OracleApps Epicenter

One quick question from non Oracle user .. Do we have any functionality in Oracle for handling “Alternative Payee” in payable ? My answer is NO , at least I have never seen any seeded out-of-box, though Customer asked many times..   Does anyone have any answer from Oracle side? In the real business environment, there are many cases where [...]

As mention earlier, SLA played a key role in most of accounting event based application.Some of high points of SLA and Fixed asset are: Oracle Assets is fully integrated with SLA, which is a common accounting platform for Sub Ledgers There is no need to explaining again , we already seen why this concept brought into Financial [...]

Oracle Fixed Assets creates journal entries for your depreciation expense, asset cost, and other accounts. That means application automatically creates transaction journal entries for your general ledger, if you have defined and configure set up the journal entry category for that transaction type for that book. Oracle Assets creates journal entries that summarize the activity [...]

Is this a one of the Business scenarios: Your company receiving payment from customers through mail. These mails containing cheque that come from customers who dispersed across a region or the country or out of country. Once Check received by AR department they normally submit all cheque with deposite slip Many time because of what ever reason, AR department [...]

Auto lockbox Implementation been never been an easy task. Though it requires own set up to handle this functionality. Therefore Its is very important to understand some key points before implementing LockBox in Oracle. How are you identifying the customer against which you apply the receipts? Are you using Auto associate, Customer Number or MICR number? What [...]

If you are customer/client is coming from other system like SUN or SAP, you can notice some good features and some missing feature Oracle Fixed Asset while comparing. Assets purchased through AP coded to an asset clearing account are dynamically transferred into the asset register; there is no need for them to be re-input. This is [...]

Oracle Asset does not draw a distinction between the retirement and the disposal of an asset. Since there may be a significant time elapse between the retirement of an asset (it is no longer being used) and the physical disposal of the asset. The generic retirement Procedure normally consist of these sub-procedures from place to place. Identification [...]

Asset transfer is a complex process and should not be entered into lightly, if your customer business is bit complex in nature. The complexity varies from companies to companies along with industry type.This post will briefly tells about Asset Transfer functionality of Oracle. You may have three main business scenario’s within Asset Transfer. Location Transfer without ownership [...]

1) R12, the Mass Additions Create program inserts the records into the FA_MASS_ADDITIONS_GT table, a global temporary table whereas in 11i, it is inserted the records directly into the FA_MASS_ADDITIONS table. 2) The Mass Additions Create process calls the fixed assets code, FA_MASSADD_CREATE_PKG , which determines whether the selected data meets the criteria to be set [...]

If your client/customers’s company want to use the capital budgeting function of Oracle Asset , then you will able to create, upload and amend a budget by asset category, cost centre within a legal entity. What minimum you have to do is to do setup a budget book, which is basically subsidiary to a Corporate book [...]

Fixed Asset is one of the easiest application in Financial side but whenever its comes to discussion for depreciation, people roll their eyes and shudder. I received lot many emails and offline request for understanding asset tax book and deprecation. This is back to basic subject, an attempt to draw a line in the sand. In [...]

You can manage your Asset Book Security, as mention in one of last post.This Functionality you can Secure access to each depreciation book Create a flexible hierarchy of asset organizations Associate a responsibility with one or more depreciation books Asset Book Security allows multiple asset books/registers to be manage/administered independently. Oracle Responsibility and Security by Book As mention Oracle FA has [...]

Oracle Approvals Management (AME) is a self-service Web application that enables users to define business rules governing the process for approving transactions in Oracle Applications .This enables development of custom rules to manage transaction approvals that is integrated with multiple Oracle EBS applications such as HR, PO, AP and UMX. If you want to migrate the [...]

As it is well known fact that XMLPublisher stores the metadata and physical files for templates and data definitions in BLOB columns in its schema. During Development you need to download information from a development instance to a test instance before porting over to production environment.These steps you normally follow: Use the FNDLOAD utility to upload [...]

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What two program responsible for creating events in R12 CM They are bank account transfers bank statement cash flows Once events created and the accounting program is run, the journal entry setup and the accounting configurations are referenced to produce journal entries. The journal entries are then transferred to GL which had visibility upto source transactions. This way [...]

We already aware for changes for new Bank Account Model feature of R12. Lets investigate how bank model drive some changes in Bank statement Reconciliation. 1….R12, Bank Transaction Codes is linked to multiple sources. In 11i each bank transaction code had to be linked to a single source, such as Accounts Payable. This could create an issue if [...]

This is not Oracle acquisition news, rather yet another Big news this morning locally in Singapore for partnership with global bank Citibank Japan and Oracle for enhancing the Oracle Global Cash Management System,that provide a integrated solution for managing Cash Management for global manufacturing operations, retail, transportation, financial services sector of Japanese clients. “Oracle Global Cash [...]

One of reader from Mid-east region asked one question “does Oracle support XML based Bank statement?” It was/is really a new area , just brought attention this afternoon and I did manage to run through Oracle user guide as well as some of the release note of 11i Financial Family pack D(ce minipack H). What I understood [...]

Clearing takes place after matching, so any difference between the statement line amount and the original transaction amount is already verified to be within the specified tolerance limit. Cash Management determines clearing amounts for the charges, errors and foreign gain/loss accounts as necessary to clear the transaction. Scenario 1 - Bank Account Currency is Functional Cash Management [...]