Posted on February 3rd, 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-a -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