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ORACLE E-BUSINESS SUITE
RELEASE CONTENT DOCUMENT
FinancialsRelease 12.1 (through 12.1.3)
Prepared by EBS Product Management & Strategy
Last Updated: February 2, 2012
Version: 3.0
Copyright © 2010 Oracle Corporation
All Rights Reserved
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Oracle E-Business Suite Release 12.1 Release Content Documenti
Table of Contents
1. Disclaimer 1
2. Introduction 2
2.1.
Purpose of Document 2
3.
New and Changed Features in Financials 3
3.1. Oracle Advanced Global Intercompany System (AGIS) 3
3.1.1.
Overview 3
3.1.2. Release 12.1.2 3
3.1.2.1.
Purge Rejected Intercompany Batches from Interface Table 3
3.2. Oracle Advanced Collections 3
3.2.1. Release 12.1.1 3
3.2.1.1. Customer Dispute Enhancement 3
3.2.1.2.
Customer Level Bankruptcy 4
3.2.1.3. Status Assignment at Case and Contract Level 4
3.2.2. Release 12.1.2 4
3.2.2.1.
Multiple Level Collections Strategy Management 4
3.2.3. Release 12.1.3 4
3.2.3.1. Staged Dunning 4
3.3. Oracle Assets 5
3.3.1.
Release 12.1.3 5
3.3.1.1.
Asset Impairment for Japan Tax Reform 2007 5
3.4. Oracle Cash Management 5
3.4.1.
Release 12.1.1 5
3.4.1.1. International Bank Account Number (IBAN) Support 5
3.4.1.2.
Bank Identifier Code (BIC) Support 5
3.4.1.3.
Payment Group based Bank Statement Reconciliation 5
3.4.2. Release 12.1.2 6
3.4.2.1.
Option to Override Country-Specific Validation for Bank Accounts 6
3.4.2.2.
EDIFACT Bank Statement Format Update 6
3.4.2.3. Copy Bank Transaction Codes 6
3.4.2.4.
Load Bank Statements for the Current Day 6
3.4.1.
Release 12.1.3 7
3.4.1.1.
Manual Entry in Cash Position 7
3.5. Oracle Credit Management 7
3.5.1.
Release 12.1.3 7
3.5.1.1. Configurable Analyst Assignment Rules 7
3.6. Oracle Environmental Accounting & Reporting 7
3.6.1.
Overview 7
3.6.2. Release 12.1.3 8
3.6.2.1.
Capture of Energy Usage and Environmental Data 8
3.6.2.2.
Emission Sources, Scopes and Factors 8
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Oracle E-Business Suite Release 12.1 Release Content Documentii
3.6.2.3. Calculation and Classification of Greenhouse Gas Emissions 9
3.6.2.4.
Environmental Ledger 9
3.6.2.5.
Flexible Reporting and Organizational Structures 9
3.6.2.6. Pre-Built Analytics and Dashboard with Dynamic User Interaction 9
3.6.2.7.
User-Defined Key Performance Indicators 10
3.6.2.8.
Target and Threshold Definition 10
3.7. Oracle Financials for EMEA 10
3.7.1. Release 12.1.1 10
3.7.1.1.
Business Intelligence Publisher Support for Select EMEA Reports 10
3.7.1.2.
Enhanced Statutory Report Extracts for Italy 11
3.8. Oracle Financials for India 11
3.8.1.
Release 12.1.1 11
3.8.1.1. Fringe Benefit Tax Support 11
3.8.1.2. Inclusive Tax Support 11
3.8.1.3.
Retroactive Pricing Support 11
3.8.1.4. Payables Invoices Support for India 11
3.8.2. Release 12.1.2 11
3.8.2.1.
Advanced Pricing Support for India 11
3.8.2.2. Tax Information on Purchase Order Workflow Notification for India 12
3.8.2.3. Reassessing Service Tax on Receipt of Foreign Payments for India 12
3.8.3.
Release 12.1.3 12
3.8.3.1.
Descriptive Flex Field (DFF) Support 12 3.8.3.2. Display of Value Added Tax (VAT) Invoice Number in Receivables Transaction Workbench for India12
3.8.3.3.
General Ledger Journal Drill-Down Support 12
3.9. Oracle General Ledger 12
3.9.1. Release 12.1.1 12
3.9.1.1.
Enhanced Financial Statement Generator Reporting to Display Content Set Values 12
3.9.2. Release 12.1.2 13
3.9.2.1. Enhanced Financial Statement Generator Reporting to Support Drill-down for Non-Contiguous Account
Ranges 13
3.9.2.2. Streamlined Excel-based Financial Statement Publishing 13
3.9.3. Release 12.1.3 13
3.9.3.1.
Synchronize Reversing Journals between Primary and Secondary Ledgers 13
3.9.3.2. Limit Accounts in Budget Wizard 13
3.10. Oracle Internet Expenses 13
3.10.1.
Release 12.1.2 13
3.10.1.1.
Access Expense Attachments from Invoice 13
3.10.1.2. Support Receipts Required for Mileage Category 14
3.10.1.3.
Archive and Purge of Expense Reports 14
3.10.1.4. Read-Only Access to Per Diem and Mileage Details in Audit 14
3.10.1.5. AMEX Loader Option to Not Load Payment Transactions 14
3.10.2.
Release 12.1.3 14
3.10.2.1. Expense Receipt Management Enhancements 14
3.10.2.2. Duplicate Expense Detection 14
3.11. Oracle Legal Entity Configurator 14
3.11.1.
Release 12.1.3 14
3.11.1.1. Enhanced Legal Addresses 14
3.12. Oracle Loans 15
3.12.1.
Release 12.1.2 15
3.12.1.1. Process Application Fees without Loan Approval 15
3.12.1.2.
Ad-hoc Billing and Receipt Application 15
3.12.1.3.
Loan Forgiveness 15
3.12.2. Release 12.1.3 16
3.12.2.1.
Multiple Disbursements during Loan Servicing 16
3.13.
Oracle Payables 16
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Oracle E-Business Suite Release 12.1 Release Content Documentiv
3.13.1. Release 12.1.1 16
3.13.1.1.
Enhanced Withholding Tax Calculation for Brazil 16
3.13.1.2.
Discount Calculation Enhancements 16
3.13.1.3. Subcontractor Management for Engineering and Construction 16
3.13.1.4.
Supplier Dispute Processing 16
3.13.1.5.
Third Party Payments 17
3.13.1.6. Business Intelligence Publisher Support for Selected Payables Reports 17
3.13.2.
Release 12.1.2 17
3.13.2.1.
Replace Supplier Bank Accounts on Invoices 17
3.13.2.2.
Change Taxes from Inclusive to Exclusive Online 17
3.14. Oracle Payments 18
3.14.1.
Overview 18
3.14.2. Release 12.1.1 18
3.14.2.1. Single Euro Payments Area (SEPA) Support 18
3.14.2.2.
Paymentech Integration Certification 18
3.14.2.3. Positive Pay File with Additional Parameters 18
3.14.3.
Release 12.1.2 18
3.14.3.1.
PA-DSS for Credit Card Processing 18
3.15. Oracle Profitability Manager 19
3.15.1. Overview 19
3.15.2.
Release 12.1.1 19
3.15.2.1.
Identification of Business Rules that Reference Disabled/Inactive Dimension Members 19
3.16. Oracle Receivables 20
3.16.1.
Release 12.1.1 20
3.16.1.1. Cash Application Work Queue 20
3.16.1.2. Enhanced Line Level Cash Application 20
3.16.1.3.
Enhanced Performance for High Volume Receivables Processing 20
3.16.1.4. Golden Tax Adaptor Enhancements for Mainland China 20
3.16.1.5. Business Intelligence Publisher Support for Selected Receivables Reports 21
3.16.2.
Release 12.1.2 21
3.16.2.1. Default Customer Bank Account Information on Unidentified Receipts 21
3.16.2.2. Enhanced Aging Report to Support Multi-Fund Accounts Receivables 21
3.17. Oracle Subledger Accounting 22
3.17.1.
Release 12.1.1 22 3.17.1.1. Historical Data Initialization for New Reporting Currencies and Secondary Ledgers 22
3.17.2.
Release 12.1.2 22
3.17.2.1.
Accounting Rules Detail Report and Enhanced Subledger Accounting Online Inquiry 22
3.17.2.2. Accounting Data On-Demand Upgrade by Subledger 22
3.17.3.
Release 12.1.3 23
3.17.3.1. New Control Accounts Qualifier 23
3.18. Oracle Treasury 23
3.18.1.
Release 12.1.2 23
3.18.1.1.
International Bank Account Number (IBAN) Support for Counterparty Bank Accounts 23
3.18.2. Release 12.1.3 23
3.18.2.1.
Reconcile Treasury Transactions of all Deal Types 23
3.19.
Oracle U.S. Federal Financials 24
3.19.1. Release 12.1.2 24
3.19.1.1.
Enhanced Delinquency Processing 24
3.19.2.
Release 12.1.3 24
3.19.2.1. Updates to Year-End Close Processing 24
3.19.2.2.
Extract File Changes for Central Contractor Registration (CCR) 24
3.20.
Tax, Legal and Regulatory Updates 24
3.20.1. Overview 24
3.20.2.
Release 12.1.1 25
3.20.2.1.
Brazil: Fiscal SPED – Support for Fiscal Book Generation and Electronic Invoice Integration 25
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Oracle E-Business Suite Release 12.1 Release Content Documentv
3.20.2.2. Japan: Asset Depreciation Enhancements for Japan Tax Reform Act of 2007 26
3.20.2.3.
United Kingdom: Reverse Charge VAT 26
3.20.3.
Release 12.1.2 27
3.20.3.1. Argentina: Turnover Tax Withholding/Perception Regimes 27
3.20.3.2.
Brazil: Federal SPED Regulation - Accounting SPED 28
3.20.3.3.
China: Golden Tax Adapter Enhancements 29
3.20.3.4. Italy: Annual VAT Extract 29
3.20.3.5.
Italy: Annual Withholding Extract 30
3.20.3.6.
Japan: Enhanced Support for Tax Reform 2007/2008 30
3.20.3.7.
Spain: VAT Legislation: Modelo 340 Informative Declaration 31
3.20.3.8.
Spain: VAT Legislation: Modelo 347 Domestic Transactions Turnover Report Changes 31
3.20.3.9.
Spain: VAT Legislation: Modelo 415 Canary Island Turnover Report Changes 31
3.20.3.10. Spain: Changes to Taxpayer ID Validation 32
3.20.3.11.
United Kingdom: Support for Revaluations and Impairments per Statement of Recommended Practice for
United Kingdom Local Authority Accounting 32
3.20.3.12. U.S. Federal: New FACTS II Edit Checks and File Layout Changes 32
3.20.3.13.
U.S. Federal: Enhanced Central Contractor Registration (CCR) Processing 33
3.20.3.14.
Global: Support for Asset Impairment in Accordance with International Accounting Standard 36 33
3.20.3.15. Global: Year End Closing Process 33
3.20.4.
Release 12.1.3 33
3.20.4.1.
Argentina: Support for Argentina Simplified Regime (Monotributo) 33
3.20.4.2. Belgium: Annual VAT Report File Format v1.3 34
3.20.4.3.
Brazil: Support for Brazilian Electronic Collection Document Process (DDA) 34
3.20.4.4.
China: Support for Version 2 of the China Accounting Software Data Interface Standard 35
3.20.4.5. India: Enhanced Value Added Tax (VAT) Functionality to Support Flexible Recovery Schedule for India
35
3.20.4.6.
India: Value Added Tax (VAT) Statutory Accounting and Reporting for Non-Shippable Items 35
3.20.4.7. Israel: Israel VAT Report Enhancement 35
3.20.4.8.
Israeli: Withholding Tax File – 856 36
3.20.4.9.
U.S. Federal: Extract File Changes for Central Contractor Registration (CCR) 36
3.20.4.10. U.S. Federal: Regulatory Updates to Statement of Budgetary Resources 36
3.20.4.11.
U.S. Federal: Regulatory Updates to SF-133 Report 37
3.20.4.12.
Global: European Community VAT Changes for 2010 37
4.
New and Changed Features in Real Estate Management 38
4.1.
Oracle Property Manager 38 4.1.1.
Overview 38
4.1.2. Release 12.1.1 Leasing Features 38
4.1.2.1. New Lease Statuses 38
4.1.2.2.
Lease Extension Enhancements 38
4.1.2.3. Tenancy Extension and Contraction 39
4.1.2.4. Assignment Occupancy Percent Determined by Attribute on Tenancy 39
4.1.2.5.
Multiple Schedules for Same Schedule Day 39
4.1.2.6. Prorating the Billing/Payment Amount based on a New Start Day Field 39
4.1.3. Release 12.1.1 Variable Rent Features 39
4.1.3.1.
Breakpoint Flexibility 39
4.1.3.2. Updating Breakpoints 39
4.1.3.3. Natural Breakpoint Enhancements 39
4.1.3.4.
Early Termination of Agreement or Lease 40 4.1.3.5. Extension of Variable Rent Agreements 40
4.1.3.6.
New Calculation Methods 40
4.1.3.7.
New Partial Year Calculation Methods 40
4.1.3.8. Month-to-Month Roll Forward of Variable Rent Agreements 41
4.1.3.9.
Enhancement to Cumulative Calculation Method 41
4.1.3.10.
Allowances and Abatements 41
4.1.3.11. Carry Forward of Excess Abatement as Negative Rent 41
4.1.3.12.
Constraints 41
4.1.3.13.
Updating Volumes 41
4.1.3.14. Additional Frequency Attribute 42
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Oracle E-Business Suite Release 12.1 Release Content Documentv
4.1.3.15. Streamlining of Adjustments 42
4.1.3.16.
Form Enhancements 42
4.1.3.17.
Display of Calculation Results 42
4.1.3.18. Variable Rent Templates 42
4.1.3.19.
Term Template Enhancements 42
4.1.3.20.
Processing by Property 43
4.1.3.21. Improved Variable Rent Report 43
4.1.4.
Release 12.1.1 Index Rent Features 43
4.1.4.1.
Early Termination of Rent Increase Agreements 43
4.1.4.2.
Extension of Rent Increase Agreements 43
4.1.4.3.
Month-to-Month Roll Forward 43
4.1.4.4.
Index Multiplier 43
4.1.4.5. Proration 43
4.1.4.6.
Term Length 43
4.1.4.7.
Include/Exclude Option 43
4.1.4.8. Recurring Backbill Terms 44
4.1.4.9.
Rent Increase Report 44
4.1.5.
Release 12.1.1 Operating Expenses Features 44
4.1.5.1. Create Operating Expense Agreement 44
4.1.5.2.
Enter and Maintain Estimated Payment Terms 45
4.1.5.3.
Reconciliation 45
4.1.5.4. Operating Expense Agreement Dashboard 46
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Oracle E-Business Suite Release 12.1.Release Content Document Purpose of Document 2
2.
Introduction
2.1.
Purpose of Document
This Release Content Document (RCD) communicates information about new or
changed functionality introduced in Oracle E-Business Suite Release 12.1 and
subsequent 12.1.x Release Update Packs and off-cycle patches.
For your convenience, features are organized by product, and then by the release in
which they first became available. Release 12.1.1 was the first generally-available
release of Release 12.1. Features released in an off-cycle patch on Release 12.1.1, but
before Release 12.1.2, are designated as Release 12.1.1+. Features released in RUP2 of
Release 12.1 are designated as Release 12.1.2, and so on.
Existing functionality in Release 12.0, Release 12.0.x Release Update Packs (RUPs), or
prior releases is not described in this document. For a complete overview of all
functionality included in prior releases, this document should be read in conjunction with
the Release 12 and Release 12.0.x RUP RCDs. These RCDs can be found in My Oracle
Support Knowledge Document 404152.1 Release Content Documents for E-Business
Suite Release 12 and 12.0.x Release Update Packs .
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Advanced Global Intercompany System (AGIS) 3
3.
New and Changed Features in Financials
3.1. Oracle Advanced Global Intercompany System (AGIS)
3.1.1. Overview
Oracle Advanced Global Intercompany System (AGIS) streamlines the intercompany
trading and reconciliation process across ledgers. Oracle AGIS facilitates balanced
intercompany transactions for the global enterprise by providing a forum for trading
partners to record and approve intercompany transactions in a controlled manner.
Oracle AGIS allows companies to comply not only with local regulations, but also to
follow established corporate standards for processing intercompany transactions between
related legal entities of an enterprise. It also provides interactive reconciliation reporting,
which allows drilldown to the details of Intercompany Account Balances so the source of
discrepancies to the balances of each trading partner’s account balances can be found
quickly.
3.1.2. Release 12.1.2
3.1.2.1. Purge Rejected Intercompany Batches from Interface Table
Oracle AGIS introduces a new Purge Rejected Intercompany Transactions Program to
purge rejected intercompany transaction batches from intercompany interface tables.
Oracle AGIS validates intercompany transaction batches imported from external source
applications. Batches that pass validation become intercompany transactions in AGIS.
Batches that fail validation are retained in the intercompany interface table with a
Rejected status. These rejected intercompany transactions occupy space in the databaseand can lead to detrimental impact on system performance. Users can use the new
concurrent program to preview and purge the rejected intercompany transactions.
3.2.
Oracle Advanced Collections
3.2.1. Release 12.1.1
3.2.1.1. Customer Dispute Enhancement
Collectors require the ability to record comments while researching transactions and
interacting with customers during the dispute process. A new Internal Comment field is
available on all screens used to submit and manage disputes. This field streamlines the
dispute submission and approval process by allowing collectors to enter and share
comments to internal users such as receivables specialists.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Advanced Collections 4
3.2.1.2. Customer Level Bankruptcy
During various stages of a customer’s bankruptcy process their outstanding business
transactions require specialized handling. In prior releases of Advance Collections,
individual transactions had to be marked with a Bankruptcy status. Collections agents
can now assign Bankruptcy status at the customer level, ensuring that all transactions in
all accounts and bill to sites are status and managed uniformly.
This feature has also been back-ported to 12.0 via the standalone patch:
8522751:R12.IEX.A.
3.2.1.3. Status Assignment at Case and Contract Level
Collectors can now better manage their leasing delinquencies by assigning delinquency
levels including the lease contract, the lease case, or specific transactions.
3.2.2. Release 12.1.2
3.2.2.1. Multiple Level Collections Strategy Management
In prior releases, collections strategies could only be executed at one business (party,
account, bill to site) at a time. Enterprises require the ability to execute strategiessimultaneously at different levels for different customers and operating units, for
example, in one region - at Bill to level, in another region – at Account level. This new
feature allows managers to setup and execute strategies at multiple collection business
levels while allowing collections agents to change specific customer strategies to
different business levels as required.
Collections managers are now able to plan and manage collections strategies that support
their unique business requirements where strategies must be executed at different
operating units, groups of customers or specific customers. Collections agents can view
strategies at different levels on their work queue and on the strategy tab. Delinquent
customers are managed at the business level most appropriate to their business model.
Additionally, background processes including collections and strategy management can
now be executed at different levels concurrently.
3.2.3. Release 12.1.3
3.2.3.1. Staged Dunning
In addition to the Aged Dunning method that is based on a customer’s oldest aged
invoice, Collections organizations may now use Staged Dunning method. The Staged
Dunning method ensures the dunning notices set to a customer automatically
incremented based on the collection score and pre-defined number of days between
letters being sent.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Assets 5
3.3. Oracle Assets
3.3.1. Release 12.1.3
3.3.1.1. Asset Impairment for Japan Tax Reform 2007
As defined by previous regulatory initiatives in Japan and the Japan Tax Reform of 2007
the impairment functionality in Oracle Assets has been extended to perform and account
for asset impairments in compliance with Japanese accounting regulations. Impairment
losses can now be derived and recorded for Japan-specific depreciation methods.
The following impairment feature functionality is now available for Japan depreciation
methods.
• Japan specific impairment loss calculations
• Assignment and impairment of assets within Cash Generating Units
• Impairment of fully reserve and non-depreciating assets
• Impairment of assets exceeding depreciation limits
3.4. Oracle Cash Management
3.4.1. Release 12.1.1
3.4.1.1.
International Bank Account Number (IBAN) Support
International Bank Account Number (IBAN) is an international standard for identifying
bank accounts across national borders in a way that would minimize the risk of
propagating transaction errors. Cash Management now validates IBAN at the time of
recording bank account details. This validation is based on standard Modulo-97 checks.
This feature has also been back-ported to 12.0.6 via the standalone patch:
7552541:R12.IBY.A.
3.4.1.2. Bank Identifier Code (BIC) Support
Bank Identifier Code (BIC) is a unique identification for bank branches. This code can
be 8 or 11 characters in length. Cash Management now validates the length of BIC when
recording bank branch details.
This feature has also been back-ported to 12.0.6 via the standalone patch:
7552541:R12.IBY.A.
3.4.1.3. Payment Group based Bank Statement Reconciliation
Oracle Cash Management now utilizes the new Payment Group Number attribute as an
optional matching criterion for manual and automated reconciliation of bank statements.
This feature has also been back-ported to 12.0.6 via the standalone patch:
7552541:R12.IBY.A.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Cash Management 6
3.4.2. Release 12.1.2
3.4.2.1. Option to Override Country-Specific Validation for Bank Accounts
Sometimes legacy bank account numbers do not conform to modern country-specific
validation rules. Users can now disable the default country-specific bank validations to
migrate legacy bank account information.
This feature has also been back-ported to following releases:
Release Patch Number
12.0.4 7582842:R12.CE.A
12.1.1 8871846:R12.CE.B
3.4.2.2. EDIFACT Bank Statement Format Update
The bank statement loader program supports EDIFACT statements. With this release,
the following additional data processing features are addressed:
• Support for non-numeric characters in bank balances. The opening and closing
balance amounts sent in the EDIFACT statements contain non-numericcharacters. The bank statement loader and import program is enhanced to
convert the non-numeric characters into numeric values.
• Support loading and importing the Record 05. The current seeded loader is
enhanced to handle the record type 05. This additional record is defined as part
of the EDIFACT standard and contains the contextual information of Record 04.
This feature been back-ported to following releases:
Release Patch Number
12.0.4 8874185:R12.CE.A
12.1.1 8942035:R12.CE.B
3.4.2.3. Copy Bank Transaction Codes
Bank transaction codes are used by banks to identify the types of transactions on bank
statements. The codes are set up for each bank account for reconciliation purposes. For
organizations having several bank accounts, it can be a cumbersome process to manually
setup these transaction codes since most bank accounts for a specific bank use the same
transaction codes.
A new concurrent program has been provided to copy the bank transaction codes from
one bank account to another bank account(s).
3.4.2.4.
Load Bank Statements for the Current Day
In previous releases, users could only import bank statements and perform bank balance
maintenance for past dates. Users can now enter or import bank statements and perform
bank balance maintenance for the current date.
This feature been back-ported to following releases:
Release Patch Number
12.0.6 8965556:R12.CE.A
12.1.1 9090829:R12.CE.B
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Credit Management 7
3.4.1. Release 12.1.3
3.4.1.1. Manual Entry in Cash Position
The cash position functionality has been enhanced to allow cash managers the ability to
manually enter cash flows into their cash positions allowing for greater flexibility in their
decision making process.
This feature been back-ported to following releases:
Release Patch Number
12.0.6 9059098:R12.CE.A
12.1.1 9059098:R12.CE.B
3.5. Oracle Credit Management
3.5.1. Release 12.1.3
3.5.1.1.
Configurable Analyst Assignment Rules
In addition to the seeded assignment rules, Oracle Credit Management can now assign
credit analyst to case folders based on user-defined assignment rules and parameters.
This offers greater flexibility in addressing customer specific work load management
needs.
3.6. Oracle Environmental Accounting & Reporting
3.6.1.
Overview
Oracle Environmental Accounting and Reporting enables organizations to track their
greenhouse gas (GHG) emissions and other environmental data against reduction targets
and facilitates environmental reporting for both voluntary and legislated emissions
reporting schemes.
Oracle Environmental Accounting and Reporting enables organizations to capture
environmental data either electronically or manually; convert that to greenhouse gas
emissions; and identify opportunities to reduce cost and CO2 emissions.
Oracle Environmental Accounting and Reporting is available for Oracle E-Business
Suite version 12.1 and higher. It has been developed using the native technology of
Oracle E-Business Suite, backed by a common business analytics layer developed in
Oracle Business Intelligence Suite Enterprise Edition Plus, which is a required
technology component.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Environmental Accounting & Reporting 9
3.6.2.3. Calculation and Classification of Greenhouse Gas Emissions
Oracle Environmental Accounting and Reporting provides the built-in mechanisms for
calculating emissions and classifying them as Scope 1, 2, or 3 using the Greenhouse Gas
Protocol guidelines published by the World Resources Institute. The Emissions
Calculation Engine uses the collected usage data to calculate the relevant emissions
using seeded formulas based on the energy and emission factors setup for the emission
sources. This enables organization to accurately communicate greenhouse gas emissions
and other environmental impacts to constituents including regulators, customersshareholders and employees.
3.6.2.4. Environmental Ledger
The Environmental Ledger stores all changes to the environmental transactions including
voiding, reversal, recalculation, and measurement criterion updating transactions. The
changing landscape of compliance mandates drives companies to provide more
comprehensive, transparent, accurate and auditable data. Oracle Environmental
Accounting and Reporting allows you to have a single source of truth assuring data
quality and auditability.
3.6.2.5. Flexible Reporting and Organizational Structures
Oracle Environmental Accounting and Reporting enables the creation of Environmental
Organizations. An organization is defined as a single undertaking or an enterprise or any
entity that performs activities or a series of activities that emit greenhouse gases and/or
produces, or consumes energy at a single site and is attributable to a single industry
sector. An organization can have multiple hierarchies for reporting, for example,
government reporting hierarchy, operational hierarchy, or legal structure hierarchy. In
addition an organization can be a division, company subsidiary, or operation (i.e
facilities, plants). The integration with the native ERP enables leveraging existingstructures as well as specifying additional hierarchies for GHG Protocol and other
reporting guidelines, including the ability to define aggregation levels and to manage
acquisitions and divestitures.
3.6.2.6. Pre-Built Analytics and Dashboard with Dynamic User Interaction
Pre-built Oracle Business Intelligence Enterprise Edition (OBIEE) dashboards enable the
dynamic generation of reports providing insight into an organization’s emissions and
other environmental impacts. The dashboards provide information on energy usage
emissions, key performance indicators (KPIs), activities and transactions. Users can view
graphical representations of the data; drill down into output of past, current, and projected data; analyze historical trends; define variance thresholds and receive alerts
and publish and distribute reports in multiple formats. The pre-built OBIEE reporting
and analytics dashboards also include the quantitative responses to the Carbon
Disclosure Project (CDP). OBIEE’s powerful and flexible framework allows for the
quick creation of reports for reporting schemes such as Climate Registry (USA), EPA 40
CFR Part 98 Rule (USA), Carbon Reduction Commitment (UK), and Nationa
Greenhouse and Energy Reporting Act (Australia). Measuring performance and setting
targets allows organizations to become more productive, profitable and sustainable by
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providing powerful insights into high opportunity areas for emissions reductions, energy
savings, and cost savings. In addition, OBIEE allows users to quickly create custom user
defined reports.
3.6.2.7. User-Defined Key Performance Indicators
Oracle Environmental Accounting and Reporting enables organizations to create and
modify standard and custom industry-specific key performance indicators (KPIs) to
measure performance and monitor key environmental metrics such as energy, waste, and
water. Users can normalize data to operational metrics and use a drag-and-drop
environment in OBIEE to create custom reports. Examples of these KPIs are energy
usage per square foot, water usage by employee, etc. Using these metrics organizations
can benchmark and affect behavioral change to reduce environmental impacts in the
relative context of the organization’s growth.
3.6.2.8. Target and Threshold Definition
Oracle Environmental Accounting and Reporting enables organizations to establish a
baseline of its greenhouse gas emissions, energy usage, and other key environmenta
indicators and set reductions targets. Graphical indicators on the Business Intelligence
dashboards illustrate to users on a timely basis whether the organization is performing
above, below, or in-line with the targets so that corrective actions can be taken as needed
to successfully execute on the organization’s sustainability initiatives.
3.7. Oracle Financials for EMEA
3.7.1. Release 12.1.1
3.7.1.1.
Business Intelligence Publisher Support for Select EMEA Reports
The following Oracle Financials for EMEA reports have been re-written utilizing the
Business Intelligence Publisher (BIP) tool. BIP based reports offer greater flexibility to
end users in changing report layouts and formats.
• Payables Turnover Report
• Supplier Statements
• Receivables Aggregate VAT Statement
•
Customer Statements
• Regional Cash Desk Report
• Account Analysis Report
• Account Analysis Detailed Reporting
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3.7.1.2. Enhanced Statutory Report Extracts for Italy
Article 37 of Italian Legislative Decree No. 223/2006 introduced a new fiscal
requirement whereby all legal organizations must provide customer and supplier listings
in electronic format to the Italian fiscal authorities on a yearly basis.
The Italian supplier and customer listing reports available in prior releases are now
replaced with new Italian Customer and Supplier Listing data extracts.
3.8.
Oracle Financials for India
3.8.1. Release 12.1.1
3.8.1.1. Fringe Benefit Tax Support
Fringe Benefit Tax (FBT) was introduced in India as part of Budget 2005-2006, to tax
specific employee expenses not treated as individual income.
Oracle Financials for India enables computation, payment, tracking, and statutory
reporting of Fringe Benefit Taxes on non-payroll expenses.
3.8.1.2.
Inclusive Tax Support
Oracle Financials for India now supports the setup, calculation, accounting and reporting
of inclusive taxes for payables and receivable transactions.
3.8.1.3. Retroactive Pricing Support
In order to accurately reflect payable obligations, it is necessary to propagate retroactive
price modifications on blanket agreements to downstream documents such as releases
and standard purchasing orders.
The retroactive pricing process is modified to recalculate India taxes on transactions
such as receipts, accruals, credit memos, and price correction invoices. A new user
interface enables users to claim credit for increases in recoverable taxes.
3.8.1.4.
Payables Invoices Support for India
Oracle Financials for India now supports tax calculation for unmatched payables
invoices. A new window is available to manage India taxes on unmatched invoices.
3.8.2. Release 12.1.2
3.8.2.1. Advanced Pricing Support for India
Oracle Financials for India now allows users to calculate excise and VAT assessable
values based on the advanced price list. The advanced price list is based on the item
category. Users can associate a price list with an item category to determine assessable
values for all items classified under that category.
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3.9.2. Release 12.1.2
3.9.2.1. Enhanced Financial Statement Generator Reporting to Support Drill-down for
Non-Contiguous Account Ranges
General Ledger provides a streamlined drill path from the monetary amounts in financial
statements to the underlying detail balances. After running a FSG report, users can drill
from any summarized financial balance in the report directly to the detail account
balances that comprise the summary amount, even if the summary amount representsmultiple non-contiguous account ranges.
This process allows users to perform the drill down efficiently in one step and eliminates
the need to perform multiple searches by selecting one account range at a time. It also
improves usability by enabling the user to see all the information on a single page.
3.9.2.2. Streamlined Excel-based Financial Statement Publishing
Users can now publish FSG reports natively as Excel files. Users can create presentation
templates using Excel, and then run reports using BI Publisher’s Excel publishing
capabilities to generate an Excel file that opens directly in Excel. Users can then drill to
the underlying details, leveraging General Ledger’s Account Analysis and Drilldowncapability.
3.9.3. Release 12.1.3
3.9.3.1.
Synchronize Reversing Journals between Primary and Secondary Ledgers
Oracle General Ledger now streamlines the propagation of journal reversals from the
primary ledger to the associated secondary ledgers. The manual reversal of primary
ledger journal entries now automatically reverses the corresponding journal entries in the
secondary ledger.
3.9.3.2. Limit Accounts in Budget Wizard
In prior releases, users could only use specific account code combinations ranges in the
Oracle General Ledger Budget Wizard to limit accounts for the budget entry process.
The Budget Wizard now allows users to use low and high values for one or more
segments in the account range.
3.10. Oracle Internet Expenses
3.10.1.
Release 12.1.2
3.10.1.1.
Access Expense Attachments from Invoice
The Expense Report Export program has been enhanced to provide the option Transfer
Attachments to transfer attachments from an expense report to an invoice. This option
enables the payables person to access the attachment from Invoice without having to use
Internet Expenses responsibilities and efficiently execute audits.
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3.10.1.2. Support Receipts Required for Mileage Category
United Kingdom HM Revenue & Customs department requires employees to submit
invoices/tax receipts to employers for any mileage related claims so that the employers
can recover VAT on fuel purchased by employees used for business purposes.
The Receipts Required feature has been enhanced to provide support for expense types
associated with the Mileage expense category.
3.10.1.3.
Archive and Purge of Expense Reports
This new program enables administrators to archive and purge expense reports related
data that is no longer needed.
3.10.1.4. Read-Only Access to Per Diem and Mileage Details in Audit
The Audit Expense Report page has been enhanced to allow auditors to view Per Diem
& Mileage category expense details.
3.10.1.5. AMEX Loader Option to Not Load Payment Transactions
The American Express Transaction Loader and Validation program has been enhanced tooptionally load payment transactions.
3.10.2. Release 12.1.3
3.10.2.1. Expense Receipt Management Enhancements
Oracle Internet Expenses has been enhanced to provide users the ability to define rules to
accept, track and route imaged receipts to the appropriate auditor work queue.
Faxed receipts and/or emailed scanned receipts can now be associated with expense
reports as receipt images.
User defined rules can be setup to enforce receipt submission and reimbursement
thresholds in addition to highlight missing receipts for expense lines.
3.10.2.2. Duplicate Expense Detection
Duplicate Expense Detection Rules are now available to detect duplicate expense claims
aiding customers in decreasing administration costs by ensuring only reimbursement of
valid expense claims.
3.11.
Oracle Legal Entity Configurator3.11.1. Release 12.1.3
3.11.1.1. Enhanced Legal Addresses
In prior releases, when defining the address for a new legal entity, users could only select
from existing locations identified as legal addresses. Users can now select any existing
location as an address for a legal entity.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Loans 15
This feature has also been back-ported to following releases:
Release Patch Number
12.0.6 6116752:R12.XLE.A
12.1.1 6116752:R12.XLE.B
3.12. Oracle Loans
3.12.1. Release 12.1.2
3.12.1.1. Process Application Fees without Loan Approval
Loan application fee is a fee charged to process an application for a loan, such as a home
mortgage from a lender or mortgage broker. Loan application fees are charged to cover
some of the costs involved in processing the application including credit checks, property
appraisals and basic administrative costs. Such fees are often non-refundable regardless
of the outcome of the application review and are charged upfront.
Previously, in order for any loan fee to be processed, the loan application had to be
approved. This new feature allows processing and accounting for loan fees before theloan gets approved or rejected.
The fees now can be charged manually on an ad hoc basis or automatically based on a
certain event in the loan application lifecycle (loan origination, loan activation, loan
submission for approval).
3.12.1.2.
Ad-hoc Billing and Receipt Application
Borrowers receive their loan repayment bills when an automated process determines that
the next installment is due. This new feature allows users to manually select the next
installment and create a customer bill on an ad hoc basis. Users now also have an option
to create a loan without a schedule of installments and bill customers manually on an adhoc basis.
In addition, the process of applying customer payments to loans has been streamlined by
providing users an option to perform receipt application within the loan transaction
context, without the need to switch to Receivables.
A new system profile option (LNS: Allow to Bill and Apply from UI) has been
introduced to control user’s access to this feature.
3.12.1.3. Loan Forgiveness
The Loan Forgiveness feature allows users to create and manage loan forgiveness option
loan programs. By populating a Receivables Activity in the new system option LoanForgiveness Adjustment: Activity Name, loan forgiveness is enabled or disabled for the
loan products within the organization.
Loan forgiveness is applied at the individual loan level as a percentage of the loan
installment amount and can be modified throughout the loan’s duration. Loan
forgiveness details are visible for each individual loan via the Servicing Center:
Overview: Summary window. During billing, the forgiven amount is displayed and
accounted for as an adjustment on the customer invoice.
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3.12.2. Release 12.1.3
3.12.2.1. Multiple Disbursements during Loan Servicing
In prior releases, direct loans could only be adjusted using multiple disbursements with
disbursement amount, percentage and a specific target date freeze before the approval,
activation or funding of the loan. Now, loan managers can perform adjustments to the
loan amount in active and multiple disbursements of the loan after the loan is activated,
funded or in the servicing stage.
Additionally, for Extended Repayment Schedule (ERS) loans, loan managers can now
add and convert additional receivables transactions to existing loans in the servicing
stage. Managers can also modify the outstanding amount of receivables or adjust the
receivables amount based on the payment terms.
3.13. Oracle Payables
3.13.1. Release 12.1.1
3.13.1.1.
Enhanced Withholding Tax Calculation for Brazil
Brazilian tax regulations require withholding taxes to be deducted at multiple business
event points such as recording and payment of invoices.
In prior releases, withholding tax was deducted either during validation or payment of
invoices. Oracle Payables has been enhanced to allow application of withholding taxes
both during invoice validation and payment.
3.13.1.2.
Discount Calculation Enhancements
Suppliers offer discounts for early payment. Early payment discounts can be fixed
monetary amounts or calculated on a percentage basis.
In prior releases, discounts could be defined in percentage terms only. Oracle Payables
now allows discounts to be specified in monetary amounts. When a percentage as well
as an amount is available, the higher or lower of the two can be specified for application.
3.13.1.3. Subcontractor Management for Engineering and Construction
Oracle Payables has been enhanced to automatically apply holds on supplier invoices
when the Pay When Paid or the PO Deliverable Control option is enabled on purchase
orders. During invoice validation, such holds are automatically released provided
authorizations have been recorded within Oracle Project Accounting or Oracle
Purchasing.
3.13.1.4.
Supplier Dispute Processing
Supplier invoices may be short paid to expedite dispute settlements. The Payables
Invoice Workbench has been enhanced to capture the invoice amount originally claimed
by the supplier and the reason for short payment.
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3.13.1.5. Third Party Payments
Suppliers can specify a related trading partner to be paid on their behalf. The payments
made on behalf of suppliers to other trading partners are termed as third party payments.
Oracle Payables has been enhanced to record third party relationships and to process
third party payments. Withholding and 1099 processing continue to occur for invoicing
suppliers.
3.13.1.6.
Business Intelligence Publisher Support for Selected Payables Reports
The following Oracle Payables reports have been re-written utilizing the Business
Intelligence Publisher (BIP) tool. BIP based reports offer greater flexibility to end users
in changing report layouts and formats:
• Withholding Tax by Invoice Report
• Bills Payable Maturity Date Report
• Discounts Available Report
•
Payment Audit by Voucher Number
• Prepayments Status Report
3.13.2. Release 12.1.2
3.13.2.1. Replace Supplier Bank Accounts on Invoices
In today’s business environment, it is a common practice to change bank accounts. If
suppliers change their bank accounts, Oracle Payables can now automatically update all
unpaid and partially paid invoices with the new bank account information. When users
end date an existing supplier bank account and provide a new active bank account,
Oracle Payables will automatically update the remit-to bank account information on
unpaid and partially paid invoices. This streamlines transaction processing and prevents
the need to update each invoice manually.
This feature has been back-ported to 12.1.1 via the standalone patches:
6867725:R12.AP.B and 6615694:R12.IBY.B.
3.13.2.2. Change Taxes from Inclusive to Exclusive Online
The tax regulations in many countries require that certain types of taxes on invoices be
applied as inclusive or exclusive to the price of the good or service. This is common in
countries that report VAT, such as in the United Kingdom, where the VAT tax can be
treated as inclusive or exclusive depending on the type or price of the good or service.
Oracle Payables provides the flexibility to override the inclusive or exclusive nature of
taxes that default from the eBTax setup. While entering an invoice, users can change
taxes from inclusive to exclusive or vice versa to match the tax shown on the physical
invoice. This ensures more accurate invoice entry and tax reporting.
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3.14. Oracle Payments
3.14.1. Overview
Oracle Payments provides a highly configurable and robust engine to disburse and
receive payment, and integrates with multiple products that require support for payment
processing. Oracle Payments processes invoice payments from Oracle Payables, bank
account transfers from Oracle Cash Management and settlements against credit cards and
bank accounts from Oracle Receivables. Oracle Payments provides the infrastructure
required to connect these applications and others with third party payment systems and
financial institutions.
3.14.2. Release 12.1.1
3.14.2.1. Single Euro Payments Area (SEPA) Support
The Single Euro Payments Area (SEPA) guidelines require that credit transfers be
executed using standard SEPA Credit Transfer initiation messages. These are XML
messages generated as per the ISO 20022 framework and conforming to SEPA credit
transfer schemes negotiated with banks.
Oracle Payments has been enhanced to support SEPA Credit Transfers. Messages are
initiated and formatted utilizing the existing disbursement framework.
This feature has also been back-ported to 12.0.4 via the standalone patch:
7552541.R12:IBY.A.
3.14.2.2.
Paymentech Integration Certification
Paymentech is a leading Back End Processor (BEP) in providing financial settlement
services. Oracle Payments is certified with Paymentech for seamless transmission of
credit card, debit card and direct debit transactions.
This feature has also been back-ported to 12.0.4 via the standalone patch:
6975269:R12.IBY.A.
3.14.2.3. Positive Pay File with Additional Parameters
The Positive Pay File report details payments made to specific trading partners. A new
Positive Pay File with Additional Parameters report has been introduced to include
previous payments and, optionally, voided check information.
This feature has also been back-ported to 12.0.0 via the standalone patch:
6939650:R12.IBY.A.
3.14.3. Release 12.1.2
3.14.3.1. PA-DSS for Credit Card Processing
To ensure all payment type applications that interact with payment cards meet consistent
security standards, the Payment Card Industry (PCI) Security Standards Council
encourages and in some cases mandates that merchants use only PA-DSS (Payment
Application Data Security Standards) certified payment application software.
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Profitability Manager 19
Certification applies to software applications that store, process, or transmit payment
cardholder data as part of an authorization or settlement process. This certification
reassures users that Oracle Payments is properly handling and securing sensitive
payment card information. Certification includes proper adherence with industry
accepted data storage guidelines, encryption algorithms, secured coding practices, and
secured transmission standards.
Oracle Payments customers benefit from the ongoing enhancements made to conform to
PA-DSS requirements. These PA-DSS enhancements are also available as standalone
patches to customers on Release 12.0 and 12.1.1.
3.15. Oracle Profitability Manager
3.15.1. Overview
Oracle Profitability Manager provides enterprises with a greater insight into the
profitability of current operations and empowers them with actionable information for
making decisions and driving improved profitability. As part of Oracle’s Corporate
Performance Management (CPM) suite, Oracle Profitability Manager is a comprehensive
solution for the calculation, analysis and reporting of profitability.
Oracle Profitability Manager was first released with Release 12. It is the integration of
two existing applications:
• Oracle Performance Analyzer (part of the Oracle Financial Services suite)
• Oracle Activity-Based Management (part of the E-Business Suite)
In Release 12.0, major emphasis was placed on maintaining all the industry leading
features and functions available in earlier versions of the Financial Services Applications
(OFSA), while simultaneously leveraging the power of the Oracle E-Business Suite. The
Profitability Manager application broadens the industry appeal of profitability analytics,
and repeats the success the legacy products had beyond financial services enterprises.
3.15.2. Release 12.1.1
3.15.2.1. Identification of Business Rules that Reference Disabled/Inactive Dimension
Members
Users manage metadata as a standard business process related to the construction and
maintenance of business rules with the Profitability Manager application. Over time,
users make changes to metadata like hierarchies and dimension members, and in some
cases "disable" dimension members to indicate that they are no longer active or no longer
used as part of the profitability calculations. A good example of this would be when acompany reorganizes, and some departments are transferred, combined or eliminated. In
this example, data for those "old" departments would not be used in future models.
To help the user understand how these metadata changes affect their profitability models
a new feature is introduced which indicates where disabled dimension members are used
in mapping rules, or in hierarchies. Users are provided a concurrent program that will
scan a set of business rules, and write out the results to tables that can be used for
reporting with the tool of the user's choice. In addition, a purge routine has also been
provided that allows the user to clean up data from previous runs.
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3.16.
Oracle Receivables
3.16.1. Release 12.1.1
3.16.1.1. Cash Application Work Queue
Receivables departments need to efficiently allocate and monitor the workload of receiptapplication personnel. Unapplied customer receipts can now be automatically assigned
to specific cash application specialists for further processing. This assignment is done
based on user defined rules by a new concurrent program: Assign Cash Application
Work Items.
Using the new Cash Application Work Queue workbench, specialists can efficiently
manage their workload, review unapplied receipts and take further actions on unapplied
receipts. The Cash Workload Review Report is now available to review and monitor the
current workload of assignees.
3.16.1.2. Enhanced Line Level Cash Application
Business operating in certain industries need to track balances and apply customer
payments at the invoice line level.
Oracle Receivables now maintains line level balances for all transactions originating
from sources enabled for line level operations. The Auto Lockbox matching routine has
been enhanced with an open call-out to invoke custom transaction line selection logic.
3.16.1.3. Enhanced Performance for High Volume Receivables Processing
Companies operating in industries such as telecommunications, retail, insurance and
utilities process large volume of invoices and receipts on a daily basis. Oracle
Receivables has significantly enhanced the performance and scalability of the followingkey batch programs by implementing parallel processing logic and fine tuning database
indexes:
• AutoInvoice Master Program
• Automatic Clearing for Receipts
• Automatic Remittances Master Program
• Lockbox Execution Program
3.16.1.4.
Golden Tax Adaptor Enhancements for Mainland China
All businesses operating in mainland China are required to use a government certified
tax application for VAT calculation, VAT invoice generation, and statutory tax
reporting. This system is referred to as Golden Tax. Golden Tax Adaptor provides a
seamless integration between Oracle Receivables and the Golden Tax system.
Golden Tax Adaptor now supports three additional VAT invoice types: special VAT
invoices, common VAT invoices, and special VAT invoices for waste and outdated
materials.
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Credit memo processing through Golden Tax Adaptor has been enhanced with the
following new features:
• Processing of on-account credit memos and credit memos referring to multiple
invoices
• China Tax Office notification number support for credit memos on Special VAT
Invoices
•
Validation rules to prevent export of credit memos with duplicate or incorrectly
formatted notification numbers
3.16.1.5. Business Intelligence Publisher Support for Selected Receivables Reports
The following Oracle Receivable reports have been re-written utilizing the Business
Intelligence Publisher (BIP) tool. BIP based reports offer greater flexibility to end users
in changing report layouts and formats.
• AR Reconciliation Report
•
Customer Open Balance Letter
• Incomplete Invoices Report
• Invoice Exception Report
• Receipt Analysis - Days Late
3.16.2. Release 12.1.2
3.16.2.1. Default Customer Bank Account Information on Unidentified Receipts
Auto Lockbox now derives customer bank account information based on the MagneticInk Character Recognition (MICR) number supplied in the lockbox data file. This
information is defaulted on unidentified receipts and can be manually associated with a
customer record for matching receipts in subsequent runs of Auto Lockbox
This feature has also been back-ported to 12.1.1 via standalone patch:
8422361:R12.AR.B
3.16.2.2. Enhanced Aging Report to Support Multi-Fund Accounts Receivables
Public sector companies and federal agencies often need to record receivables against
multiple operating funds on an invoice. Operating funds are represented as balancing
segments. In prior releases, Oracle Receivables aging reports could be used to monitorfund level balances only when an invoice impacted a single balancing segment.
Oracle Receivables introduces a new Aging 7 Bucket by Account -- Multi-Fund
Accounts Receivables Report. This report lists receivables balances regardless of the
number of funds associated with any invoice.
All other Oracle Receivables aging reports remain unchanged.
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3.17. Oracle Subledger Accounting
3.17.1. Release 12.1.1
3.17.1.1. Historical Data Initialization for New Reporting Currencies and Secondary
Ledgers
When setting up new secondary ledgers or reporting currencies with an existing primary
ledger for new local or corporate reporting requirements, all historical transaction
accounting amounts and balances have to be initialized in these new ledgers/currencies
to ensure proper reconciliation with their primary ledger counterparts. Oracle Subledger
Accounting now provides a new concurrent program: SLA Secondary/ALC Ledger
Historic Update for this particular need. This program retroactively posts historical
transaction accounting data from the existing primary ledger to the newly created
secondary or reporting currency ledgers. Once this program is executed, reports and
inquiries will correctly display secondary ledger or reporting currency amounts.
3.17.2. Release 12.1.2
3.17.2.1.
Accounting Rules Detail Report and Enhanced Subledger Accounting OnlineInquiry
Oracle Subledger Accounting introduces a new Subledger Accounting Rules Detail
Listing Report to provide detailed information about accounting rules defined for a
subledger accounting method. The report can be submitted from the individual
subledger applications or from Oracle General Ledger. In addition, the report can be
submitted for custom applications registered within Oracle Financial Accounting Hub.
Users can now use the new report to easily review the following setup details:
• Subledger Accounting Method
• Journal Line Definition
• Journal Line Type
• Account Derivation Rule
• Journal Header Description
• Journal Line Description
The online Subledger Journal Entry page has also been enhanced with two new sections
to display the journal line definition and the journal line type used for generating anaccounting entry.
3.17.2.2. Accounting Data On-Demand Upgrade by Subledger
During the Release 12 upgrade process, customers can choose the time span for
converting historical accounting data to the new Subledger Accounting tables. There is
also a separate program that allows customers to extend the data conversion to older
accounting periods after the upgrade. This program runs for all subledgers at the same
time.
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3.19. Oracle U.S. Federal Financials
3.19.1. Release 12.1.2
3.19.1.1. Enhanced Delinquency Processing
Federal delinquency processing features have been enhanced to provide additional
configuration options including the ability to configure:
• Finance charges to be assessed on other finance charges
• Finance charges once for an installment invoice or on each installment for an
installment invoice
• The source of the distribution for finance charges (for example, from the original
invoice distribution or from the transaction type).
3.19.2. Release 12.1.3
3.19.2.1. Updates to Year-End Close Processing
The Federal Year End Close process has been modified to add a Closing Method toaccommodate configuration of Pre-Closing as well as Closing accounting entries.
Closing Method and Closing Period have been added as parameters to the Year End
closing process.
3.19.2.2.
Extract File Changes for Central Contractor Registration (CCR)
CCR enhancements include:
• Placing specific named holds (instead of supplier site holds) on invoices and
scheduled payments when the supplier’s registration status becomes inactive,
and automatically releasing the hold when the registration becomes active
• Masking the CCR account user identifier and password information on
concurrent request parameters and log file output
• Providing validation on the Payables Assignment page to prevent the association
of a CCR vendor to an existing supplier when their TINS do not match
• Updating unpaid invoices with the latest bank account information from
CCR when the bank information has changed for a CCR registration.
3.20.
Tax, Legal and Regulatory Updates
3.20.1. Overview
The following section provides information about the updates introduced to address tax,
regulatory and legislative changes.
Note: Most of the following updates have also been back-ported to previous releases via
standalone patches. Please refer to the sections below for information on patch numbers
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3.20.2. Release 12.1.1
3.20.2.1. Brazil: Fiscal SPED – Support for Fiscal Book Generation and Electronic
Invoice Integration
Support for Fiscal Book Generation
The Brazilian Fiscal SPED requires organizations to submit a set of legal reports inelectronic format to tax authorities. Specific additional information is required to be
provided in these reports. Oracle Financials for Latin America provides new and
enhanced functionality to capture the additional required information.
The following new windows have been introduced to support SPED:
• Electronic Invoice Attributes
• Electronic Invoice Status History
The following existing windows have been enhanced:
• Tax Codes and Rates
• Supplier Sites
• Customer Sites
• Transaction Sources
• Order Management Deliveries
• Order Management Carriers
•
Transaction Types
• Inventory Master Items
• Item Templates
Support for Electronic Invoice Integration
Per Brazilian tax law, account receivable invoices can only be billed to a customer
after tax authority approval.
In this release, Oracle Financials for Latin America provides support for electronic
invoice integration for tax authority approval. The tax authority approval status is used
to control downstream business process such as invoice printing, collection, etc. for the
receivables invoice. In order to prevent billing customers with an invalid document
status, only receivable invoices with a status of Finalized or Contingency are processed.
Invoices with a status of Sent, Error, Cancelled, Rejected and Obsolete are placed on
hold until the electronic invoice status is updated to Finalized or Contingency.
This update has also been back-ported to the following release:
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 26
Release Patch Number My Oracle Support Knowledge
Document
12.0 7000001:R12.JL.A 753705.1 – Electronic Invoice
Standards
876892.1 – Electronic Invoice
Integration Support
3.20.2.2.
Japan: Asset Depreciation Enhancements for Japan Tax Reform Act of 2007
In order to stimulate and promote economic growth, The Ministry of Finance for Japan
has announced new tax reforms. The reforms introduced new rules for calculating
depreciation on fixed assets effective April 1, 2007.
Oracle Assets provides the following new features to support the new tax reforms:
• New depreciation methods and rates for depreciable assets acquired on or after
April 1, 2007
• New rates are added to the Straight Line Method
• 250% Declining Balance Method
• Extension of Depreciation feature for calculation of extended depreciation for
eligible assets (depreciable asset acquired on or before March 31st, 2007 and
depreciated up to earlier 95% limit)
• Enhanced reporting for compliance
• Enhanced Mass Changes feature by adding Salvage value and Final Depreciable
limit parameters
This update has also been back-ported to the following releases:
Release Patch Number
11.5.10 7427746
12.0 8706840:FA.A
3.20.2.3.
United Kingdom: Reverse Charge VAT
On June 1, 2007, the new Reverse Charge VAT rule became effective in the United
Kingdom. The Reverse Charge VAT involves inverting the tax liable party from the
‘Seller of Goods’ to the ‘Buyer of Goods’ under certain conditions for domestic
transactions within the EU countries.
Oracle Financials now supports this new VAT regulation by identifying reverse charge
VAT transactions and ensuring that appropriate tax rules are applied. A Reversed
Charge Sales report is now available to list effected invoices. A standard message is
printed on all reverse charge sales invoices.
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 27
This update has also been back-ported to 12.0 via Oracle Financials Release Update Pack
5. For additional information, please refer to My Oracle Support Knowledge Document
565898.1.
3.20.3. Release 12.1.2
3.20.3.1.
Argentina: Turnover Tax Withholding/Perception Regimes
The Tax Authority of Buenos Aires province has determined through regulations DN
70/07 and DN 74/07, that tax rates for its Turnover Withholding and Turnover
Perception regimes would be defined per individual contributors (i.e. taxpayer id),
therefore modifying existing withholding and perception tax rate determination, which
was a general rate applicable for all taxpayers.
Each Perception agent (i.e. seller) and Withholding agent (i.e. buyer) will be required to
download from the tax authority’s website a monthly flat file with applicable tax rate
information for each contributor (taxpayer id).
In this release, Oracle Financials for Latin America provides new and enhanced
functionality to enable its customers to upload the government’s monthly data file andupdate the corresponding tax assignments per taxpayer id (i.e. Withholding rates for
suppliers in Oracle Payables and Perception rates for customers in Oracle Receivables)
and ultimately calculate proper withholding and perception taxes on Payments and
Receivables transactions, thus complying with the current legal regulations.
The following functionality is provided:
• Infrastructure and Guidelines to Setup and Upload Monthly Data File
• Program to Validate Data prior to Data Upload
• Program to Update Monthly Turnover Perception Tax Assignments per Taxpayer
id (Receivables)
• Program to Update Monthly Turnover Withholding Assignments per Taxpayer id
(Payables)
• Program to Update Withholding Rates for Unpaid Invoices (Payables)
• Report to List Uploaded Data for Verification Purposes
The following windows have been enhanced:
• Withholding Taxes
•
Supplier Withholding Applicability
The following concurrent program has been introduced:
• Argentine Turnover Tax Data Upload Verification Report
The following reports can be generated based on parameters entered in the above
concurrent program:
• Argentine Turnover Temporary Data Upload Verification Report
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 28
• Argentine Turnover Data Upload Validation Report
• Argentine Turnover Final Data Upload Verification Report
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 7368540 733928.112.0 7685123:R12.JL.A 778917.1
12.1.1/12.1.2 8427989:R12.JL.B 878707.1
3.20.3.2. Brazil: Federal SPED Regulation - Accounting SPED
The Brazilian Accounting SPED, also known as ‘Escrituração Contabil Digital – ECD’,
requires companies to submit their accounting data to the Federal Tax Authority on a
monthly or yearly basis in a flat file format.
In this release, Oracle Financials for Latin America provides new and enhanced
functionality to capture the required information, extract and format electronic
accounting books.
Oracle supports monthly generation of the following bookkeeping types:
• Bookkeeping Type G
Bookkeeping Type G is applicable when the company stores detailed accounting in
Oracle General Ledger. It is the preferred bookkeeping type by Federal Tax
Authority.
• Bookkeeping Type R
Bookkeeping Type R is applicable when a company summarizes accounting data inOracle General Ledger and keeps the accounting details in the sub-ledgers.
• Bookkeeping Type A
Bookkeeping Type A contains the detailed accounting for Bookkeeping Types R or
B. Users can drill down and retrieve detailed accounting information from AP and
AR sub-ledgers.
• Bookkeeping Type B
Bookkeeping Type B is specific for Financial Institutions such as Banks. It requires
additional registers to be reported. This book may also have an auxiliary
bookkeeping Type A associated to it.
New User Interface screens introduced to support Accounting SPED are:
• Participants
• Participant Relationships
• Bookkeeping Types
The following pages have been enhanced to capture new data elements:
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 29
• Legal Entities
• Establishments
• Legal and Tax Registrations
• Contacts Information
The following programs have been introduced:
• Brazilian Accounting SPED Data Extract Program
• Brazilian Accounting SPED Text File Generation Program
• Brazilian Accounting SPED Financial Statements Data Extraction
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 8319193 786498.1
12.0 8824610:R12.JL.A 878922.112.1.1/12.1.2 8692514:R12.JL.B 878922.1
3.20.3.3. China: Golden Tax Adapter Enhancements
In this release the EBS Golden Tax Adaptor functionality has been expanded to support
the merging of multiple Golden Tax (VAT) Invoices, capturing bank and customer
information in simplified Chinese for use in the Golden Tax (VAT) invoices, and the
ability to support sales discounts on Golden Tax (VAT) invoices.
1. Merge multiple Golden Tax (VAT) invoices
Users can consolidate multiple invoices for the same customer into a single VAT
invoice within limits as defined in the System Options.
2. Capturing bank and customer information in simplified Chinese
Users can use an Alternate Name to enter, capture and print the customer and
bank information in Chinese on issued VAT invoices.
3. Sales discount
Users can export sales discount lines from the EBS Golden Tax Adaptor into the
Golden Tax system. Users can import credit memo data with merged discount
amounts back into Golden Tax Adaptor.
3.20.3.4. Italy: Annual VAT Extract
The Annual VAT declaration is a legal requirement in Italy. All Italian legal entities
must complete the Annual VAT declaration according to the specifications of the Italian
fiscal authority.
This release provides a standard extract which contains selected VAT details to assist
Italian customers to submit their Annual VAT declaration in their functional currency as
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 30
well as non-Italian customers to reconcile their VAT registers for their statutory
reporting needs.
3.20.3.5. Italy: Annual Withholding Extract
The Annual Withholding declaration is a legal requirement in Italy. All legal entities
must complete the fiscal template according to the specifications of the Italian fiscal
authority.
This release provides a report that may be printed annually for each legal entity. Thereport lists the withholding tax and the tax identification information related to partially
and fully paid payables transactions. This report is consistent with the information listed
on Italian Withholding Tax Letters.
3.20.3.6. Japan: Enhanced Support for Tax Reform 2007/2008
Japan’s Ministry of Finance announced new tax reforms for the calculation and reporting
of fixed asset depreciation.
Oracle Assets provides the following new features to support the Japanese tax reform
legislation:
1.
Enhanced Legacy Data Migration for Japan Tax Reform
Prior 2007 Japan Tax Reform product enhancements allowed new assets added
into the system to be assigned the new depreciation methods. However,
customers also need the ability to easily assign existing assets to the new
mandated methods.
The following functionality enables users to migrate legacy assets:
• The Asset Workbench now allows addition of assets already in Extended
Depreciation and displays additional asset information for these assets.
•
Mass Additions now permits the addition of existing assets in Extended
Depreciation and also displays additional asset information.
• The Asset Integrator (Oracle Web ADI) has been modified to enable the
addition of existing assets in Extended Depreciation.
• The Extended Adjustments program has been modified to support
migrated depreciating assets in Extended Depreciation.
2. Enhanced What-If Depreciation Analysis for Japan Tax Reform
The What-If Depreciation program has been enhanced to use 2007 Japan Tax
Reform methods:
• New JP 250 DB methods introduced with the Japan Tax Reform.
• The new JP STL EXTD method for assets currently depreciating under
Extended Depreciation.
3. Depreciable Assets Tax Report for Japan
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 31
Previously, users of the Japan Depreciable Assets Tax Report could only register
and provide descriptive information for a single company. The report has now
been enhanced to handle multiple companies.
The Japan Depreciable Assets Tax Report contains the following modifications:
• Users can specify information for multiple companies linked to specified
asset book(s).
•
Additional reference information is enterable in the report.
• The report layout format conforms to the legal standard.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
3.20.3.7. Spain: VAT Legislation: Modelo 340 Informative Declaration
The new Modelo 340 Informative Declaration includes Issued Invoices, Received
Invoices, Investments and Certain Intra EU transactions. This new 2009 declaration
accompanies the VAT Settlement ("Liquidación del IVA") and does not replace an
existing declaration ("Modelo"). This settlement can be performed monthly or annually.
In this release, a new file is available in accordance to the new legislation.
This update has also been back-ported to the following releases:
Release Patch Number
11.5.10 8535502
12.0 8635531:R12.JE.A
12.1.1/12.1.2 8635531:R12.JE.B
3.20.3.8.
Spain: VAT Legislation: Modelo 347 Domestic Transactions Turnover Report
Changes
New guidelines include changes to the types of companies that are required to submit
Modelo 347. These guidelines were issued on December 30th, 2008, and are applicable
as of January 1st, 2009: Order EHA/3787/2008, of 29 of December, (BOE 30-diciembre-
2008). A series of updates and additional fields have been applied to the layout of
Modelo 347 report in accordance to the legislative requirements.
This update has also been back-ported to the following releases:
Release Patch Number
11.5.10 7564728
12.0 8635531:R12.JE.A
12.1.1/12.1.2 8635531:R12.JE.B
3.20.3.9. Spain: VAT Legislation: Modelo 415 Canary Island Turnover Report Changes
Companies operating in the Canary Islands and subject to the Canary Islands Tax
Regime are required to submit an IGIC Modelo 415 file. A series of updates and
additional fields have been applied to the layout of Modelo 415 in accordance of the new
legislative requirements.
This update has also been back-ported to the following releases:
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 32
Release Patch Number
11.5.10 8294328
12.0 8635531:R12.JE.A
12.1.1/12.1.2 8635531:R12.JE.B
3.20.3.10. Spain: Changes to Taxpayer ID Validation
In 2008, Spain issued new legal guidelines to allow Taxpayer ID’s to begin with alphabecharacters of “Y” and “Z” and specific logic to derive the correct format. Prior to this
change, Spanish Taxpayer ID’s were legally allowed to only begin with alphabet
characters up to “X”. This release supports the revised Spanish Taxpayer ID validation.
For additional information, please refer to My Oracle Support Knowledge Document:
759473.1, 760262.
3.20.3.11. United Kingdom: Support for Revaluations and Impairments per Statement
of Recommended Practice for United Kingdom Local Authority Accounting
The Joint Committee for CIPFA/LASAAC published “A Statement of Recommended
Accounting Practice (SORP) 2006”. The SORP recommends how fixed assets owned by UK Local Authorities are to be revalued starting from April 1, 2007.
Revaluation and impairment functionality in Oracle Assets now addresses the fixed asset
revaluation requirements as per SORP.
• Revaluation Reserve Accounting for – Net Book Value
• Generating Depreciation Neutralizing Entries
• Revaluation of Donated and Discounted Assets
• Impairment Classification Types
• Reason and Purpose Descriptions
• Generating Impairment Loss Neutralizing Accounting Entries
• Revaluations Directly Related to Prior Impairments
• Generating Asset Decommission and Disposal Entries.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
3.20.3.12.
U.S. Federal: New FACTS II Edit Checks and File Layout Changes
Closing Validation Edit 13 and Reclassification Edit 14 rules have been added as
configuration options for FACTS II processing in accordance with Treasury FMS
guidance. Additionally, the FACTS II Edit Check Detail Report has been modified to
include the status and supporting detail for these edits.
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 33
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 9351322 875303.1
12.0 9351569.FV.A 875303.1
12.1.1/12.1.2 9351569.FV.B
3.20.3.13. U.S. Federal: Enhanced Central Contractor Registration (CCR) Processing
CCR processing has been enhanced to process the BPN extract v4.07 files. Theseextracts contain unlimited Business Types, NAICS, SIC, PSC and FSC Codes, as well as
NAICS exception and SBA Certification Data. The CCR Vendors pages have been
updated to display this information.
3.20.3.14. Global: Support for Asset Impairment in Accordance with International
Accounting Standard 36
IAS 36 addresses financial accounting and reporting for impairment of assets. The
provisions provide that assets should not be carried at more than their recoverable
amounts. The Standard requires entities to carry out impairment tests for all their
tangible and intangible assets, other than assets in certain specified categories (e.g.
inventories, construction contract assets, financial assets and non-current assets
classified as held for sale). IAS 36 requires companies to measure an asset's recoverable
amount (the higher of the asset's or cash generating unit's fair value, less costs to sell, and
its value in use) and compare it to the book value. Oracle Assets now calculates and
generates asset impairments and the appropriate General Ledger journals in accordance
with IAS 36 guidelines.
This update has also been back-ported to 12.1.1 via the standalone patch:
8706842:R12.FA.B.
3.20.3.15. Global: Year End Closing Process
Selective country legislators stipulate that the year-end closing journals and year-
beginning opening journals are to be created using the net balance of each account.
The Close Process: Create Balance Sheet Closing Journals program and Close Process:
Create Income Statement Closing Journals program in General Ledger have been
enhanced to support this legal requirement. Using the new Net Closing Balance Journal
option in the Accounting Setup Manager, users can now generate the appropriate year-
end closing journals and year-beginning opening journals.
3.20.4. Release 12.1.3
3.20.4.1.
Argentina: Support for Argentina Simplified Regime (Monotributo)
The Argentine Fiscal Authority (Resolution 2616), introduced a new Withholding
Regime for Income Tax and VAT application to Simplified Regime Contributors (a.k.a.
Monotributista). Effective January 1, 2010, the new regime is effective on any payment
made to a Monotributista that has reached an annual threshold-billing amount as pre-
defined by the government.
The extended withholding solution for Argentine has been enhanced to address these
changes. Suppliers can now be defined using withholding types and rates applicable to
simplified regimes.
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 34
With these changes, users now can:
• Identify suppliers who are Monotributistas
• Verify supplier’s billing information against fiscal authority thresholds
• Analyze information through the Monotributistas Billing vs. Threshold
Verification Report
•
Automatically enable Simplified Regime applicability to Monotributistas that
meet the threshold.
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 8971151
12.0.5 9112951:R12.JL.A 987131.1
12.1.1/12.1.2 9112951:R12.JL.B 987131.1
3.20.4.2. Belgium: Annual VAT Report File Format v1.3
Effective from January 2010, the new v1.3 file format has replaced the current v1.2 file
format of the Belgian Annual VAT Return File.
This update has also been back-ported to the following releases:
Release Patch Number
11.5.10 9249589
12.0.5 9480859:R12.JE.A
12.1.1/12.1.2 9480859:R12.JE.B
3.20.4.3. Brazil: Support for Brazilian Electronic Collection Document Process (DDA)
Effective October 2009, Oracle Financials for Latin America introduced two newattributes in the Collection Document Window and in the Import Collection Documents
program to support the Brazilian Authorized Direct Debit (DDA) system:
• Collection Document Barcode: The Collection Document Barcode is required
for the Electronic File Transfer. This mandatory record speeds up the data entry
of manually collected documents and is now a required field in the Standard
Collection Document.
• Electronic Collection Document Flag: The Electronic Format (Y/N) flag
identifies if the respective collection document is electronic (Y) or standard (N).
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 8802352 1071872.1
12.0.5 9319746:R12.JL.A 987749.1
12.1.1/12.1.2 9319746:R12.JL.B 987749.1
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 35
3.20.4.4. China: Support for Version 2 of the China Accounting Software Data
Interface Standard
The China National Audit Office (CNAO) has defined a new version of their accounting
auditing filing standard, known as the China Accounting Software Data Interface
Standard. The new standard requires a number of XML-based reports, using data
primarily from the General Ledger, Payables, Receivables, Assets, and Payroll
modules. It is currently required for state-owned enterprises and public sector
organizations.
3.20.4.5. India: Enhanced Value Added Tax (VAT) Functionality to Support Flexible
Recovery Schedule for India
Oracle Financials for India now provides the flexibility to use VAT recovery schedules
and percentages to derive the tax installments and dates to claim or recover VAT on
capital goods.
3.20.4.6. India: Value Added Tax (VAT) Statutory Accounting and Reporting for Non-
Shippable Items
Users can now have the ability to generate Value Added Tax Invoice Numbers, perform
VAT Repository updates, and account for VAT taxes for customer billable non-shippable items on sales orders.
3.20.4.7. Israel: Israel VAT Report Enhancement
Effective January 2010, new legislation was introduced affecting companies issuing
periodic VAT declarations in Israel. The legislative changes include:
• Enhanced tax reporting boxes for declared input and output taxes
• New electronic flat file format declaration related to 835
•
Aggregated reporting of taxable sales transactions below the official publishedlimits
• Monthly percentage or amounts limits for tax reclaimed on Petty Cash
transactions
• Mandatory declaration of export trade transactions (Rshimon Export)
The EMEA VAT Reporting Setup has been updated to capture monthly aggregation and
declaration limits for Israel.
The following Israeli reports have been enhanced to incorporate the legislative changes:
• Israeli VAT AR Detail Report
• Israeli VAT AP Detail Report
• Israeli VAT Summary Declaration to Tax Authorities
• Israeli VAT File Generation Related to 835
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 36
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
12.0.6 9241039:R12.JE.A 981126.1
12.1.1/12.1.2 9241039:R12.JE.B 981126.1
3.20.4.8.
Israeli: Withholding Tax File – 856Legislative amendments to the Income Tax Ordinance require updates to the
‘Withholding Tax File – 856’. These amendments impact the existing ‘Israeli
Withholding Tax File to Tax Authority’ report.
In summary, the amendments are as follows:
• The existing Row 60 has been updated. New fields ‘Tax Year’, ‘Supplier Type’
and ‘Explanation for the Tax File in IRS’ have been added to this row.
• The existing Row 70 has been updated. New fields ‘Foreign Suppliers Total
Payments Paid by Bank’ and ‘Foreign Suppliers Total Withhold Amounts Paid
by Bank’ have been added to this row. Positions 53 to 101 are filled out withspaces.
• A new row (Row 80) has been added to the file. This row has 216 positions and
is composed of 12 lines, one line per each month of the year.
The following data is also generated as part of row 80:
• IRS Deduction File Number, Reporting Type Code, Tax Year, Period, Number
of Reported Suppliers, Total Payments, Total Withholding Tax, 155 spaces and
the constant ‘80’.
This update has also been back-ported to the following releases:
Release Patch Number
12.0.5 9253606:R12.JE.A
12.1.1/12.1.2 9253606:R12.JE.B
3.20.4.9. U.S. Federal: Extract File Changes for Central Contractor Registration
(CCR)
CCR processing has been enhanced to process the BPN extract v4.09 files. The extracts
contain additional NAICS information, as well as the Excluded Parties List System(EPLS) status. The CCRXML request version number has been updated to 2.10. The
CCR Vendors pages have also been updated to display the additional information.
3.20.4.10. U.S. Federal: Regulatory Updates to Statement of Budgetary Resources
The setup and concurrent process for the following Federal Financial Statements have
been modified to align with OMB Circular A-136 Revised (dated June 10, 2009) as well
as USSGL Fiscal Year 2010 crosswalk attributes:
• Statement of Budgetary Resources
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Oracle E-Business Suite Release 12.1.Release Content Document Tax, Legal and Regulatory Updates 37
• Statement of Changes in Net Position.
3.20.4.11. U.S. Federal: Regulatory Updates to SF-133 Report
The setup and concurrent process for the SF 133, Report on Budget Execution, has been
modified to align with OMB Circular A-136 Revised (dated June 10, 2009) as well as
USSGL Fiscal Year 2010 crosswalk attributes.
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
11.5.10 9307464 979828.1
12.0 9162915:R12.FV.A 979828.1
12.1.1/12.1.2 9162915:R12.FV.B 979828.1
3.20.4.12. Global: European Community VAT Changes for 2010
Effective January 1, 2010, the European Union (EU) introduced changes related to Value
Added Tax (VAT) to modernize and simplify the rules for cross-border supply services
and tax recovery. Business-to-business supply of services will now no longer be taxedwhere the supplier is located but will be taxed where the customer is situated. The
changes also introduced new reporting requirements.
Oracle Financials has been enhanced to address the new VAT changes by providing the
following features:
• Identify the intra EU service transaction lines and display them on the European
Sales Listing report
• Print standard legal messages on sales invoices.
This update has also been back-ported to the following releases:
Release Patch Number My Oracle Support
Knowledge Document
12.0 9337544:R12.ZX.A
9123675:R12.BPA.A
974979.1
1107453.1
12.1 9337544:R12.ZX.B
9123675:R12.BPA.B
974979.1
1107453.1
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Oracle E-Business Suite Release 12.1.Release Content Document Oracle Property Manager 38
4.
New and Changed Features in Real Estate Management
4.1.
Oracle Property Manager
4.1.1. Overview
Oracle Property Manager is the cornerstone of the real estate management solution
provided by Oracle. Whether you are a corporate, commercial, or retail operation, Oracle
Property Manager provides a comprehensive solution for managing your real estate
portfolio efficiently. Oracle Property Manager streamlines space management and lease
administration, and maximizes the value of your real estate by:
• Reducing costs and identifying new revenue opportunities
• Minimizing contractual and financial risk
• Providing data transparency
4.1.2. Release 12.1.1 Leasing Features
4.1.2.1. New Lease Statuses
Two new statuses have been introduced for leases. The new statuses are ‘Lease
Ordered’ and ‘Signed’. These statuses are available when the lease approval status is
‘Draft.’ When a lease has a status of Lease Ordered or Signed, schedules and items are
created for any one-time payments. This allows users to create invoices or make
payments from the lease, for terms with frequency of one-time only, before the lease is
finalized. Users can use this new functionality for deposits or other payments that may
be required before a lease is finalized.
4.1.2.2.
Lease Extension Enhancements
When the status is changed to Month-to-Month or Holdover and an extension date
entered, the following things will now be done automatically:
• Recurring payment terms that end on the lease termination date will be extended
to the new extension date.
• Users can choose to have variable rent and rent increase agreements extended.
This is described further in the sections on Variable Rent and Rent Increase
enhancements.
• Extensions of terms and agreements can be rolled forward month by month using
a new concurrent process.
• The system extends existing normalized payment terms differently depending on
the lease status. If the user changes the status from Active to Month-to-Month or
Holdover, the system extends a normalized payment term ending on the old lease
termination or extension date by adding a new non-normalized term rather than
by changing the end date of the existing term. If the lease is later placed back in
Active status, the term will be extended by addition of a new normalized term
beginning on the amendment commencement date.
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4.1.2.3. Tenancy Extension and Contraction
When the user extends or contracts a lease, tenancy records (records on the locations tab
of the lease) will be extended or contracted as well, as appropriate.
4.1.2.4. Assignment Occupancy Percent Determined by Attribute on Tenancy
A new field on the lease locations (tenancy) tab, Assigned % Area: determines the %
Area value on the Customer Assignment, that is, it will determine what percentage of the
location area is occupied by that customer. The default will be 100%
4.1.2.5. Multiple Schedules for Same Schedule Day
Oracle Property Manager can create a new draft schedule, if needed, for a date with an
existing approved schedule. This means you can create a new term with the desired
schedule day in all cases
4.1.2.6.
Prorating the Billing/Payment Amount based on a New Start Day Field
A new field has been added to the Lease form to capture the Year Start Date for
Prorating. Based on this field, the Schedule Start Date is determined considering the
period in which the Term Start Date falls into.
4.1.3. Release 12.1.1 Variable Rent Features
4.1.3.1.
Breakpoint Flexibility
Complete flexibility in setting up line items and breakpoint definitions has been
introduced. With this feature, users can:
• Set up complex agreements with changes to breakpoints, rates, breakpoint types,
line items, etc., occurring on any date, any number of times over the span of the
lease.
• Enter line item and breakpoint details with any start and end date, not restricted
to sales year start and end dates.
4.1.3.2. Updating Breakpoints
Users can now change breakpoint definitions at any time, regardless of whether variable
rent has been calculated and approved. To respond to amendments or to correct data,
users can change most parts of a variable rent agreement. If the changes affect rent that
has been approved, the application will create adjusting terms.
4.1.3.3.
Natural Breakpoint Enhancements
When the terms that form the basis for a natural breakpoint change, whether because of a
rent increase or because a user added or ended a term, the system now automatically
recalculates the natural breakpoints. The user can recalculate the variable rent; and if the
changes affect rent that has been approved, the application will create adjusting terms.
Users now select terms to form the basis for natural breakpoints using a new attribute on
the term, allowing complete control over which terms are to be included.
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Users can now have rent increases, selectively, included in the natural breakpoint basis
as the increases are assessed.
4.1.3.4. Early Termination of Agreement or Lease
The user can now end variable rent agreements as of any date, either directly or by
terminating a lease. The system will perform any recalculations necessary if variable
rent has already been paid for affected periods and will create adjusting and/or reversing
terms.
4.1.3.5. Extension of Variable Rent Agreements
The user can now extend the length of variable rent agreements, or have the system
extend the agreement automatically when a lease is extended. The user also chooses
whether to have the system automatically extend the latest breakpoint definitions when
the agreement is extended or to manually enter the breakpoint definition detail for the
extension period.
4.1.3.6. New Calculation Methods
Two new calculation methods have been introduced for Variable Rent.
• Year-to-Date. The system determines overage by comparing the cumulative
breakpoint with the cumulative sales (or other volume).
• True Up. The system calculates variable rent periodically through the year with
a non-cumulative method and then does a True Up calculation at the end of the
year (or other appropriate period).
4.1.3.7. New Partial Year Calculation Methods
Several new methods (in addition to the existing Standard Proration) have been
introduced to calculate variable rent in partial years at the beginning or end of an
agreement.
• First Year. A partial first year variable rent is calculated based on the first 12
months of sales, effectively using some sales from the second year as proxy for
the missing months in the first year. The resulting rent is prorated based on the
actual length of the first partial year.
• Last Year. This is the equivalent of the First Year method, applied to partial last
years.
• First Year / Last Year. If this Partial Year Method is selected, both the First
Year and Last Year methods will be applied.
• Combined Year with Breakpoint Proration. The first partial year is combined
with the second year. For cumulative and year-to-date methods, breakpoints and
volumes continue to accumulate for more than 12 months. The breakpoints are
effectively ‘annualized’ because the period of breakpoint accumulation matches
the period of volume accumulation.
• Combined Year without Breakpoint Proration. The first partial year is combined
with the second year. A blended annual breakpoint is calculated for the
combined period, converted to a 12-month value. This is used as the basis for
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breakpoints for all methods. Since the combined year is longer than 12 months,
and the sales are accumulated for that longer period, the breakpoint
accumulation is not matched to the volume accumulation and the breakpoint is
not, in effect, annualized.
• No Proration. The breakpoints are used as entered, without proration. There is
no interaction or combination between values in the first partial year and the
second year.
4.1.3.8. Month-to-Month Roll Forward of Variable Rent Agreements
If a lease is in Month-to-Month status, the user can choose to automatically extend the
variable rent agreement with each monthly roll-forward of the Month-to-Month
extension.
4.1.3.9. Enhancement to Cumulative Calculation Method
When the overage rate for calculation of variable rent changes mid-year, accumulation of
volume recommences. Breakpoints are prorated to the length of the ‘cumulative cycle’
determined by sales year end dates or rate changes.
4.1.3.10. Allowances and Abatements
There are a number of enhancements related to allowances and abatements. Users can:
• Create multiple allowances with effective dates.
• Specify whether allowances or abatements are to be applied first.
• Select terms for recurring abatement at the time that agreements are created.
• Roll forward recurring abatement selections automatically and have the system
apply abatements automatically as part of the variable rent calculation process.
• Enter amounts for ‘Fixed Abatement.’ This is a new type of abatement. A fixed
abatement is an amount entered by the user to be applied as abatement for each
invoice period, much like the system applies the amount of recurring abatement
terms each invoice period.
4.1.3.11. Carry Forward of Excess Abatement as Negative Rent
Users can now control through an agreement parameter whether excess abatement
amounts are treated as negative rent.
4.1.3.12.
Constraints
Users can now set start and end dates for constraints for the life of the agreement rather
than setting them up for each year.
4.1.3.13. Updating Volumes
Users can now update previously entered volume amounts through the Variable Rent
Gateway, where previously the only way to do an adjustment was by entering an
additional volume record (with a positive or negative adjusting amount).
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4.1.3.20. Processing by Property
Property has been added as a parameter to the concurrent process for calculation of
variable rent so that users can now select agreements by property for batch calculation.
4.1.3.21. Improved Variable Rent Report
An improved report has been introduced for reporting calculated variable rent.
4.1.4.
Release 12.1.1 Index Rent Features
4.1.4.1. Early Termination of Rent Increase Agreements
The user can now end rent increase agreements as of any date, either directly or by
terminating a lease. The system will create adjusting and/or reversing items as
necessary.
4.1.4.2. Extension of Rent Increase Agreements
The user can now extend the length of rent increase agreements, or have the system
extend the agreement automatically when a lease is extended.
4.1.4.3. Month-to-Month Roll Forward
If a lease is in Month-to-Month status, the user can choose to automatically extend the
rent increase agreement with each monthly roll-forward of the Month-to-Month
extension.
4.1.4.4. Index Multiplier
Users can now specify a multiplier to be applied for rent increases based on an index
value. The amount specified is multiplied times the calculated change in the index
amount and the rent is changed by the resulting value rather than by the actual index
change percentage.
4.1.4.5. Proration
The system will now prorate constraints on rent increase for partial years.
4.1.4.6. Term Length
One compounding rent increase calculation method has been changed so that rent
increase terms are created only for the length of the assessment period rather than to the
end of the lease. This is appropriate for this method so that users now do not need to
manually change the term lengths.
4.1.4.7. Include/Exclude Option
A system option has been introduced that controls how terms are selected to form the
basis for rent increases. With previous functionality, all terms of the selected type were
selected by default for inclusion and users would deselect terms as appropriate. An
organization now can choose whether terms are included or excluded by default. Users
will still have complete control at the individual agreement level.
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4.1.4.8. Recurring Backbill Terms
An option has been introduced that controls whether backbill terms are created as one-
time terms or as recurring terms. If they are created as recurring terms, the transaction
date for all resulting schedules is set to the same date, which is the date that the term was
approved.
4.1.4.9. Rent Increase Report
An improved report has been introduced for reporting calculated rent increases.
4.1.5. Release 12.1.1 Operating Expenses Features
This major new feature allows tenants to record in detail the lease clauses governing
payment of operating expense reimbursements or recoveries (also known as common
area maintenance expenses, etc.) to landlords. It also supports creating and changing
estimated payment terms and periodic reconciliations.
4.1.5.1. Create Operating Expense Agreement
Users can create an operating expense agreement for any lease clause governing the
payment of rent based on landlord operating costs or common area maintenance costs.
The agreement captures the key aspects of these agreements in a structured way that
enables consistent recording of agreements across the portfolio and also supports the
consistent and accurate reconciliation and ‘desktop audit’ of landlord reconciliation
statements. Aspects of agreements that can be recorded in a structured way include:
• All common ways of determining the pro rata basis for expense recovery, such as
occupied area with floor
• Multiple pro rata bases within a single agreement
•
Administration fees and anchor contributions
• Rules governing recovery of different expense groups or pools, within a single
agreement, such as whether a type of expense is subject to fees or cap
• All common methods for calculating caps and minimums
• Different reconciliation frequencies
• Whether rent is subject to tax
•
Stop amounts
• How reconciliation credits can be applied
• Standard expense group naming, for cross-portfolio comparisons
• Critical date rules, such as audit period and statement and payment due dates
• Extensive notes, by category
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4.1.5.2. Enter and Maintain Estimated Payment Terms
If the agreement requires the tenant to make estimated payments based on landlord
budgets, the user can create the payment term through the Operating Expense
Agreement. Estimated payment amounts are often adjusted by landlords annually or at
other intervals. The user can enter new amounts through the Agreement and the system
will create the appropriate term, including a catch-up term if needed. A history of the
changing amount is thus captured and displayed, with percent change.
4.1.5.3.
Reconciliation
Reconciliation is created for each agreement for each reconciliation period. The user can
record information from the landlord reconciliation statement and use the reconciliation
screens as a ‘workbench’ for doing a desktop audit of the reconciliation statement.
Features include:
• Key entry, from the landlord reconciliation statement, of information not
available to the user from other sources, such as actual landlord expenses.
o Optional entry of the same items, in an ‘Expected’ column, if the user
has information that conflicts with the values presented by the landlord.
• Presentation by the system of information that is known based on the Operating
Expense Agreement, previous payments, and prior reconciliations, such as
calculated cap amount, agreement fee percentage and amount already paid as
estimated payments.
o Optional entry of the same items in the ‘Statement’ column, if the
amounts on the landlord statement are not the same as expected.
• Detailed presentation of the operating expense obligation calculation, in side-by-
side layout, showing the values from the landlord statement next to the values
expected by the user. The calculation includes caps, fees, contributions,
occupancy adjustments and stops, pro rata share calculation, and prior payment
amounts.
• Presentations of the percent change over the prior period for each expense group
the total landlord expense, and the tenant share of expenses.
• Printable version of the detailed reconciliation analysis with side-by-side
comparison.
• Simple creation of reconciliation payment term based on the bottom line of the
reconciliation analysis, or simply the payment due amount on the landlord
reconciliation statement.
• Flexible expense year dates, or reconciliation period dates, so that
reconciliations can be done at irregular intervals if needed.
• Reconciliation notes and direct access to notes related to the agreement and to
prior reconciliations.
• Maintenance of critical dates specific to each reconciliation, such as audit period
end date.
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• Tracking of reconciliation and audit status, and users responsible for each.
• Preservation of prior versions of a single reconciliation.
4.1.5.4. Operating Expense Agreement Dashboard
A dashboard presents agreements, reconciliations, and related payment terms that are
likely to need attention, based on user-configurable selection criteria. The dashboard
also has advanced query capability for searching for agreements, reconciliations and/or
payment terms.
Users can select existing objects for view or update, or can initiate creation of new
agreements, reconciliations or payment terms from the dashboard.