An alternative way of using Oracle Financials to manage Global Fixed Assets.Dual reporting of Fixed Assets in Oracle Financials.

1. Global Thinking Business Systems Limited – Development of a solution for dual reporting of fixed
assets in a global corporation
Michele Bryant +44 07810553794
michelebryant@gtbus.co.uk
ALPHA PROJECT UPDATE - October 2014
Issue:
Dual Reporting requirements for fixed assets in global Organisations
Current solutions:
Oracle R12- Utilise standard R12 EBS as it is IFRS friendly
Transitional solutions acknowledged by Oracle technology and other top four consultancies. Documents and white papers
illustrate solutions of how to transition to International Financial Reporting Standards.
Current Gap:
In the case of a requirement to apply shared rules and controls in the Oracle Fixed Asset module across many fixed asset
books and at the same time report IFRS and GAAP from the same data for each country/legal entity from the Oracle EBS r12
system.
Global Thinking idea:
Develop an application or product using Oracle technology to report the local GAAP fixed assets.
Core Oracle technologies in this design:
Oracle R12 Financials
ADF
JAVA
Expected Timeline
Inception Elaboration Construction Transition Production
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
Project plan TBD
( )
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2. Global Thinking Business Systems Limited – Development of a solution for dual reporting of fixed
assets in a global corporation
Advantages of the Global Thinking Application for R12 Fixed Assets
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Advantages
Easy to build
User friendly
Low maintenance
Alternative solution (choice)
Flexible could be used for reporting GAAP/IFRS/TAX/OTHER
Good financial controls as within R12 Oracle Financials
Can be easily de-coupled when transition to IFRS is made
Low cost
Uses Oracle technology e.g. ADF/JAVA
Build the development or the product with ADF and JAVA (diagram1)
User friendly interface Oracle tables Oracle EBS
Java/ADF
Fixed Assets Fixed Assets
General Ledger
Sub-ledger
accounting

3. Global Thinking Business Systems Limited – Development of a solution for dual reporting of fixed
assets in a global corporation
The proposed Product /Development is an alternative technical solution as opposed to using the following
Additional fixed asset ledgers
R12 Sub-ledger accounting/account generator
Hyperion
Other Oracle reporting tools
Access database
External fixed asset software
Assumed end user Technology stack:
Assumes that the end user has an Oracle technology stack including something like this-
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Diagram courtesy of Oracle Corporation
Contact Michele Bryant 44 (0) 1276 507950 if you would like to get involved or discuss further including any developers
who have experience of R12 Financials and ADF/JAVA
Disclaimer: The views and information expressed in this document do not reflect the views of Oracle Corporation and this document is
independent of, and does not represent Oracle Corporation in any way. Oracle does not officially sponsor, approve, or endorse this
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