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Posted on September 2nd, 2017 by Sanjit Anand ||Email This Post Email This Post

GCC Apart from India GST new in recent past , In another milestone towards the implementation of VAT across the Gulf Cooperation Council, the Unified Agreement for VAT was published in the official gazette of one of the member states, Saudi Arabia.

The Unified Agreement provides the framework for the operation of VAT across the GCC.

Each GCC member state will implement the framework through legislation and other instruments. This milestone is another reason for companies operating in the Middle East to put in place or further their VAT implementation plans.. Companies in these region already started for Implemnating GCC .

Let’s have a quick look :

The Gulf Cooperation Council (GCC) was formed in 1981 to create unity and economic stability amongst the member nations.

The International Monetary Fund recommended the introduction of an indirect tax system to increase revenue for the member countries.

All member states signed the VAT Framework Agreement, which establishes the main principles for the application of the VAT regime in the member countries.

Here are Key Highlights for KEY Unified VAT Framework


Currently , GCC Member Nations

  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates (UAE)

Each member will issue VAT legislation.

Majority of Tax system provide Tax Engine and Integration:

  • Logic to natively support Goods and multiple Services type transactions in the Kingdom of Saudi Arabia and the United Arab Emirates
  • Domestic, Intra-GCC, and International (Import and Export) transactions are all supported

Why GCC is getting some much attention

Reason , a deadline is given for these countries

  • United Arab Emirates and Saudi Arabia in Q4 2017
  • Qatar, Oman, Bahrain, Kuwait in 2018 (dependent on legislation)

Though , It’s official: 2018 will see the start of implementation of a value-added tax (VAT) across the Gulf states

Business Functional Area where get impacted [TRANSITION-RELATED CHALLENGES]

Businesses will face the impact of VAT in two ways: by the additional investments needed for compliance,as well as the higher input cost of the new VAT, itself .

However, companies may refrain from passing on the entire input VAT to consumers owing to the fear of losing business.

Some key Challenges can be best understood as :

In Procurement : Major Trabsition Releated challenges might be

  • Formulate new procurement strategies
  • Vendor management
  • Revisit contracts and arrangements

Accounting & IT System

  • Update financial and point of sale systems
  • VAT coding for payables and receivables
  • Electronic documentation/process automation [ if any]

Sales & Pricing

  • Assess impact of VAT on demand/current contracts
  • Pricing strategy and terms of payment
  • Customer management

Knowing Where to Start

So, where do you start to determine which approach is best for you? Deploy a new ERP in the cloud? Keep your core ERP and connect cloud VAT services? Should go with Tax vendor ?

There are a number of factors to consider:

  • What is the age of your existing ERP system? Are you running the latest version of the software, or are you on an old vesrion?
  • In how many countries do you do business?
    • The more geographies, currencies,and languages you operate in, the more rules, regulations, and compliance issues you will need to consider.
    • It might be worth a full-scale migration to cloud in order to keep on top of all the permutations.
  • How many transactions does your ERP process in a day?
    • The higher the transaction volume, the more important it is that your core system be scalable enough to meet demand.
  • Are you looking at a full ERP replacement in the near future?
    • If so, it might make sense to take a phased, “outside-in” approach—starting with tax applications in the cloud to meet the immediate VAT deadline, and then moving core ERP to the cloud at a later date.

No matter which approach you decide on, VAT is coming. Every GCC business will need to comply. I recommend that you form a project team as soon as possible to understand how VAT will impact your business and operating model.

Assess the capability of your existing systems to comply with the new regulations.And then, choose an implementation partner and a software vendor with the real experience and capabilities to meet your needs.

More Reading

You can get more reading

Closing Thoughts

As per The UAE Ministry of Finance

The system for VAT registration and payment is being developed to meet the very best global standards using leading-edge technology. All services will be online and accessible 24/7, responding to the requirements of business. This reflects the UAE’s aim to be a leader in innovation and technology across all aspects.

Posted in Finance, Functional, Fusion Application, Oracle Cloud * | No Comments »

Oracle Environmental Accounting and Reporting [ EAR] -Solution for capturing and reporting environmental and emissions data

Posted on February 19th, 2014 by Sanjit Anand ||Email This Post Email This Post

In Release 12.1.3 of the eBusiness Suite, Oracle included an Environmental Accounting and Reporting application.

Environmental Accounting and Reporting (EAR) enables to record and account for activities that have an impact on the environment. It provides the ability to store date effective energy consumption and emissions by location that are later used for environmental reporting.

EAR provides several flexible means to record environmental data through the use of standard transactions , such as invoice processing, inventory issues, batch entry, and manual
data entry.

Supported by a built-in emissions calculation engine that takes the emission factors, the emission sources and the transactional data, it computes the CO2 equivalent and the inventory usage, and stores the data where all the reporting is then done, the Environmental Data Ledger.

It allows the classification of green house gas (GHG) emissions data by Scope 1, 2, or 3 [ see more details at the end] , and also by standard industry codes

The application was originally built by an Australian company NDEVR and subsequently acquired by Oracle . [ Source Oracle Website]

Oracle Environmental Accounting and Reporting is an add-on module to Oracle E-Business Suite and provides multiple modes to capture environmental data, a GHG emissions accounting engine, and pre-built dashboards and reports to:

  • Record, account, track, and report activities that impact the environment.
  • Participate in voluntary GHG monitoring and disclosure programs such as Carbon Disclosure Project.
  • Identify opportunities to improve energy efficiencies and reduce GHG emissions.
  • Recognize and undertake early voluntary actions for reducing greenhouse gas emissions.
  • Fulfill mandatory GHG reporting requirements enforced by global and local legislations.
  • Enhance shareholders confidence as an environmentally conscious organization.

Some of the key features of Oracle EAR that allow you to achieve the above are:

  • Store date effective energy and emission factors for location specific GHG accounting.
  • Maintain an emissions audit data trail in the Environmental Ledger for a time based analysis, reporting, and statutory auditing requirements.
  • Classify GHG emissions data as Scope 1, 2, or 3 and by standard industry codes. Refer to the Setting Up chapter for more information on Scopes.
  • Configure organization hierarchy to meet specific analysis and reporting needs of the enterprise.
  • Record environmental data through several flexible means – through ERP transactions, manual batches or import using WebADI templates.
  • Report emissions data using Oracle Business Intelligence dashboards.
  • Define KPIs for tracking an enterprise’s sustainability performance.

Technology Overview

Oracle Environmental Accounting and Reporting uses the following Oracle technologies:

  • Oracle Business Intelligence Enterprise Edition (OBIEE).
  • Oracle E-Business Suite (EBS) Technology Stack.
    • Following applications of Oracle E-Business Suite to be able to run the EAR application:
      • Oracle System Administration
      • Oracle Inventory
      • Oracle General Ledger
      • Oracle Human Resource Management System
      • Oracle Payables
      • Oracle Assets
      • Oracle Projects
  • Oracle Data Integrator (ODI).

Oracle Environmental Accounting and Reporting

The centre of the diagram [ Fig 1] shows the environmental ledger [ CHG Ledger] – the central storage for EAR, which is supported by a number of configuration screens.
The top section of the diagram shows how environment source data may be collected from:

  • Oracle Payables (e.g. from electricity invoices which show usage statistics)
    • EAR integrates with Oracle Payables to capture data while processing Invoices with or without Purchase Order match, related to the supply and use of products and services that have environmental impact.
  • Oracle Inventory (e.g. if you have an onsite petrol bowser)
    • EAR integrates with Oracle Inventory to record data related to the issue of Items to Assets that result in environmental emissions
  • The Environmental Transaction Batches window (manual data entry specifically related to environmental sources)
  • Or upload data from spread-sheets using Oracle WebADI Templates (e.g. from data extracted fromother systems)
  • EAR leverages Oracle Data Integrator (ODI) to transfer the data from the Environmental Ledger to the Environmental Data Warehouse. The Oracle Business Intelligence application uses the data for environmental reporting through the pre-built dashboards and reports.
  • EAR enables you to record environmental transactions involving the issue of items, to assets defined in the Oracle Assets application.
  • EAR allows you to map Environmental Organizations to projects and tasks defined in Oracle Projects. While processing Invoices that have references to projects and tasks, EAR uses this information to identify organizations to calculate and store environmental data based on the projects and tasks mapped to the organization.

Environmental Reporting Overview

Oracle Environmental Accounting and Reporting provides the following pre-built dashboards to report the source usage, emissions data, carbon disclosure, and KPI measures for organizations:

  • Emissions
  • Energy
  • Metrics
  • Reporting
  • Summaries
  • Test
  • Transaction
  • Usage

Categorization of Emission Types

  1. Scope 1 : Direct GHG Emission from sources owned or controlled by the organization (i.e. gasoline that is put into a fleet of vehicles owned by the organization)
  2. Scope 2 : Energy Indirect GHG Emission from the generation of imported electricity, heat or steam consumed by the organization (i.e. electricity or gas bought by the organization)
  3. Scope 3 : GHG emission that arises from GHG sources that are owned or controlled by other org anizations (i.e. business travel)

Additional Reference

  • Oracle Environmental Accounting and Reporting User’s Guide 12.1 (# E23439-02)
  • MOS 1327248.1 – Oracle Environmental Accounting and Reporting Release Notes 12.1.3

Posted in Functional, General Interest, Oracle Application | No Comments »

Architecture Assessment

Posted on August 18th, 2009 by Sanjit Anand ||Email This Post Email This Post

Architecture Assessment is a thorough and repeatable process to evaluate changed business requirements and assess their impact/risk to System Architecture:

It involve evaluation of

  • Business Architecture-Business requirement gap analysis
  • Application Architecture-Application Design & Frameworks
  • Information Architecture -System Data Model and Data Migration
  • Technical Architecture-Infrastructure, Configuration Management and Security

Posted in Functional | No Comments »

Supply Chain Management (SCM) :Techno-functional Guide

Posted on July 25th, 2008 by Sanjit Anand ||Email This Post Email This Post

Read this:

This article is an easy guide for Techno-functional consultant to understand SCM from Implementation as well as Oracle Application product Prospective.Lets start the topic with some of high points of earlier post .

  • As mention in earlier post a Supply Chain is a network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product.
    • Make a note a supply chain is product specific, not company specific
  • Supply chain management (SCM) is a systematic approach to manage the entire flow of information, materials, and services from raw material suppliers through factories and warehouses to the end customer.
  • Moreover , SCM involves the flows of material, information and finance in a network consisting of customers,suppliers, manufacturers, and distributors.
  • You should be clear with Flow that SCM can manage :supply Chain Flow
    • The flow of actual materials, the top middle bars
      • From suppliers : flows of raw materials, intermediate products, finished goods
      • Reverse material flows : returns, repairs, servicing, recycling, disposal
    • and the information flows
      • From suppliers : manufacturing capacity, delivery schedules, promotions they have going
      • Reverse flows : sales, orders, inventory, quality, promotions
    • And finally, there are financial flows:
      • From suppliers: Credits, consignment, payment terms, invoice
      • Reverse Flows : payments, consignment
  • Supply Chain Management is the management of the entire value-added chain, from the supplier to manufacturer right through to the retailer and the final customer.
  • SCM has three primary goals: Reduce inventory, increase the transaction speed by exchanging data in real-time, and increase sales by implementing customer requirements more efficiently
  • The need for SCM is because effective Supply Chain Mgt. is the next logical step towards increased profits and market share.
  • Supply Chain Management (SCM) in line manager prospective is “let’s-keep-things-moving-efficiently”.

Read the rest of this entry »

Posted in Functional, Oracle Manufacturing | 3 Comments »

Organization Hierarchy model

Posted on July 7th, 2008 by Sanjit Anand ||Email This Post Email This Post

It was request from one of reader to provide some information for new organization Hierarchy model between two release of 11i and R12.Therefore invite you to run through the following diagram as below with some basics.

Read the rest of this entry »

Posted in Functional, Oracle Legal Entity Configurator | 1 Comment »

Oracle EBS & SWIFT

Posted on May 17th, 2008 by Sanjit Anand ||Email This Post Email This Post

Read this

Whenever the Bank Intergation is required , the very first term would come in mind is SWIFT , a very similar way as EDI sort of messaging servics that Financial sectors are using .So let explore what is SWIFT and how many of these can be potenially targetted for Integration .

double-arrow-28 What is a S.W.I.F.T?

S.W.I.F.T. (or SWIFT) stands for Society for Worldwide Interbank Financial Telecommunication. It is a non-profit organization comprised of member financial institutions. It was established in 1973 by European bankers who needed a more efficient and secure system for inter bank communications and transfer of funds and securities. Until then, all inter bank communications were by telephone, telex, courier, or mail.

double-arrow-28 Swift Messages

SWIFT messages are preset and referred to by category numbers called MT numbers. Through this network (a.k.a. SWIFTnet) information can be exchanged using special crafted messages known as Message-Types (MT).

Read the rest of this entry »

Posted in Functional, Oracle Application | 4 Comments »

Let’s Talk About ‘Security Groups’ functionality available within Oracle HRMS

Posted on December 19th, 2007 by Sanjit Anand ||Email This Post Email This Post

There was a requirement to provide a particular BU user to access to other BU PO’s for approval. Normally such kinds of requirement always happen in today’s complex business model . To implement this requirement a best we can do it is to use of new profile option which was introduced in Oracle 11i called HR: Cross Business Group , which need to switched on (i.e. set to “Yes”) can be used .This new profile option makes it possible for Oracle Application users to view and modify certain specific areas of data across all business groups.

From 11.5.9 onward in HRMS there are two Security Models as:

  • Standard HRMS Security
  • Security Groups

The first one is Standard HRMS security which normally requires defining a security profile, and defining a responsibility for use by application users, whereas security groups means whereby you can reuse a responsibility and assign it to different security profiles in different business groups if required.

Typically Multi-national Companies would be benefited from security as they normally have concept of service centres using multiple business groups and security profiles.

gre The good and bad in new Security Group Model

The Standard Security Model on Oracle HRMS forces a responsibility to be tied to only one business group/security profile. This means that when new business groups are added a brand new set of responsibilities must be set up for the business group, even if the new set of responsibilities is identical in every respect to existing responsibilities assigned to another business group.

The new security group model can cut down dramatically on the number of responsibilities required as it allows responsibilities to be reused by many different business groups.

Here are the key points of how the new security group functionality works.

  • Every time a business group is created a new security group of the same name is also created.
  • Security profiles are defined the same way they are now. There is no change in this functionality.
  • Form Assign Security Profile is activated under the new security model. This form allows a user to be linked to a security profile, responsibility, security group (business group) combination.
  • Profile option HR: Business Group is no longer set manually for HRMS responsibilities. This profile option will be set dynamically when a user selects a responsibility/security group combination at logon.
  • Profile option HR: Security Profile is no longer set manually for HRMS responsibilities. This profile option will be set dynamically when a user selects a responsibility/security group combination at logon.
  • The \Security\User Define Screen in the System Administrator responsibility is no longer user to assign HRMS responsibilities to users as this is now done in the new Assign Security Profile screen.

Please note, that although it is possible in the new security group model to access many business groups through the same responsibility, because of the way users are now assigned to responsibility/security group combinations, an HRMS user can only access the data in one business group at any one time.This can be best understood in next section.

red Overview of Standard Security Model versus new Security Group Model

Lets try to understand by a simple diagram below, what is here is 3 BU defined in global instance representing three BU X-Singapore, X- Australia and third one X-UK. The simple diagram below shows the difference in responsibility set-ups associated with each model.

old securitymodel

In the standard security model when a user logs on or decides to change responsibility the list of responsibility names they have access to are presented to them to select from. In the security group model when a user logs on or decides to change responsibility the list of responsibility names and the associated security group (i.e. business group) assigned to the user are presented to the user to select from. This difference can be best described as:


ora3 steps away to switching to the new security model

The steps required to switch to the new security model are as follows;

  • Profile option HR: Cross Business Group should be set to “Yes”.
  • Profile option Enable Security Groups must be set to “Service Bureau”
  • Concurrent request Enable Multiple Security Groups must be run.

purpNot to Forget

Once the new security model is switched on, it cannot be switched off.

bluSuggested Reading

  • Enhancements in Oracle HRMS Security in R11.5: Note:202478.1
  • How Does the Cross Business Group Profile Option Impact the Application :Note:224822.1
  • Understanding and Using HRMS Security in Oracle HRMS :Note:394083.1

Other related post in Security

Posted in 11i, EBS Suite, Functional, HRMS | 6 Comments »

Dealing with Foreign Currency : “Conversion”

Posted on December 18th, 2007 by Sanjit Anand ||Email This Post Email This Post

This refers to foreign currency transactions that are immediately converted at the time of entry to the functional currency of the Set of Books in which the Transaction takes place.

Conversion uses a daily rate that is either supplied by the user or pulled from the Daily Rates Table at the time the transaction is entered.

The Rate Type is simply a label to identify the kind of rate used in a transaction.

In EBS suite, “User” rate Type is reserved, whereas other rate type like “Corporate” and “Spot” used for the seeded data in GL currency table.

When such a transaction is posted, a separate balance is kept in the GL_BALANCES table of all accounts entered in a foreign currency and their equivalent balance in the functional currency.

When you see the information in GL_BALANCES table, which keeps a cumulative balance for the foreign and the functional balance in an account; the rate information is missing. The rate information and the transaction-by-transaction detail is kept in the GL_JE_LINES table. GL_BALANCES only keeps the total amount entered for a particular account in a particular currency and the total functional amount for those foreign transactions. This allows for the segregation of portions of an account balance by the different currencies used in each transaction.

Finally lets compare all three

This table has compares the three Foreign Currency concepts:

JE creation

Related Posts in series for “Dealing with Foreign Currency”

Posted in EBS Suite, Functional, Oracle General Ledger | 1 Comment »

Dealing with Foreign Currency :Translation

Posted on December 16th, 2007 by Sanjit Anand ||Email This Post Email This Post

Similar to Revaluation, there is another term called ‘Translation’ , a feature that linked with Foreign Currency transactions in General Ledger.

arrow next redTranslation

Translation is used to translate an entire set of books or balances for a company from the functional currency to a foreign currency.

This feature can translate both actual and budget balances. If the system have enabled average balance processing then the system can translate average balances as well.

Translation is frequently used to prepare financial reports for consolidation into global financial statements.

Translation uses periodic rates and, optionally, historical rates in compliance with FASB52.

FASB stands for Financial Accounting Standards Board which is a group within the Accounting field that issues bulletins on how to account for various financial events.

arrow next redHow does the system translate balances?

As per Metalink Note 1061166.6, FASB52 states that when translating a Trial Balance from one currency to another, the following conventions should be used:


arrow next redHow does the system translate balances?

Assets and liabilities are translated by multiplying the YTD balance by the Period End Rate.

YTD (translated currency) = Rate X YTD (functional currency)

Whereas,revenue and Expense balances are translated using the PTD balance for each period and the corresponding Period Average rate for each period; therefore, translation must be performed for the first period of the fiscal year forward to the period for which translation is required. Rates must also exist in the Period Rates table back to the first period of the fiscal year in which the translation is being performed.

PTD (translated currency) = Rate X PTD (functional currency)

In the Stock and Ownership Equity accounts, historical rates are generally used. but there are certain other special cases requiring the use of Historical rates.

Point that should be noted is EBS GL allows the use of an amount to be used as the translated balance for the account specified rather than calculating the amount using the Historical Rates. This feature allows the translated balance to be calculated outside of the application in lieu of setting up and maintaining the Historical Rates. Historical Rate usage is set up by specifying a range of accounts to use Historical Rate translation. This set-up overrides the above rules for using the Period End and Period Average rates.

arrow next redCumulative Translation Adjustment Account

Since the Balance Sheet and the Profit and Loss accounts are being translated using different rates, the translated Trial Balance is no longer in balance. The amount required to bring the foreign Trial Balance back in balance is called the Cumulative Translation Adjustment or CTA. This account is specified in the Set of Books set-up screen. The accounts and the amounts in them are created and populated dynamically when the Translation process get completed successfully.

You should note that CTA is typically a Balance Sheet account, the account type is determined when the account value is defined for the account

arrow next redSome of the underline report for Translation :

  • Historical Rates Execution Report : This is used to review the historical rates, mounts or weighted-average rates you assigned to individual accounts or ranges of accounts.
  • Translated Trial Balance Report :This is for reviewing account balances and period activity after running translation.

arrow next red..What happen in Oracle when Translation Run?

Translation is very table-space intensive. When this run its roughly doubling one period of data held in the GL_BALANCES table.

arrow next redSuggested Reading at Metalink

  • How Does the Translation Process Calculate the Translated Amounts? Note 188530.1

Related Posts in series for “Dealing with Foreign Currency”

  1. Dealing with Foreign Currency :”Translation”

Posted in Finance, Functional, Oracle Application, Oracle General Ledger | 3 Comments »

Dealing with Foreign Currency : “Revaluation”

Posted on December 14th, 2007 by Sanjit Anand ||Email This Post Email This Post

Lets take some thoughts on Oracle GL Foreign Currency exposure.As we know three key terminology most wildly used in GL that pertain to foreign currency. They are Conversion, Revaluation, and Translation.Lets start with Revaluation:


Revaluation – when ,what & why?

Revaluation is used if, and only if, you have foreign currency transactions (i.e.Conversion of foreign currency transactions). Revaluation uses the Period Rates Table. The Revaluation Rate is simply 1/Period End Rate.

redarrow-1The Revaluation Process:

1.)Finds accounts within the range of accounts specified that have all or a portion of their balance derived from foreign currency transactions;

2.)takes the foreign currency portion of the account balance and revalues it using the Revaluation Rate from the Period Rates Table;

3.)figures the difference between the current cumulative functional balance of these foreign transactions and the revalued functional currency balance calculated using the Revaluation Rate;

4.) creates an unposted journal batch to adjust the account balance to the new revalued balance calculated using the Revaluation Rate. The offsetting account is an Unrealized Gain/Loss account specified when running the Revaluation process.

Don’t be confused by the fact that the Revaluation process revalues transactions entered using Daily Rates with rates from the Period Rate table; the rate it is using is simply the “Daily Rate” on the last day of the month stored in the Period Rate Table.

The purposes of Revaluation is to “true-up” liability or asset accounts that may be materially understated or overstated at month-end using an exchange rate at month- end. This understatement or overstatement is caused by an unacceptable fluctuation in the exchange rate between the time the transaction was entered into and the period of interest for reporting, usually at a month-end. Revaluation is only necessary while the obligation remains unsettled (example ..the invoice is still unpaid or the receivable uncollected). The Realized Gain/Loss will be recorded at the time the obligation is settled.

Take a note revaluation can be done on any account, but typically,this is done for balance sheet accounts, whose balance is made up of open
transactions (ie. Accounts Payable, Accounts Receivable).

Revaluation is typically done for reporting purposes only; therefore, the journal entries produced as a result should be reversed in the following period.

Although Revaluation is intended to be used when transacting in currencies because of fluctuating Forex rate in the unstable economies, more and more company who is operating in Multi national environment , normally using this functionality by creating Journal Entries to reconcile their foreign subsidiary intercompany account.

The idea being that they are getting translated balances from their subsidiaries that do not balance to their inter company due to using different rates throughout the month to record inter company transactions.

Revaluation is used to revalue all these transaction at the same rate the foreign subsidiary used to translate their intercompany balance.

redarrow-1How to specifying PTD or YTD Revaluation

We can use the setting in the profile option ‘GL: Income Statement Accounts Revaluation Rule’.

The following values are available:

PTD: Only PTD balances will be revalued for income statement accounts.

When you select PTD, the Revaluation program only revalues the PTD balances of your income statement accounts but continues to revalue YTD balances for balance sheet accounts.

YTD: Only YTD balances will be revalued for income statement accounts.
When you select YTD, then the revaluation program behaves as it did before, revaluing YTD balances for both your income statement and
balance sheet accounts.

redarrow-1Formula Used By Revaluation Calculation


REVALUATION ACCOUNT AMOUNT= ((begin_balance_dr + period_net_dr – begin_balance_cr -period_net_cr) * revaluation_rate)
(begin_balance_dr_beq + period_net_dr_beq – begin_balance_cr_beq – period_net_cr_beq)


REVALUATION ACCOUNT AMOUNT = ((period_net_dr – period_net_cr) * revaluation_rate))
(period_net_dr_beq – period_net_cr_beq)

Will explore some more in foreign currency functionality area , keep watching…Happy weekend :)

Posted in EBS Suite, Functional, Oracle General Ledger | 6 Comments »

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