International Financial Reporting Standards (IFRS) is a set of standards that are gaining momentum. There is market pressure to have a single language for companies to communicate financial results, globalization of companies and markets make this inevitable. There is also some regulatory pressure likely to come in the US as the SEC are [...]
A session I hope to attend at Open World is the one by Nayyar about Oracle’s internal upgrade to R12. I spent some time working with Nayyar and his team earlier this year and it was a good experience, at times it was very tough but it’s been very valuable. Oracle has a lot of [...]
To some nothing, to others everything…
Why? Org or organization is a common business term that is used slightly differently in each company, another word that that can have many meanings, but lets stick to org.
Checking the dictionaries online, first of all it can be an adjective or a noun, hmmm. Noun: a) the act of [...]
Ok I’m starting off to clarify this is a hack/backdoor/”workaround” and of course not supported by Oracle development or support or anyone associated with Oracle, ie you are on your own! So why am I telling you? its one of those tricks that can be pulled out when you need a quick cheap and temporary solution.
I like FND_LOG because he listens when you tell him to and remembers everything verbatim that is told to him. But like most friends there are quirks that are fustrating at times. I tell FND_LOG tell me the “error messages” in “AP”… so he does, but takes the words literally when I meant anything that is vaguely [...]
Actions that you do in the subledger (eg Validate Invoice) raises an event to SLA this is analogous to buying tickets online for a show that will be used at a later time and being held for you at the venue.
Event Class = choosing what type show eg Movie or Concert or Live Theatre (Invoice, Payment, etc)
Event Type = the [...]
Short answer nothing, in R12 its still there and serves as the processing table for budgetary control processing.
Whats different in R12
the source data from gl_bc_packets now comes from SLA, instead of directly from the calling products (eg AP, PO)
the data from gl_bc_packets does NOT go to GL, the SLA journal goes to GL
the processing unit is [...]
In past releases these may appeared that they were the same thing or almost the same thing as they were controlled by the same setup, also the terms encumbered, reserved were often interchangable used to mean both or either. In Oracle Financials these are considered two distinct features.
Budgetary Control – keep track amounts of and determine if there is [...]
The choice of primary ledger 4 Cs (Currency, Calendar, Chart of Accounts, aCcounting) may seem to be a choice of what the resulting journals and balances look like in your general ledger, but its also influences how transactions are captured in the subledgers.
A few things to consider:
1) Is it legal?
This is a broad spectrum, from strict rules on transaction [...]