dear friends,
will anybody tell me what is the main differance between 11i
and new release 12i to the functional consultant point of view.
thanking you
manpreet singh
11i and 12i differances
12i Features
Release 12.0 is designed to increase the ease with which you understand and process your worldwide business and address compliance in every nation. It reflects the maturity of several initiatives designed to rationalize subledger bookkeeping, generalize transaction tax compliance and improve access to subledger data, with the intention of both facilitating subledger shared services and improving and standardizing throughput. Also in support of shared service ideals, we?ve revised our bank and disbursement models.
We?ve distinguished the data from the management of general ledgers, improved legal entity support and intercompany processing, and built a new row and column consolidation system, rich in financial management functions. These features are designed to expedite your regional and group control, lower your finance expenses, and speed decision making by centralizing the processing of dispersed data. Daily Business Intelligence is greatly expanded, and XMLPublisher brings powerful report customization to the end-user?s desktop. Your decision-making requirements also drove radical improvements to our budgeting, profit management and activity analytics, which along with the new Financial Consolidation Hub are applications built on the shared Enterprise Performance Foundation.
In addition to these initiatives, we?ve included many more enhancements and new features to the E-Business Suite.
In Release 11i, a user assigned to an Operating Unit (OU) would process data from the products deployed in that OU. To process data for another OU, a user would log out of the first and into the second. The data generated in that OU would be accounted for according to rules generated by various product accounting engines, and posted to general ledger in ways appropriate for the
different products, some generating part of the detail at different times in the process. General Ledger sets of books (SoB) were self-contained, reflecting the balances of the entity to which you?d assigned the SoB, and managed by users assigned to the SoB.
In Release 12.0, by contrast, users can be assigned to multiple operating units, and are supported by processes and transactions that can span operating units. Their data is book-kept according to rules stored in a single accounting engine, and the accounting is stored in subledger tables that are standard across all products. Complete accounting is maintained for every appropriate event, and all subledger entries are fully balanced and detailed. A single, common posting engine summarizes to your required level of detail, and posts to General Ledger. Sets of Books are replaced by the accounting entity?s ?ledger? for data, and its ?Ledger Set? for processing, from reporting, opening and closing, through allocations. Ledgers can be combined into ledger sets, and GL users are assigned to the ledger sets
User access to multiple operating units is called ?Multi-Org Access Control?, (MOAC). The new subledger accounting architecture is described in the Subledger Accounting (SLA) section. Ledgers, ledger sets and multiple ledgers are described in the General Ledger section.
Terminology
Term Definition
Ledger Defined in Oracle General Ledger, one or more legal or
Business entities that share a common chart of accounts
Calendar, currency and accounting method. Ledgers
Replaces SOB in 12.0
Ledger sets A group of Ledgers that share the same chart of accounts
Calendar, currency and period type. In oracle General ledger
They enable to perform certain operations for multiple ledgers
At the same time, ie opening period and running reports.
Set of Books A SOB is converted to Ledger in release 12.0
Oracle General Ledger facilitates the organizations in the tasks like Financial Control, Data Collection, Information Access and Financial reporting and analysis. The following is a list of Oracle General Ledger, new features/options available in this Release 12. There will be many more features as here I have listed just those which I noticed.
1) The feature Set of Books is no more and concept of Primary Ledger and Secondary Ledgers is introduced.
2) For the setup of Primary Ledger and Secondary Ledgers is done using Accounting Setup Manager (ASM).
3) With Accounting Flex field a new flex field is now available which GL Ledger Flex field is. It is created using Program - Generate Ledger Flex field by adding an additional segment in the
Primary Accounting Flex field.
4) In additional of existing flex field qualifiers new qualifier named Flex field Qualifier -
Management Segment is added. You can optionally assign a management segment if you want
to secure management values or perform management reporting. The management segment
Can be any segment, except the balancing segment or natural account segment. Typically, the
Management segment is a segment that has management responsibility, such as the
Department, cost center, or line of business. By designating a segment of your chart of
accounts to be the management segment, you can secure access to the management segment
Values with data access sets.
We can assign a management segment to an existing chart of accounts at any time by running two programs in sequence (Prepare Journal Batches for Management Segment Upgrade and Complete Management Segment Upgrade).
Release 12.0 is designed to increase the ease with which you understand and process your worldwide business and address compliance in every nation. It reflects the maturity of several initiatives designed to rationalize subledger bookkeeping, generalize transaction tax compliance and improve access to subledger data, with the intention of both facilitating subledger shared services and improving and standardizing throughput. Also in support of shared service ideals, we?ve revised our bank and disbursement models.
We?ve distinguished the data from the management of general ledgers, improved legal entity support and intercompany processing, and built a new row and column consolidation system, rich in financial management functions. These features are designed to expedite your regional and group control, lower your finance expenses, and speed decision making by centralizing the processing of dispersed data. Daily Business Intelligence is greatly expanded, and XMLPublisher brings powerful report customization to the end-user?s desktop. Your decision-making requirements also drove radical improvements to our budgeting, profit management and activity analytics, which along with the new Financial Consolidation Hub are applications built on the shared Enterprise Performance Foundation.
In addition to these initiatives, we?ve included many more enhancements and new features to the E-Business Suite.
In Release 11i, a user assigned to an Operating Unit (OU) would process data from the products deployed in that OU. To process data for another OU, a user would log out of the first and into the second. The data generated in that OU would be accounted for according to rules generated by various product accounting engines, and posted to general ledger in ways appropriate for the
different products, some generating part of the detail at different times in the process. General Ledger sets of books (SoB) were self-contained, reflecting the balances of the entity to which you?d assigned the SoB, and managed by users assigned to the SoB.
In Release 12.0, by contrast, users can be assigned to multiple operating units, and are supported by processes and transactions that can span operating units. Their data is book-kept according to rules stored in a single accounting engine, and the accounting is stored in subledger tables that are standard across all products. Complete accounting is maintained for every appropriate event, and all subledger entries are fully balanced and detailed. A single, common posting engine summarizes to your required level of detail, and posts to General Ledger. Sets of Books are replaced by the accounting entity?s ?ledger? for data, and its ?Ledger Set? for processing, from reporting, opening and closing, through allocations. Ledgers can be combined into ledger sets, and GL users are assigned to the ledger sets
User access to multiple operating units is called ?Multi-Org Access Control?, (MOAC). The new subledger accounting architecture is described in the Subledger Accounting (SLA) section. Ledgers, ledger sets and multiple ledgers are described in the General Ledger section.
Terminology
Term Definition
Ledger Defined in Oracle General Ledger, one or more legal or
Business entities that share a common chart of accounts
Calendar, currency and accounting method. Ledgers
Replaces SOB in 12.0
Ledger sets A group of Ledgers that share the same chart of accounts
Calendar, currency and period type. In oracle General ledger
They enable to perform certain operations for multiple ledgers
At the same time, ie opening period and running reports.
Set of Books A SOB is converted to Ledger in release 12.0
Oracle General Ledger facilitates the organizations in the tasks like Financial Control, Data Collection, Information Access and Financial reporting and analysis. The following is a list of Oracle General Ledger, new features/options available in this Release 12. There will be many more features as here I have listed just those which I noticed.
1) The feature Set of Books is no more and concept of Primary Ledger and Secondary Ledgers is introduced.
2) For the setup of Primary Ledger and Secondary Ledgers is done using Accounting Setup Manager (ASM).
3) With Accounting Flex field a new flex field is now available which GL Ledger Flex field is. It is created using Program - Generate Ledger Flex field by adding an additional segment in the
Primary Accounting Flex field.
4) In additional of existing flex field qualifiers new qualifier named Flex field Qualifier -
Management Segment is added. You can optionally assign a management segment if you want
to secure management values or perform management reporting. The management segment
Can be any segment, except the balancing segment or natural account segment. Typically, the
Management segment is a segment that has management responsibility, such as the
Department, cost center, or line of business. By designating a segment of your chart of
accounts to be the management segment, you can secure access to the management segment
Values with data access sets.
We can assign a management segment to an existing chart of accounts at any time by running two programs in sequence (Prepare Journal Batches for Management Segment Upgrade and Complete Management Segment Upgrade).
Major differences between 11i and 12i
Terminologies
11i
12i
Sets of Books Ledgers------------------------------Ledgers
Global Accounting Engine Subledger Accounting--SLA Subledger
Accounting ? SLA
AX Posting Sets of Books Secondary Ledgers-----Secondary Ledgers
Global Intercompany System-----------------------Advanced Global Intercompany System
GL Intercompany Accounts-------------------------Intracompany Balancing
Translated Currency--------------------------------Balance Level Reporting Currencies
Multiple Reporting Currencies ? MRC--------------Reporting Currencies-RC
MRC Primary Set of Books-------------------------Primary Ledger
MRC Reporting Set of Books-----------------------Reporting Currency
Thin MRC Reporting Book--------------------------Journal level RC
Full MRC Reporting Book---------------------------Subledger level RC
Translated Balance---------------------------------Balance Level RC
Supplier---------------------------------------------Trading Partner
Terminologies
11i
12i
Sets of Books Ledgers------------------------------Ledgers
Global Accounting Engine Subledger Accounting--SLA Subledger
Accounting ? SLA
AX Posting Sets of Books Secondary Ledgers-----Secondary Ledgers
Global Intercompany System-----------------------Advanced Global Intercompany System
GL Intercompany Accounts-------------------------Intracompany Balancing
Translated Currency--------------------------------Balance Level Reporting Currencies
Multiple Reporting Currencies ? MRC--------------Reporting Currencies-RC
MRC Primary Set of Books-------------------------Primary Ledger
MRC Reporting Set of Books-----------------------Reporting Currency
Thin MRC Reporting Book--------------------------Journal level RC
Full MRC Reporting Book---------------------------Subledger level RC
Translated Balance---------------------------------Balance Level RC
Supplier---------------------------------------------Trading Partner
-
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