Posted on February 4th, 2008 by Sanjit Anand |
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R12, Financial track is one of BEST release Ever. We have already seen some great functionality like:
- A single responsibility to access and transact on multiple organizations
- A single ledger to manage multiple currencies
- Ledger sets to manage accounting processes across ledgers
- Centralized rules engines for tax, accounting and inter company
- A separate and simple payment creation and delivery solution
- Centralized trading partners (suppliers, banks, first party legal entities)
- Simplified reporting via XML Publisher and DBI
- Netting across trading partners
Here are some of features old post :
Oracle Payable
Few Features like invoice Lines,Line level approvals,Matching to a PO shipment or receipt,Suppliers in TCA makes a complete new look. Read in details:
Read for more details
Legal Entity & Legal Entity Architecture
Read for Details
For more from David’s blog
Multi-Org Access Controls
Multi-Org Access Control feature allows you to enter, process data and generate reports from a single responsibility.
Read for More:
AP-AR netting
This is used to offset Payable & Receivables and other functionlity like trading Partner Approval.
Read for More:
General Ledger
New Features like :
Eliminate Accounting Errors by providing Alternate Accounts Replace Disabled Accounts,Introduction for Definition Access Sets,Introducing Ledger Sets in place of SOB
Read for More:
R12 Ledger
Read as partly covered
Subledger Accounting
Rule based accounting engine, toolset & repository supporting ALL Oracle E-Business Suite modules.
Read for More:
- R12 SLA: From Product Accounting to Subledger Accounting
- R12 SLA: Analyzing Subledger Accounting
- R12 SLA vis-Ã -vis AX of 11i
Intercompany
New featues centralized processing, a tight integration with Receivables & Payables along with nicly coupled with flexible approval rules makes a brand new A(advanced)GIS .New Reconciliation Tools is yet another that makes settlement progress easy.
Read for More details
Cash Managment
As bank Data Model has been changed and moved at a centralized place which get associated with legal entity association. Bank statement reconciliation become easier by more user friendly parameter.Other Features like centralized Balances & Interest,Interest Calculator,Bank Account Transfers makes a complete different look.
Read for More details
- R12 : Bank & Trading Community Architecture(TCA)
- R12 : EBS Banking Model in demanding and Changing World
Payment
Central Engine for Payment Disbursement and Funds Capture,Secure Repository for Credit Cards and Customer/Supplier Bank Accounts
Read for more details for technical coverage:
Balancing
To Support Intercompany & Intracompany Transaction, the difference can be best understood as:
11i:
Balancing Journal Entries generated at posting time by the General Ledger Posting routine
In R12, the Balancing Routine:
Generates balancing accounting entries for subledger journal entries at time accounting is created
Generates balancing journal entries at posting time for all other journals Centralized Balancing Routine
Check out details from David’s blog
Oracle Receivables
Fixed Assets