R12 Comments

• Oracle Assets is fully integrated with SLA, which is a

common accounting platform for Sub Ledgers.

• Customers can use the seeded Account Derivation

definitions or modify them as required.

• Continue to support Account Generator functionality for

existing Asset Books.

New SLA Accounting report and online account inquiry.

This is replaced with the Create Accounting – Assets

process (FAACCPB).As a result of new enhanced feature, we can populate the

values for the new attributes directly in the FA Mass Additions

interface table rather than accepting default values from the

asset category. Legacy conversion can be completely

automated.

Following are the new adds-on:

• Asset Life

• Depreciation Method

• Prorate Convention

• Bonus Rule Ceiling Name

• Depreciation Limit

• This new feature consists of default rules and Public APIs that

can be used by customers to complete the preparation of mass

addition lines automatically.

o Auto populate required fields such as Expense Account,

Asset Category etc.

o Avoid manual intervention during the Mass Additions prepare

process

o Avoid customization and use public APIs to effect custom

business logic.

• Assets now uses Flexible Reporting using XML publisher

o Major Asset Transaction reports have been modified to

support XML publisher.

o Users can modify or use new templates to view report output

Page 39: 11i R12 changes in Financials

These asset reports have been converted in XML Publisher

based reports:

• Create Accounting Assets

• Transfer Journal Entries to GL Assets

• Journal Entry Reserve ledger Report

• Asset Additions Report

• Asset Transfer Report

• Asset Retirement Report

• Transaction History Report

• Asset Reclassification Report

• Mass Additions Create Report

• Mass Additions Posting Report

• Cost Adjustment Report

• Cost Detail report

• Cost Summary Report

• Reserve summary Report

• Reserve Details Report

• Mass Revaluation Preview Report

• Revaluation Reserve Details Report

• Revaluation Reserve Summary Report

• CIP Capitalization report

• CIP Detail Report

• CIP Summary Report

Depreciation is rolled back automatically by the system when

any transaction is performed on an asset if the following

conditions are met:

• Depreciation has been processed in that period

• The period is not closed

In Release 12 the intermediate manual step of rolling back

depreciation for the entire book in order to process further

adjustments on selected assets is no longer necessary

Page 40: 11i R12 changes in Financials

Cash Management Standard Features Differences between 11i and R12

Sl Business Process - Standard Features

1 Banks

2 Comparing the 11i Vs R12

3 International Bank Account Number (IBAN)

4 Bank Identifier Code (BIC)

5 Payment Group based Bank Statement Reconciliation

6 Option to Override Country-Specific Validation for Bank Accounts

Page 41: 11i R12 changes in Financials

7 EDIFACT Bank Statement Format Update

8 Copy Bank Transaction Codes

9 Load Bank Statements for the Current Day

10 Manual Entry in Cash Position

Page 42: 11i R12 changes in Financials

11i

These are tables which hold the bank details irrespective of supplier or internal banks.

• ap_bank_branches

• ap_bank_accounts_all

We can notice the bank was utilized into three different places , finance ,payroll and treasury,

which requires altogether a different setup.

It was one of the big issues with integration aspect, as significant problem was recognized once

the Expense management and payroll uses same bank for the respective person.

Does not exist in 11i.

Does not exist in 11i.

Does not exist in 11i.

Does not exist in 11i.

Page 43: 11i R12 changes in Financials

Does not exist in 11i.

Does not exist in 11i.

Does not exist in 11i.

Does not exist in 11i.

Page 44: 11i R12 changes in Financials

R12 Comments

These changes make easier and more reliable by

• Single access point

• Single Legal Entity ownership

• Usage rights granted to one or more Organizations

o Reconciliation option defined at Bank Account level

o More flexibility and control

These issues has been resolved in R12 release.

International Bank Account Number (IBAN) is an international standard for

identifying bank accounts across national borders in a way that would

minimize the risk of propagating transaction errors. Cash Management now

validates IBAN at the time of recording bank account details.

Bank Identifier Code (BIC) is a unique identification for bank branches. This

code can be 8 or 11 characters in length. Cash Management now validates

the length of BIC when recording bank branch details.

Oracle Cash Management now utilizes the new Payment Group Number

attribute as an optional matching criterion for manual and automated

reconciliation of bank statements.

Sometimes legacy bank account numbers do not conform to modern

country-specific validation rules. Users can now disable the default country-

specific bank validations to migrate legacy bank account information.

Page 45: 11i R12 changes in Financials

The bank statement loader program supports EDIFACT statements. With

this release, the following additional data processing features are addressed:

• 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.

Bank transaction codes are used by banks to identify the types of

transactions on bank statements. The codes are set up for each bank account

for reconciliation purposes. For organizations having several bank accounts,

it can be a cumbersome process to manually setup these transaction codes

since most bank accounts for a specific bank use the same transaction codes.

A new concurrent program has been provided to copy the bank transaction

codes from one bank account to another bank account(s).

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.

The cash position functionality has been enhanced to allow cash managers

the ability to manually enter cash flows into their cash positions allowing for

greater flexibility in their decision making process.


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