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changes in 12R
Posted: Tue Aug 14, 2007 8:55 am
by pvasudevarao
hi this is vasu
pls tell me the changes in 12R.what are the 4c's in 12R.
Posted: Tue Aug 14, 2007 3:14 pm
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
Posted: Mon Sep 03, 2007 12:46 pm
by sajeedmujawar
Hi
Can you please elaborate more on the 4th 'C' please
Regards,
Sajeed
Posted: Mon Sep 03, 2007 3:21 pm
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