Posted on November 18, 2013 by David Haimes
I registered with WordPress.com for this blog six years ago today. My first post was a review of my social calendar for OOW 2007, taking a swipe at Chevy’s, Elton John and Budweiser. I went on to post 12 times in the remaining 13 days of November, including the now legendary Intercompany Vs Intracompany, it is still the most viewed post on my blog and has amassed 81,331 onsite view to date, which amazes me. My second most popular post of all time is How do I define my Legal Entities? with 28,690 views and that post is also the most commented on post ever on my blog. So I clearly did my most popular work in the first two weeks and have ridden that wave ever since.
So six years on I found inspiration at Oracle Open World again this year and am trying to get my blogging frequency up again, I have plenty of content in my mind, but it is finding the time and energy to form it into meaningful and digestible blog posts that takes the time.
Filed under: Intercompany | Tagged: blogs, Intercompany, OpenWorld, Oracle | 2 Comments »
Posted on November 8, 2013 by David Haimes
In the R12 Accounting Setup Manager, you can assign Balancing segment values (aka BSV, Company Codes) to Legal Entities, that’s nothing new for me to blog about. However a few times in the last month or two I have been asked a question along the lines of
“We are doing a re-org or have created a new LE and now we want to reassign an existing BSV to the new LE, how do we do that?”
My reply is
“I don’t think you really want to do that”
The reason why is because moving ownership of assets and liabilities from one Legal Entity to another is an Intercompany Sale, it has to be done correctly and any taxes due etc must be paid. Also you need to keep all the history of the activity the old legal entity did and report on that and have it available for audit. Also you probably want to deal with all the open transactions against the old LE in one way and just start recording new transactions against the new LE. A good option is to create a new balancing segment value and assign that to the new LE.
There is one situation where I am ok with people wanting to change the assignment, that is when it was a mistake during implementation and you have not entered any transactions against it yet. That is essentially a data fix.
Filed under: General Ledger, Intercompany, Oracle Financials | Tagged: Company code, EBS, ebusiness suite, ERP, financials, Legal Entity, Oracle, Oracle Applications, Oracle Financials, R12 | Leave a Comment »
Posted on October 30, 2013 by David Haimes
I was prompted to write the by this very funny post on the excellent xkcd.com, which highlights what I think is a growing problem of attention grabbing headlines to try and drive traffic. Everything has to be a ’5 things…’ or ‘You won’t believe…’ type of headline and format of post, rather than a headline giving an idea what the post is about.
I do like to make snappy titles to my blog posts, but that is to make them more readable and memorable, if you were blogging about Enterprise Software and Accounting (possibly the two most boring subjects known to man) you would do the same. I do the same with presentations, for example to make my point that mobile solutions need to think about rapidly changing platforms I brought in a host of mobile devices from the last 12 years, it is a trip down memory lane, a little bit of fun and it helps to emphasize my point.
What I don’t do is artificially squeeze a topic into the standard format that is said to generate more traffic to a blog. I think this is selling your soul for clicks and if your writing has no soul then how can you expect to engage the readership you want to reach? I personally tend to avoid clicking on headlines or links like “This video will blow your mind – MUST SEE”, the chances of my mind being blown are slim and I am fairly sure that if I don’t see it, then life will go on just fine. I suspect most of my readers feel the same way about attention grabbing headlines, so probably nobody is reading this anyway.
Filed under: Intercompany | Tagged: Blogging | 1 Comment »
Posted on October 11, 2013 by David Haimes
I like the name Fusion Accounting Hub. I would like it more if it did not cause so much confusion with the E-Business Suite (EBS) Financial Accounting Hub. So in an effort to clear things up, I’m writing this blog post.
First some history. When we designed EBS R12 we wanted to have a common accounting engine for all subledgers, so we built Subledger Accounting (SLA). We also wanted to provide a platform for customers to generate accounting for all their non Oracle Apps transactional systems using a rule based system. So we created Financial Accounting Hub (FAH) which exposes the SLA rules engine to external systems so you can bring those into EBS and generate the accounting for multiple systems in one place, using standardized, transparent accounting rules.
When we were building Fusion Applications, we wanted to Fuse the market leading Hyperion BI and Financial Reporting features as well as the powerful PeopleSoft Trees* with EBS General Ledger. We also wanted to provide a way for Peoplesoft, EBS and JDEdwards customers to move to Fusion in an incremental manner, maybe consolidating data from several GL instances into one Fusion system. The result was Fusion Accounting Hub (FAH). Oh and also we also provided the accounting rules engine for external systems in the Fusion Accounting Hub.
So we ended up with the same ‘Accounting Hub’ name for the Fusion product when it really offers a whole lot more and different options, which you can pick and choose what you take advantage of.
So in summary:
- E-Business Suite Financial Accounting Hub – An accounting integration platform
- Fusion Accounting Hub – A BI, reporting and consolidation Platform and an Accounting Integration platform
The other great thing about Fusion Accounting Hub is it is a a great way to incrementally move all your financials into Fusion, but that is a topic for another post…
I hope this clarifies, rather than confuses things, but please let em know your questions in the comments section below.
*Actually there are other Peoplesoft features we include, not least of all automatic balancing across multiple chart of account segments.
Filed under: Intercompany | Tagged: ebusiness suite, FAH, Financial Accounting Hub, Fusion Accounting Hub, Fusion Applicaitons, GL, Oracle, peoplesoft | 3 Comments »
Posted on September 27, 2013 by David Haimes
At the moment I am talking a lot about AGIS with customers,
users and consultants. It seems it’s being used a lot and I have
had a few people asking me if I know any consultants experienced in
it because they have are struggling to fine experts to implement
it. What is interesting is how everyone pronounces it, “a-jis”
rather than how we always pronounced it in product development was
spelling out the letters AGIS or frankly we just call it
Intercompany. Just goes to show once things are out in the world,
they take on their own life and identity.
Filed under: AGIS, Intercompany, Oracle Financials, Oracle Intercompany | 6 Comments »