General Ledger R12 New Features

1)      Multiple Organizations Access Control

Multiple Organizations Access Control (MOAC) has made significant

enhancements to the Multiple Organizations architecture that was used in Release 11i. If

Your company has implemented a Shared Services operating model, Multi-Org Access

Control allows you to process business transactions more efficiently. You can access,

process, and report on data across multiple operating units from a single responsibility

without compromising data security or system performance.

2)      Oracle Subledger Accounting

3)      Definition Access set

General Ledger definitions and setup definitions, such as Mass Allocations and

Financial Statement Generator (FSG) reports, can be more easily shared and secured

across your organization by allowing you to restrict certain users from viewing or

updating those definitions or using them in processes.

Terminology Changes

Sets of books is replaced by ledgers

This is simply a terminology change. All set of books options are now called ledger

Options

Multiple Reporting Currencies is replaced by Reporting Currencies

Reporting sets of books are replaced by reporting currencies. Reporting sets of

books assigned to primary sets of books automatically upgrade to reporting

currencies that are assigned to a primary ledger. All conversion options for Multiple

Reporting Currencies are retained as part of the reporting currency definition

Global Intercompany System (GIS) is replaced by Advanced Global Intercompany

System (AGIS)

Centralized Accounting Setup

The new Accounting Setup Manager simplifies and centralizes accounting-related setup

for common financial. you can define your legal entities and their accounting context, such as

the ledgers and reporting currencies that perform the accounting for your legal entities.

Sets of Books

• All sets of books upgrade to ledgers in an accounting setup.

The upgrade creates data access sets for upgraded ledgers to facilitate the creation

of advanced data access and data security policies.

• A subledger accounting method, such as Standard Accrual, is automatically

assigned to all upgraded ledgers.

A subledger accounting method allows General Ledger to integrate with sub ledgers

via Subledger Accounting.

• The secondary tracking option for revaluation and closing and translation has been

streamlined.

Global Accounting Engine functionality is obsolete

Single posting sets of books with multiple main sets of books upgrade to multiple

primary ledgers that share the same secondary ledger.

Period Rates Replaced by Daily Rates

Period rates are replaced with daily rates.