changes in 12R

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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pvasudevarao
Posts: 1
Joined: Wed May 16, 2007 6:19 am
Location: India

changes in 12R

Post by pvasudevarao »

hi this is vasu
pls tell me the changes in 12R.what are the 4c's in 12R.
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cnubandi
Posts: 101
Joined: Thu Jan 04, 2007 2:06 am
Location: India
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Post by cnubandi »

Hai Vasu,

4c's are
<u>C</u>hart Of Account
<u>C</u>urrency
<u>C</u>alender
Accounting <u>C</u>onvension
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sajeedmujawar
Posts: 51
Joined: Thu Jan 18, 2007 11:34 am
Location: India

Post by sajeedmujawar »

Hi

Can you please elaborate more on the 4th 'C' please

Regards,
Sajeed
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SIVAKUMAR_G
Posts: 194
Joined: Tue May 15, 2007 7:45 am
Location: United Arab Emirates

Post by SIVAKUMAR_G »

Hi

Upto 11.5.10, the Basis of accounting either Accrual or Cash and Accrual with Encumbrance accounting or Cash with Encumbrance accounting are decided at Application level like AP and AR.

Now they Brought this as part of defining set of books itself in R12 and you can define your own accounting convention also.

This is what is referred to as 4th C (Accounting Convention)

If you look at Payable option set up you do not find the Primary accounting and Secondary accounting etc., This is now become part of Set of Books definition

Hope this helps

Regards
Sivakumar
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