Professional Documents
Culture Documents
Payment Templates
1. Templates provide a way to store section criteria, payment attributes, and processing rules that
can be reused for single pay runs or scheduled pay runs.
2. EBS will update the dates based on information in the template
Pre-defined payment instructions
Includes the invoice selection criteria
Includes instructions on how validation failures are going to be handled.
We can generate simultaneous Accounting for Multiple Reporting Requirements by defining legal
entities and the setup needed to address each accounting and reporting requirement using the
Accounting Setup Manager.
Centralized Accounting Setup- is a central location to define accounting-related setup across all
financial applications.
Enhanced Reporting Currency Functionality and support all journal sources.
Improved Processing Efficiency:
Simultaneous Data Access to Multiple Legal Entities and Ledgers
Simultaneous Opening and Closing of Periods for Multiple Ledgers
Cross-Ledger and Foreign Currency Allocations
Simultaneous Currency Translation of Multiple Ledgers
Financial Reporting Across Ledgers
Automatic Journal Copy
Streamline Automatic Posting
Streamline AutoReversal Criteria Setup
Streamline Consolidation Mappings
Replacement for Disabled Accounts
Data Security:
Data Security across Legal Entities and Ledgers
Management Reporting Security
Prevent Reversal of Journals with Frozen Sources
Prevent Reversal of Unposted Journals
Control Accounts
Definition and Setup Security
Auditability for Journal Line Reconciliation
Entered Currency Reporting and Analysis
Foreign Currency Recurring Journals
Intercompany Balancing Support for Encumbrances
Integration with Subledger Accounting
Intercompany feature enhanced: This is now part of Oracle Advanced Intercompany System product.
Account Analysis and Drilldown is a new web-based interface that allows to easily review and analyze
general ledger financial data.
GL Standard Reports Integration With XML Publisher
New Terms: Ledger replaces Set of Books. A group of Ledger is called Ledger set, in a Ledger Sets,
user can simultaneously Open/Close Periods
Create Journals
Translate and Revalue Balances
View Information
Submit Standard Reports
Legal Entity: New addition to the Oracle E-Business Suite that enhances the ability to manage ones
legal corporate structure and track data from the legal perspective.
Multi Org Access Control (MOAC) enabled.
Suppliers in the Trading Community Architecture (TCA)-Supplier are now part of TCA like Customer.
New User Interface for Supplier Entry and Maintenance: This new user interface presents a clear
distinction between the suppliers company details and terms and controls for the trading relationship.
Supplier Bank Accounts: Enhancements to the setup of supplier bank accounts remove some
processing restrictions and achieve greater control and security.
Introduction of Invoice Lines: AP incorporates Invoice Lines into the invoice model and enhanced
Asset Tracking.
Invoice Processing for Contract Financing, Retainage, and Progress Terms: Complex payment terms
and conditions for fixed price contracts is now captured during the procurement contract flow.
Enhanced Invoice Approval includes Line level approval
Non PO Invoices Entered via iSupplier Portal
Collaboration with Suppliers to Resolve Disputes
Oracle E-Business Disbursement Requests are requests to make a payment to a company or
individual that is not a supplier.
More Robust and Flexible Payment Processing Engine.
Accounts Receivable / Accounts Payable Netting.
Integration with Subledger Accounting.
Partial Period Revenue Recognition- enables the generation of revenue recognition schedules that
respect the start and end dates of contractual obligations.
Event-Based Revenue Management allows users to define revenue deferral reasons and
corresponding revenue recognition events.
COGS and Revenue Matching: new COGS and Revenue matching feature satisfies this matching
principle by synchronizing the recognition of revenue with the recognition of associated COGS.
Enhanced Payment-Based Revenue Recognition: Feature achieves payment based revenue
recognition by associating transaction lines with revenue impacting contingencies.
Oracle Receivables is fully integrated with Oracle Payables to deliver a seamless, automated process
to generate check and bank account transfer refunds.
Balance Forward Billing is enhanced version of the existing consolidated billing functionality for
industries where customers are billed for all their account activity on a regular, cyclical basis.
o Enable billing policies consistent with organizational needs
o Improved communication with Customer
o Enhanced viewing and printing of bills
o Better integration with feeder systems
o Fewer processes to manage
o Synchronize bills with Aging
Enhanced Late Charges functionality enabling the creation of standard late charge policies that can
be assigned to customer accounts or account sites.
Multi Org Access Control (MOAC) enabled.
Integration with Subledger Accounting
Receivables Reconciliation Enhancements: Easily reconcile receivables using enhanced reporting.
Bills of Exchange Obsolescence: The Bills of Exchange feature is obsolete and replaced by the Bills
Receivable feature.
Trade Accounting Obsolescence: The Oracle Trade Accounting feature is obsolete and replaced by
Oracles Deduction Management solution.
Setting up late charge documents in R12- Record the Late Charges as one of the three document types:
1. Interest Invoice
2. Debit Memo
3. Adjustment
For Interest Invoice and Debit Memo, we need to define Transaction Source and Transaction Type and for
Adjustment, define a receivable activity of the type Finance Charges.
Provides the infrastructure for transaction tax knowledge management and delivery using a global
system architecture that is configurable and scalable for adding country specific tax content.
Modules Integrated with EB Tax:
Oracle Purchasing
Oracle Internet Procurement
Oracle Receivables
Consigned Inventory
Oracle Payables
Oracle Intercompany Invoicing
Oracle Order Management
Oracle Trade Management
Oracle Services Contracts
Oracle Order Capture/iStore/Quoting
Oracle Internet Expenses
Oracle Project Accounting
Oracle General Ledger
Users using a subscription model can share the tax setup. The owner of tax setup data is defined as
a Configuration Owner and can be an Operating Unit or a Legal Entity.
Tax Events model allows E-Business Suite applications to map their various documents and actions
across applications into corresponding tax event classes and tax event types.
Tax Configuration Manager-This component is responsible for creating and maintaining the structural
foundation of tax, the building blocks.
Tax Determination Services: This component calculates transaction taxes based on transaction
details and tax setup information.
Centralized Tax Record Repository for Audit and Reporting
1. Tax Reporting: Tax Reporting is flexible enough to provide data in a user-friendly format that
allows the standard and identified country specific requirements to be met.
2. Tax Simulator: This user interface help the tax manager simulate the effect of a new rule or new
incremental setup data, such as a new tax rate.
3. Guided Configuration: Enables a tax manager, i.e., an expert in the domain of tax, to configure
the system to meet the tax requirements in one or more countries.
Additional Enhancements incudes Deferred Tax in Payables
Enhanced handling of Tax on Freight
Sales and Use Tax in procurement
Enhanced exemptions and exceptions
Multiple Tax Registrations
Multiple Recovery types
Tax reporting codes
New model provides a single access point for defining and managing internal bank accounts for AP,
AR, Oracle Payroll, Oracle Cash Management and Oracle Treasury.
Each bank account is associated with a Bank and Bank Branch defined in Oracles common Trading
Community Architecture (TCA).
Multi Org Access Control (MOAC) enabled for CM.
Subledger Accounting: available for setting up accounting rules and for generating journal entries
related to Cash Management transactions.
New Bank account balance types are supported for all internal bank accounts. Users are able to track
closing ledger and available balances as well as month-to-date and year-to-date averages.
Bank Account Transfers: Earlier available in Treasury only.
Cash Pooling: Earlier available in Treasury only.
Bank Statement Accounting: Allows users to define mapping rules that can automatically create and
reconcile transactions in Oracle Cash Management based on reported prior-day bank statement
lines. This was also available in Treasury in 11i.
Bank Account Signing Authorities: Users are able to indicate single and joint signing limits for each
bank account as well as signer group categories, effective dates, approval status, and other relevant
information. Was available in Treasury.
Cash Positioning Intra-day Activities: Provides additional flexibility in how users view intra-day bank
statement activity in their cash positions. Was available in Treasury.
SLA
o
Oracle Assets is fully integrated with SLA, which is a common accounting platform for
Sub Ledgers
We can use the seeded Account Derivation definitions or modify them as required
Many attributes have been added to the FA MASSADDITIONS interface table, including:
Asset life
Depreciation method
Prorate convention
Depreciation limit
Oracle Web Applications Desktop Integrator (Web ADI) has been enhanced to support the
following new columns:
o
Depreciation Method
Life in Months
Basic Rate
Adjusted Rate
Prorate Convention
Bonus Rule
Values can now be imported directly from your legacy system, instead of being derived
from asset category setups
Mass Addition
o
Consist of default rules and Public APIs that can be used by customers to complete the
preparation of mass addition lines automatically
Auto populate required fields such as Expense Account, Asset Category, and others
Reserve Summary
Asset Retirements
You are no longer required to run the depreciation rollback program manually
Depreciation rollback is executed only on select assets as required and not on the entire
Asset Book