Oracle Apps Techno Functional................

  What’s New in R12 Financials? 1] Ledgers and Ledger Sets: The ledger is a new fundamental concept in Release 12.  The ledger replaces the 11i concept of a set of books.  It represents an accounting representation for one or more legal entities or for a business need such as consolidation or management reporting.  11i & Prior = Sets of Books ( 3 C’s) Chart of Accounts Accounting Calendar Currency R12 = Ledgers ( 4 C’s) Chart of accounts Ledger currency Accounting calendar Accounting method – new 4th While a set of books is defined by 3 C’s, chart of accounts, functional currency, and accounting calendar, the ledger is defined by a 4th C: the accounting method.  This 4th C allows you to assign and manage a specific accounting method for each ledger.  Therefore, when a legal entity is subject to multiple reporting requirements, separate ledgers can be used to record the accounting information. Primary Ledger: The main “Activity” L...

OVERVIEW Part one on setup offers a broad view on how AGIS is Setup in R12 The setups are divided into four parts 1. Environmental setups 2. General Ledger (GL) setups 3. Receivable (AR) setups 4. Payables(AP) setups 5. Advanced Global Intercompany System (AGIS) Part two on transaction processing discusses the setups those are required for processing the transaction in AGIS Transaction Processing in AGIS The summaries of steps those are used for AGIS transaction processing are As follows. 1. Initiation of a transaction by an intercompany organization 2. Completion of accounting from the initiator side 3. Completion of accounting from recipient side 4. Approval of the transaction by the recipient If the invoicing is opted for, in transaction type setups then, 1. Processing of Invoice from Receivables (For the initiator subsidiary side) 2. Processing of invoice in Payables (For the Recipient subsidiary side) Part three discusses the reports in AGIS and reconciliati...

Advanced Global Intercompany Setup – Part 2 In this part we will see about GL ,AR, AP, setups Now our next step is to create Legal entities namely BCR Singapore legal entity and BCR Japan legal entity of which one will be Our Initiator and other will be Recipient for our Intercompany transactions. In BCR General Ledger Super User Responsibility *Note: When you create our business group HRMS security profile gets automatically created with the same name of our Business Group. Navigation: Setup>>Financials>>Accounting Setup Manager>>Accounting Setup Click on Legal Entity tab in Accounting Setup Manager page to create new legal entity. Fill in all the mandatory columns like Territory, Legal Entity Name, Organization name, RCB Number and Legal Address. The screen shot below shows the sample of legal entity creation. Values such as Place of Registration, Inspection date, Primary Activity, Secondary Activity, Type of Company, and Fiscal year end are optional fi...

Advanced Global Intercompany Setup – Part 3 Login to Intercompany Super user responsibility assigned to our user. The First step is defining organizations. These are the organizations which will be used by AGIS Navigation: Intercompany Super user>>Setup>> Organization Define Organization as shown below. Similarly create organization for Japan legal entity also. And Query the same in organization form for confirming your creation. Note that in the above Screen while creating organization select ‘Yes’ for enabled column. This flag indicates that this organization is enabled for intercompany transactions. Without this processing of transactions in those organizations, through AGIS is not possible Next Step is to security definition. Security is defined as, which user/person will have access to which and how many intercompany organizations Navigation: Intercompany Super User>>Setup>>security Query the Person name and the Respective organization on whi...

AGIS – Transaction Processing Advanced Global Intercompany(AGIS) Setup – Part 4 Now we are ready with the setups for processing AGIS transaction. Login using Initiator Account . In our example BCR_S (Singapore is the initiator) and select Outbound transaction This is the first form for data entry. notice the Transaction type, Initiator fields entered at the top of the screen. In the second half, Receipient Details are entered. The next screen is to complete accounting from the initiator side. Click on Add line button and enter The second effect of transaction from initiator side. Once the transaction entry is complete click On Submit button. After submition you can see the status of the transaction appears as “Submitted” which is Shown below Now Login as Recipient. in our example BCR_J (Japan is Our Recipient) and click on Inbound transaction as shown below Query for the same batch number. And you will find the Status of the trasaction appears as “Received” for the Re...