Difference between 11i Period & R12 Period Close

[oracleapps1983]

Hi

May i know is there any Difference between R12 Period Closing Process and 11i Period Close Process.

Regards
Oracleapps1983

[roopeshpdit]

Hi

I don't thing there is much difference in the Period close of 11i and R12:

I fact they are the same, but for some of terminology like
Set of books : Ledger Etc
GL Close is the same as 11i
P2P Close is the same as 11i
OTC Close is the same as 11i

Thanks

[karthikeyanp1981]

The process remains the same, no change

Invoice Approval
Invoice Validation
Completing all payment batches
Accounting of transactions
Transferring them to General Ledger
Closing the books
If exceptions exists, sweep and close the period.

[oracleapps1983]

Thanks Karthik and roopeshpdit for your valuable suggestion.

[mstapps]

hi any one expaine me what are main defference in GL

in 11i and R12

thanks and regards
mstapps