Overview of the  financial architecture in oracle e business suite release 12
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Overview of the financial architecture in oracle e business suite release 12

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www.Magnifictraining.com-oracle apps r12 scm fuctional online training. ...

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Oracle Apps Finance Functional R12 Online Training Course Details
Oracle Apps R12 Summary Course Content
Payables (AP)
Receivables (AR)
General Ledger (GL)
Fixed Assets (FA)
Cash Management (CE)
Multi Org Access Control (MOAC)
Sub Ledger Accounting (SLA)
R12 Detailed Course Content:
Basic Concepts of R12
Architectural Overview – System Administration
UI Navigation changes in R12 Vs 11i
Flex fields
Access and Controls
Functional overview of Products
Concepts of LE/OU/Chart of Accounts
Differences between R11 Vs 11i-sneek peek review
Creation of Users and assignment of Responsibilities
Profile Options and security controls

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  • Globalization Changes EverythingComplexity: Managing the Inevitable <br />
  • Seeking High Performance, Corporate Finance Departments Turn to Simplification, PricewaterhouseCoopers Finds Standardization and Best Practices their Primary Focus <br /> These findings are from interviews with 117 top executives of large, U.S.-based multinational businesses, for PricewaterhouseCoopers&apos; Management Barometer.NEW YORK, April 17, 2006-- Senior executives believe that their company&apos;s finance department lags competitively in its effectiveness and performance--with the leveraging of technology seen as a particular vulnerability. To regain their edge, more than half are going back to basics--turning to simplification, standardization, and best practices to improve performance and management information for decision-making. <br />
  • Even though many Finance organizations have aspired to a more strategic role in the business for some time, what’s surprising is how far they still have to go to achieve that goal. An IBM study of 250 CFOs in 2005 shows that Finance still spends nearly half its time on transaction processing, a quarter on control-related activities, and only a quarter on decision support. The figures on the right explain why progress has been slow. Only half the CFOs interviewed have tackled the basics of finance transformation by improving processes or rationalizing technologies. <br />
  • “My business will be more competitive with better support for global work that crosses applications, divisions, and regions” <br /> “I can make more informed and compliant decisions with a global view of customer / supplier / partner / operations.” <br /> “R12 makes it easier and less expensive for me to implement , manage, and scale global applications.” <br /> Business will be more competitive with better support for global work that crosses applications, divisions, and regions <br /> Maintain a common system for global compliance. Internal Controls Manager provides a single system to standardize, document and audit internal controls and monitor ongoing compliance. <br /> Operate more efficiently with single global access across multiple lines of business. The new Ledgers and Ledger Sets allow for processing and reporting across different accounting entities. With multi-organization access control (MOAC) transactions can be managed across multiple operating units. <br /> Pre-built, adaptable vertical flows accelerate industry-specific business processes <br />
  • Now, I’m going to explain how to define a security profile. Using Oracle HRMS, you can define your security profile using two forms: The Security Profile form or the Global Security Profile form that is shown here. Both forms look almost identical. <br /> The Security Profile Form allows you to select operating units from only one Business Group. The Global Security profile Form allows you to select operating units from multiple Business Groups. <br /> The decision on which form to use is really up to you and depends on your HR implementation and how you want to partition data. All you need to do is enter a name, and select the Security Type called “Secure organizations by organization hierarchy and/or organization list”. This allows you to assign multiple OUs. When assigning operating units, first select classification Operating Unit, and then select the organization or Operating Unit name. You can assign as many operating units as you want. <br />
  • Company California Initiates a Manual Intercompany Transaction, either via the ‘Self Service’ Web Interface or form and Excel Spreadsheet (using Web ADI) <br /> Intercompany determines if invoices are required based on AGIS set up and Legal Rules, A Legal Rule will take precedence over AGIS System Options. <br />

Overview of the  financial architecture in oracle e business suite release 12 Overview of the financial architecture in oracle e business suite release 12 Presentation Transcript

  • Overview of the Financial Architecture in Oracle E-Business Suite Release 12 Online | classroom| Corporate Training | certifications | placements| support CONTACT US: MAGNIFIC TRAINING INDIA +91-9052666559 USA : +1-678-693-3475 info@magnifictraining.com www.magnifictraining.com
  • The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
  • Agenda • What We Set Out To Address • Release Twelve: The Global Release • Global Architecture • MultiOrg Access Control • Subledger Accounting • Ledgers and Ledger Sets • Ledger Considerations • Global Business Functions • Legal Entities • Accounting Set Up Manager • E-Business Tax • Advanced Intercompany • Banking Model
  • <Insert Picture Here> What we set out to address
  • National and International Laws & Regulations Actions by Competitors Changing Customer Requirements Industry Standards and Regulations Tax Codes Changing Workforce Attitudes International Reporting Standards Language and Cultural Differences 11 Doing Business Globally is Complex Top Drivers of Complexity 22 33 44 55 66 77 88 Direct impact on Finance
  • Make it Simpler to do your job Control Costs by Managing Complexity 50% Senior executives say simplification is driving the Finance agenda Major Focus Standardizing operating practices and controls 69% Standardizing policies and business rules 66% Standardizing and integrating finance systems 59% Adopting best practices 58% Optimizing the finance organization and its reporting structure 52% Reducing reliance on spreadsheets 33%
  • Make it Easier to do Your Job Transactional Activities Control Activities Decision Support, Performance Mgmt 50% Improve processes or rationalize technologies 60% Standardize policies, rules, and processes across the entire enterprise 73% Implement a shared services model * 80% Adopt best practices or simplify processes across the entire enterprise 47%26% 27% The Agile CFO, IBM Business Consulting Services, 2005 * Deloitte Consulting, 2006 How Finance Spends its Time % Yet To…
  • Controlled Transaction Entry Comprehensive and compliant processing Transparent Audit, Reconciliation & Drilldown Easy Reporting Analytics Customers: Centralize, Simplify, Standardize Work Globally, to be more competitive Think Globally, to make the right decisions Manage Globally, to lower cost and increase performance Financial Data for Management - and Compliant National Compliance Local Regulation National COA Local Calendar Corp. Compliance US GAAP / IAS-IFRS Corp COA Corp Calendar $ Joint Compliance US GAAP / IAS-IFRS Corp COA Corp CalendarA$+$ € Parent Compliance US GAAP / IAS-IFRS Corp COA Corp Calendar €+$ +
  • WORK GLOBALLY To Be More Competitive THINK GLOBALLY To Make the Right Decisions MANAGE GLOBALLY To Lower Cost & Increase Performance How Financials Release 12 Can Help Financial Control & Reporting Credit-to-Cash Procure-to-Pay Treasury & Tax Performance Management Profitability Management Business Intelligence Integration Data Management Reporting Governance, Risk & Compliance Asset Management Travel & Expense Global: 1. Of, relating to, or involving the entire earth; worldwide: global peace; global monetary policies, etc. 2. Comprehensive; total: a... global, generalized sense of well-being
  • Financial Architecture BankBank ModeMode ll TaxTax EngineEngine InterInter CompanyCompany General LedgerGeneral LedgerLedger & LedgerLedger & Ledger SetsSets General LedgerGeneral LedgerLedger & LedgerLedger & Ledger SetsSets Subledger Accounting (SLA)Subledger Accounting (SLA) DrDr CrCr ProjectsReceivablesInventory Work in Process Purchasing Payables Multi-Multi- OrgOrg AccessAccess ControlControl 6 Major Initiatives 1. Ledger and Ledger Sets 2. Multi-Org Access Control 3. Subledger Accounting 4. Tax Engine 5. Intercompany 6. Bank Model
  • <Insert Picture Here> Multi-Org Access Control ThinkWork Manage
  • ResponsibilityResponsibility ResponsibilityResponsibility ResponsibilityResponsibility Holland Legal Entity Denmark Legal Entity Belgium Legal Entity Functional Tasks  Order Management  Dunning, Collections, Billing  Requisition, Demand & Purchase Orders  Receiving & Drop Ship  Invoice Receipt, Disbursement  Customer Data Management  Accounting Setup Functional Tasks  Order Management  Dunning, Collections, Billing  Requisition, Demand & Purchase Orders  Receiving & Drop Ship  Invoice Receipt, Disbursement  Customer Data Management  Accounting Setup Single Responsibility Belgium Operating Unit Holland Operating Unit Denmark Operating Unit Perform multiple tasks across operating units without changing responsibilities MOAC: Multi-Org Access Control Role based access to Operating Units
  • Purpose Built Cross OU “Desks” Shared Services Shared ServiceShared Service Product ReferenceProduct Reference Order Management Order Management Dunning, Collections, Billing Receivables Requisition, Demand & Purchase Orders Procurement Receiving & Drop Ship Supply Chain Management Invoice Receipt, Disbursement Payables Customer Data Management Trading Community Architecture Accounting Setup Accounting Setup Manager
  • Multiple Organization Access Control Summary of Changes • Security Profiles for data security • MO: Security Profile • List of operating units for a responsibility • Defined in HR • OU field on UI • all transactions • setup data specific to OU, like transaction type • Enhanced Multi-Org Reporting and Processing • Ledger/Ledger Set parameter on accounting reports and processes • OU parameter on other standard reports and processes • For example: submit the Payables Open Interface Import w/OU param null to import all records across all OUs
  • Multi-Org Access Control In practice Classify Organization as operating unit Select Operating Unit classification Select Operating Units In daily use Run Reports Across Operating Units
  • <Insert Picture Here> Subledger Accounting ThinkWork Manage
  • ProjectsProjectsReceivableReceivable ss PayablePayable ss 3rd Party Systems InventorInventor yy 3rd Party Systems Centralized Accounting Policies Greater Control, Transparency and Auditability • Internal control and compliance with multiple accounting policies through user-defined accounting rules • Single source of truth for all subsystem accounting activity with a common data model and repository • Accounting, reconciliation and reporting facilitated by centralized data model • Streamline closing process with common posting engine • Auditable and transparent entries accessible with full drilldown Centralized Accounting Model,Centralized Accounting Model, Rules, Engine and RepositoryRules, Engine and Repository DrDr CrCr General LedgerGeneral LedgerGeneral LedgerGeneral Ledger Work inWork in ProcessProcess PurchasingPurchasing
  • Subledger Accounting Centralized Rules, Common Repository: Global Control Payables Invoice French Rules Plan Comptable French Calendar EUR Ledger Subledger Accountin g Subledger Accountin g Dr Cr • Faster, Easier Reconciliation • Corporate Rules = Accounting Standardization • Local Rules = Improved Local Compliance • Automate “Apples to Apples” Adjustments • Improved Audit- ability • Improved Internal Control Some Benefits • Accounting Rules • SarBox & 8th Dir. • User Editable • Subledger Daybooks (Journals) • Subledger Balancing • Reports, inquiries, open items, et cetera • Multiple Representations • Common Posting to GL Ledgers • Real time or Periodic What it is
  • Subledger Accounting Transaction Level Compliance Event Class: Invoices Event: Invoice Approved Ledger: France (EUR) GL Date: 20-Sep-2005 Description: Office supplies Type Account Description Debit Credit Asset purchase 01.9100010.100 Paris: furniture 10,000 Misc expense 01.9100020.100 Paris: supplies 400 Misc expense 01.9100020.200 Nantes: supplies 100 Misc expense 01.9100020.300 Nice: supplies 300 VAT 01.3100060.000 VAT@17% 1,836 Accounts Payable 01.7000010.000 ABC Supplies 12,636 12,636 12,636 • National Daily Journal Requirements • Internal Control: Central Definitions, Eliminate overrides • Policy Enforcement in Volume Processing • Transparent Accounting Rules • Debits & Credit at the point of the event • Automate Foreign Operation adjustments • Reconciliation Platform • “In accordance with the Underlying Records”
  • Opening Balance Debit Credit Closing Balance SUBLEDGER ACCOUNTING Receivables Customer One 250,000 150,000 400,000 - Customer Two 350,000 250,000 450,000 150,000 Customer Three 100,000 1,500,000 1,400,000 200,000 Customer Four 100,000 800,000 750,000 150,000 Customer Five 200,000 300,000 500,000 - Total 1,000,000 3,000,000 3,500,000 500,000 Payables Vendor I (250,000) 1,000,000 900,000 (150,000) Vendor II (100,000) 75,000 50,000 (75,000) Vendor III (150,000) 725,000 775,000 (200,000) Vendor IX (250,000) 1,000,000 975,000 (225,000) Total (750,000) 2,800,000 2,700,000 (650,000) Opening Balance Debit Credit Closing Balance GENERAL LEDGER Cash 100 3,500,000 2,750,000 750,100 Receivables 1,000,000 3,000,000 3,500,000 500,000 Inventory 500,000 1,200,000 1,500,000 200,000 Assets 100,000 100,000 Prepayments 1,000 1,000 Payables (750,000) 2,800,000 2,700,000 (650,000) Accruals (250,000) 50,000 (300,000) Shares (100,000) (100,000) Previous Results (501,100) (501,100) Balance Sheet - 10,500,000 10,500,000 - Sales 3,000,000 (3,000,000) COGS 1,500,000 1,500,000 R&D 300,000 300,000 S&M 300,000 300,000 G&A-Fin 300,000 300,000 G&A-IT 150,000 150,000 G&A-HR 150,000 150,000 Period Income 300,000 300,000 Income Statement - 24,000,000 24,000,000 - Ticked & Tied General Ledger SLA Detail SLA Controls that GL Balances and SLA Balances tie, and that both tie to the document (invoice, payment, etc.) sources
  • US GAAPUS GAAP US COAUS COA USUS CalendarCalendar EUREUR Ledger BLedger B French RulesFrench Rules PlanPlan ComptableComptable FrenchFrench CalendarCalendar EUREUR Ledger ALedger A Multiple Accounting Representations Global Compliance – Statutory and Stock Market SubledgerSubledger AccountinAccountin gg SubledgerSubledger AccountinAccountin gg Single subledger transaction can create multiple accounting representations and in multiple currencies Single subledger transaction can create multiple accounting representations and in multiple currencies DrDr CrCr Payables InvoicePayables Invoice Chose to use an alternative Ledger - or just an Adjustment Ledger or segment Chose to use an alternative Ledger - or just an Adjustment Ledger or segment or Multiple LedgersMultiple Ledgers
  • SLA keeps the Subledgers & GL tied out Keep the auditors happy! GL Journal Entries and BalancesTransactions (& adjustments) Subledger Applications Accounting Events Reconciled: Docs, SLA, GL in synch Accounting Configurations Journal Entry Setup Accounting Program Subledger Journal Entries Subledger Balances Subledger Accounting Service General Ledger
  • <Insert Picture Here> Ledgers and Ledger Sets ThinkWork Manage
  • Ledger One Repository of Financial Truth US GAAP US COA US Calendar EUR Ledger BLedger B Reporting Currency Implements the 4Implements the 4 C’s:C’s: AAcccountingcounting MethodMethod CChart of Accountshart of Accounts CCalendaralendar CCurrencyurrencyThe balance on Creditors (COA) is 4.2M Eur (Currency) on March 31, 2006 (Calendar) according to IAS/IFRS definitions (Accounting Method)
  • Ledger Sets US GAAP US COA US Calendar EUR Ledger BLedger B French Rules Plan Comptable French Calendar EUR Ledger ALedger A Reporting Currency
  • Ledger Sets LedgerLedger SetSet LedgerLedger SetSet Key benefits to many Ledgers in one set • Decision-driving business information always available • Simpler processing and General Ledger management • Data and definitions that can be shared and secured US GAAP US COA US Calendar USD US GAAP US COA US Calendar USD Ledger CLedger CLedger CLedger C US GAAP US COA US Calendar EUR Ledger BLedger B French Rules Plan Comptable French Calendar EUR Ledger ALedger A Share:Share: CChart ofhart of AccountsAccounts CCalendaralendar Ledger DLedger DLedger DLedger D Reporting Currency US GAAP US COA US Calendar AUD
  • Currency in Release 12 • Transaction Currencies • Accounting Currency in Primary Ledger • Reporting Currency in Primary Ledger • More Accounting Currencies in Secondary Ledgers • For every transaction OR • For SLA Posting level / GL activity level • Balance level Translation or Remeasurement in Ledgers – within Ledger sets, run at one click • Balance & Activity level Translation or Remeasurement in Financial Consolidation Hub • Enhanced Revaluation • [Functional Currency term dropped: conflicts with IAS 21 / FAS 52]
  • Data Access, Definition Access • Data Access Sets • Grant and tailor access to Ledgers and Balancing Segment Values (i.e. Companies, Stores, Branches, etc.) Accountant Privileges France LedgerFrance Ledger Canada LedgerCanada Ledger US LedgerUS Ledger GL Manager View Write • Definition Access Sets – separate from data security • Share, restrict definitions; privileges to view, modify, etc.
  • <Insert Picture Here> Ledger Considerations
  • Ledger Sets – Work them your way Corporate Ledger Set adjustments eliminations UK Ledger Set US Ledger Set Legal Ledger UK1 Legal Ledger UK2 Adj Ledger Corporate Adjustment Ledger UK Adjustment Ledger US Legal Ledger US1 Legal Ledger US3 Legal Ledger US2 Management Ledger Set • Automate GAAP / IAS adjustments in an adjusting ledger • Eliminate within a Set with GCS • Consolidate Formally in FCH • Map from a non-conforming COA with a GCS Ledger • Set of 26 Ledgers in one country • Euro Zone in One Ledger Set • My Corporate Set in US GAAP • Statutory Set for Country Y Subs • Division X Worldwide Ledger Set
  • When to use a Secondary Ledger, an Adjusting Segment or an Adjusting Ledger? AdjustingAdjusting SegmentSegment AdjustingAdjusting LedgerLedger SecondarySecondary LedgerLedger Corp. wants GL balances per Parent GAAP Corp. wants “Just the adjustments, thank you” Corp. wants a complete Parent GAAP & Currency edition of the Sub’s books Subsidiary books are pretty similar to parents Mapping gets us most of the way to Parent Subsidiary books are quite alien to parents No inventory Inventory is the big difference Inventory is one of the big differences National chart of accounts is clearly related to IAS IFRS or GAAP balances Manageable series of reclassifications National chart of accounts is radically different from corporate National Controllership - Corp GAAP known Regional Controllership - Corp GAAP administered Parent Controllership Mexico plant, US parent Balances are enough (Full drill down available) See they’ve been properly adjusted to our rules Every petty cash slip
  • Legal Entity: Your Registered Companies Legal Authorities Countries, States, Local, Agencies, Taxation, Registrars, Regulators... Legal Entities Registered Companies, Funds, Partnerships… Inc. LLC. Ltd. SA. GmBH. Etc. “exist in the outside world” Management Orgs Divisions, LOBS, Plants, Cost Centers, Whatever = “Decision Making Tags” Regulates Managed & analyzed by Public Company (ultimate parent) Public Company Subsidiary Company (regional parent) Subsidiary Company (business parent) Subsidiary Company Subsidiary Company Subsidiary Company Subsidiary Company Subsidiary Company • Parent companies (LEs) “own or control” subsidiaries (LEs) • No outside ring - must pick an LE • LEs create commercial transactions Complies
  • LEs: Why and What? • LEs pay the taxes - need tax registrations • Trade between LEs needs intercompany • LEs own the money and bank accounts • LEs file the accounts, take care of accounting • LEs comply with whatever needs compliance: “legal” in LE Why We Care • Addresses, Officers, etc. • Enabled First Party stamp • Added Establishments: map Registrations to Authorities • GRE/LE not touched • Authorities as TCA parties • LE Configurator What we’ve done
  • Setup and maintain: Legal Entities, Establishments, Jurisdictions, Legal Authorities, Legal Addresses Tabulate your Registered Companies and other forms of LE
  • Where LE fits in… Transaction Taxes -Complies & Files, Pays Actual Registered Companies, etc. Et Cetera, 11iMaintains its Subledger Documents in many OUs Default Legal Context (DLC) Maintains its Subledger Documents in many OUs Default Legal Context (DLC) Accounts for itself in a Ledger or BSVs Accounts for itself in a Ledger or BSVs Legal Entity Ledger Business Group GRE/LE Operating Units Registrations with Authorities FilesFiles FilesFiles Establishments Registrations with Authorities Legal Entity: Vehicle for compliance Legal Entity: Vehicle for compliance Exists Locally
  • Transaction Taxes -Complies & Files, Pays Actual Registered Companies, etc. Et Cetera, 11iMaintains its Subledger Documents in many OUs Default Legal Context (DLC) Maintains its Subledger Documents in many OUs Default Legal Context (DLC) Accounts for itself in a Ledger or BSVs Accounts for itself in a Ledger or BSVs Legal Entity Ledger Business Group GRE/LE Operating Units Registrations with Authorities FilesFiles FilesFiles Establishments Registrations with Authorities Exists Locally Legal Entity: Vehicle for compliance Legal Entity: Vehicle for compliance Get the LE Right Compliance Falls Into Place Let’s put LEs to work • Isolate legal compliance from management needs • Track your registered companies • Make your compliance flow more easily Accounting Setup Manager Assign books, bookkeeping rules and currency management to your registered companies EBusiness Tax Have your registered companies calculate, file, and pay the transaction taxes they owe Intercompany Do business between and across your registered companies with full legal documentation Bank Model Have your registered companies use their money to pay their bills, et cetera
  • <Insert Picture Here> Accounting Setup Manager (ASM) ThinkWork Manage
  • Define Multiple Ledgers for Rules & Currencies Define Legal Entities & Associated Rules One Place to manage Your Global Accounting Rules, Currencies, Ledgers, And Ledger Sets Set Accounting Rules for All EBS Apps Ensure Complete & Accurate Setup via Online Checklist Centralized Set-up Accounting Setup Manager
  • <Insert Picture Here> E-Business Tax ThinkWork Manage
  • Automation • Tax content for certain countries • Vertex and Taxware integration for U.S. • Integrity checks during setup process Constant Changes in Tax Laws and Regulations • Date effective setup • Tax rules flow for change or creating rules • Tax simulator for setup, rules, and transactions Business NeedsBusiness Needs SolutionSolution Local Compliance • Tax registrations and tax reporting codes • Tax lines determine applicable taxes • Configurable tax reporting templates Centralized Global Tax Information Visibility • Single set up for all Oracle applications • Use of E-Business Suite components such as trading partner geography, trading partner classification, legal entity, inventory item categorization, and accounting event.
  • Tax Transactions Taxes, Rules Oracle E-Business Tax Processing taxes for transactions and reporting Determine Regimes Taxable Basis Calculate Tax Amount Tax Status & Rate Applicable Taxes Single Interface for TransactionsSingle Interface for Transactions Transparent Integration with Tax Partner ServicesTransparent Integration with Tax Partner Services Parties Places Products Processes Payables Receivables Purchasing Transactions Sales Orders … Tax Reports - PDF, HTML, RTF - Security enabled  Extensible  Service Oriented Architecture  Compliance, Assurance  Efficiency, Global Visibility
  • <Insert Picture Here> Advanced Intercompany (AGIS) ThinkWork Manage
  • Web UIWeb UI OpenOpen Interfaces /Interfaces / APIAPI ExcelExcel (Web ADI)(Web ADI) Advanced Global Intercompany System SubledgerSubledger Invoices &Invoices & DocumentsDocuments  Generate subledger invoicesGenerate subledger invoices  Control transaction entry withControl transaction entry with Intercompany CalendarIntercompany Calendar  Fully Configurable Approval RulesFully Configurable Approval Rules  Flexible Security ModelFlexible Security Model  Centrally defined IntercompanyCentrally defined Intercompany AccountsAccounts OnlineOnline ReconciliationReconciliation ReportingReporting XMLXML PublisherPublisher ReportsReports Advanced Intercompany System Address the Top Barrier to a Fast Close SubledgerSubledger AccountingAccounting DrDr CrCr GeneralGeneral LedgerLedger ReceivableReceivable ss PayablePayable ss
  • InterInter CompanyCompany AGIS at Work Rebilling a Corporate Cost from an USA HQ California Company New York Company Illinois Company Italy Company France Company SubledgerSubledger Invoices &Invoices & DocumentsDocuments GeneralGeneral LedgerLedger EntriesEntries • GL Entries created for US subsidiaries • AP and AR Invoices created for France and Italy
  • <Insert Picture Here> Banking Model ThinkWork Manage
  • • Bank account is now associated with LE entity rather than Operating Unit • Single bank account serves multiple Operating Units • Any and all Operating Units associated with a ledger can be permitted to use the bank account Assets ProjectsReceivables PayablesPurchasin g Project s Receivabl es Payables InventoryInventory Plus Centralized Credit Card Model Credit Card Encryption Supplier & Customer Banks in TCA Centralized Banking Shared Services Disbursements Work inWork in ProcessProcess LE OU A OU B OU C
  • Bank Model: Example of What You Can Do Pay invoices from different OUs with 1 instruction OU A OU B OU C Bank Single Payment Instruction Invoices Payments Sub LedgerSub Ledger AccountingAccounting • New Payments Module • New Bank Model • New Bank & Credit Card Features
  • Banks Legal Entity Operating Units
  • <Insert Picture Here> Sharing Services ThinkWork Manage
  • Shared Service Infrastructure (Serves Informal and Formal) Organizational Access Cross Org Processes Banking Model Inter Unit Accounting All Together: Easier To Share Services Central processing, Distributed impact SSCs (Formal) SLAs & Tax Inter-LE Formal SSCs At home or overseas Call Centers, Outsourcing Offshoring, SAS 70, On Demand Informal Service Sharing Process Efficiency Decentralized Depts. Centralized Depts.. Normal Business Practice Ledgers & Ledger Sets Ledgers with Balancing Segments MOAC across OUs Intercompany Bank Model Tax Ledger and Ledger Sets Subledger Accounting Intercompany, Tax Engine MOAC across LEs, Bank Internal Controls Manager
  • • Work Globally • Global Order Desk • Global Procurement • Global Billing • Global Dunning • Think Globally • Global Ledger Sets – worldwide insight • Global Reporting • Manage Globally • Global Accounting Rules • Global Set-up • Global Integration What the Architecture Gets You Release 12 Subsidiary LEs…. …account for themselves in Ledgers, and… Ledger Set Company CompanyCompany ProjectsReceivablesInventory Work in Process Purchasing Payables Multi-Multi- OrgOrg AccessAccess ControlControl manage their subledger data in Operating Units
  • Share Services, maintain privacy Exploit Cross-OU Processes Yesterday: An LE Group in 1 SoB with 1 OU - no partitioning R12: Introduce partitioning without sacrificing processes Assets ProjectsReceivables PayablesPurchasing ProjectsReceivables Payables InventoryInventory Work in Process Ledgers in Ledger Sets, New OUs MOAC InventoryInventory Work in Process Assets ProjectsReceivables PayablesPurchasing ProjectsReceivables Payables InventoryInventory Work in Process
  • MOAC, +300 Features SLA, Tax Ledger Sets, Ledgers XML Publisher Reporting Profitability Mgr, EPB Subledger Release 12: The Business Release Work Globally, to be more competitive Think Globally, to make the right decisions Manage Globally, to lower cost and increase performance DBI, FCH Intercompany, Bank, Payments General Ledger Transactions OICM TCA, LE National Compliance Local Regulation National COA Local Calendar Corp. Compliance US GAAP / IAS-IFRS Corp COA Corp Calendar $ Joint Compliance US GAAP / IAS-IFRS Corp COA Corp CalendarA$+$ € Parent Compliance US GAAP / IAS-IFRS Corp COA Corp Calendar €+$ +
  • A Q&Q U E S T I O N SQ U E S T I O N S
  • Should you require any further information please do not hesitate to contact us • http://www.oraclecourseonline.com • oracle financial online training contact us: • info@magnifictraining.com or +919052666559 • By Real Time Experts from Hyderabad, • Bangalore • ,India,USA,Canada,UK, Australia,South • Africa.
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