Oracle OpenWorld is just around the corner on Sept. 19-23, 2010 at Moscone Center in San Francisco, CA. It's our largest annual conference with over 1,800 sessions, 400 partner exhibits, almost 400 Oracle demos. This is your chance to hear about Oracle's strategy and roadmap from the experts who build the products.

I have included the links to the financials-related Focus On documents that provide a listing of must-attend sessions, demos, partners exhibits, and networking events related to financials:

Shareholders who collectively own 3% of a company's stock for at least 3 years now have more power in electing and nominating board members. This was announced last Thursday by the SEC, making it easier for shareholders to nominate and elect board members.

The new "proxy access" rules will require companies to include the names of the nominated board members from these significant shareholders (own 3% for at least 3 consecutive years) alongside the names of nominees from the management team and include both sets of names on the company's proxy materials.

The FASB Chairman, Robert Herz, decided he was going to retire on Oct. 1, 2010 even though he had two more years left to serve.

Many people are surprised by this news because it seemed to come out of nowhere.

Many are concerned that his departure may slow down the convergence project of converging two accounting standards and the ultimate IFRS adoption in the U.S. While FASB replaces its chairman Mr. Herz, IASB will also be replacing it chairman, David Tweedie, next June 2011.

It's a video for a new Oracle Peoplesoft iPhone App called Oracle iReceipts, the product is cool, but I think the animation is worth watching for it's own sake - very funny.

CFO.com recently posted an article Revenue Rules Could Cause Software Snags which discusses how the new revenue rules could cause ERP vendors some headaches trying to retrofit their software to be compliant with the new standards. Our resident accounting expert, Seamus Moran, is even quoted in this article.

I spoke with Seamus to better understand the new Revenue Recognition rules and this is what he had to say:

Oracle iReceipts is an iPhone application for Oracle's PeopleSoft Enterprise Expenses.
Watch the YouTube video.

To learn more, see iReceipts.

These tough economic times have especially hit universities as states cut funding. Colleges are trying to find ways to avoid slashing core services that affect students' educations by eliminating as much waste and inefficiency as possible. Some ways they are doing this is by replacing ancient financial systems, consolidating systems and standardizing business practices. For example, Yeshiva University, a prominent research university, decided to replace their 43-year-old legacy system.

In a previous blog post, I mentioned that the SEC was voting on the topic to allow smaller companies with less than $75m market cap to ignore complying with Section 404 (b) of the Sarbanes-Oxley Act.

Theresa Hickman

If you didn't think we had enough regulations in the U.S., get ready to see them coming out of your ears.

Don't miss the live webcast on the exposure draft called Revenue from Contracts with Customers that was released June 24, 2010 but is open for public comment until Oct. 22, 2010. IASB and FASB will jointly hold this webcast that will end with a Q&A session.

When: Thursday, July 8, 2010
Time: 9:30am and 5pm (BST or London Time).

To register, click here.

WF_ITEM_TYPES The WF_ITEM_TYPES table defines an item that is transitioning through a workflow process. NAME (PK), PROTECT_LEVEL, CUSTOM_LEVEL, PERSISTENCE_TYPE WF_ITEM_ATTRIBUTES The...



[[ This is a content summary only. Visit my website for full links, other content, and more!

It looks like Estonia will be the 17th country to adopt the euro by January 1, 2011.

Estonia, unlike some of its other counterparts in the EU, does NOT have economic problems; they have little debt and a deficit below 3%.

The rate will probably be fixed at 15.6466, the ERM rate that the Kroon has been holding, with effect from July 1 or August 1.

You can read more from the Europa website, the official EU site.

This feature is called “Authorized Delegate”. To have the ability to enter expense reports, withdraw expense reports, etc. for other individuals, do the following: Authorization...



[[ This is a content summary only. Visit my website for full links, other content, and more!

It looks like smaller companies with less than $75m in market cap might be exempt from complying with Section 404(b) of the Sarbanes-Oxley Act of 2002. That is, if the House and Senate approve and it is signed by law by President Obama.

As you may or may not know, Section 404(b) was considered a huge compliance burden (very costly) to public companies. Section 404 required all public companies (large and small) to hire auditors (separate from the ones that handle their accounting) to attest to the effectiveness of their internal controls in financial reporting.

Oracle OpenWorld is just around the corner on Sept. 19-23, 2010 at Moscone Center in San Francisco, California.

There will be about 70 financial sessions across all the financials product lines: e-Business Suite, JD Edwards, PeopleSoft, and Fusion.

I wanted to highlight some of the key financials sessions:

Display the number value in Words:- —————————————— The following query can be used to display the number in the...



[[ This is a content summary only. Visit my website for full links, other content, and more!

How To Determine If An Invoice Was Created For A Self Service Expense  Report? Just a Quick Tip The Expense Report Import process should update ap_expense_report_headers_all.vouchno with the...



[[ This is a content summary only. Visit my website for full links, other content, and more!

PO: Invoices Associated with the Given Purchase Order Number:-...



[[ This is a content summary only. Visit my website for full links, other content, and more!

Sharing a beautiful pics from slideshare…. quite nice…. Few more …… …..Colors and flowers Filed under: Oracle Functional



[[ This is a content summary only. Visit my website for full links, other content, and more!

The original date of June 30, 2011 where FASB and IASB would align/converge major areas of accounting has been extended to the end of 2011. They will still meet the June 2011 date for many "urgently required" projects but some projects will not come until the second half of 2011. The reason for this is to allow more time for due diligence, review and consensus.

Will this delay the U.S. adoption to IFRS? According to Ms. Schapiro, no, it will not; she is confident that the decision to adopt IFRS in the U.S. will be decided by 2011.

Books are the best way to acquire knowledge about a suject that interests you. Even if you are new entrant to a field and you start with reading a good book, the learning curve will be much steeper...



[[ This is a content summary only. Visit my website for full links, other content, and more!

Trying to use – REBLOG feature on wordpress – i am sure this will be a great way to share some available articles to you…. do let me know how it works for you. … thx –...



[[ This is a content summary only. Visit my website for full links, other content, and more!

Q:  What formula should I use to balance AP to GL? A:  Use the following as an example of how to balance. In this example, you are closing your accounting period for April and you have just posted...



[[ This is a content summary only. Visit my website for full links, other content, and more!

Sharing my passion about soccer world cup and sharing this great presentation… enjoy and cheers Filed under: Oracle Functional



[[ This is a content summary only. Visit my website for full links, other content, and more!

Filed under: Oracle Functional



[[ This is a content summary only. Visit my website for full links, other content, and more!

Accenture and Oracle EPM (Enterprise Performance Management) and GRC (Governance, Risk, and Compliance) will be hosting a live webcast called "Gain Control Over Your Financial Close - Confidence in the Process, Trust in the Numbers."

When: Thursday, June 17, 2010
Time: 9:00am PST (Noon EST)

Some Information on Top Ten List feature on Navigator form The top ten is saved to the FND_USER_DESKTOP_OBJECTS table. The table is read from at sign on. It is updated from the API function...



[[ This is a content summary only. Visit my website for full links, other content, and more!

  The system profile value "Attachment File Directory", points to the directory on the Forms Server where the attachment files are stored. To find this profile value, go into...



[[ This is a content summary only. Visit my website for full links, other content, and more!

Setting the Applications Context (FND_GLOBAL.APPS_INITIALIZE) Use the API FND_GLOBAL.APPS_INITIALIZE to set the applications context in standalone sessions that were not initialized through normal...



[[ This is a content summary only. Visit my website for full links, other content, and more!