Intercompany Accounts with All Other-All Other Rules

I recently had a question about what Balancing Segment Value (BSV) to enter in the accounts for the All Other All Other rule and I have to admit it could be a little confusing. There is a technical limitation with the flexfield infrastructure we use to capture and store accounts which means [...]

Larry is in the building

When I looked out of my office window this morning I noticed somebody had a left a great big yacht outside 500 building. It is still there, nobody towed it and I didn’t see any parking tickets on it, so I assume Larry parked it there. I wonder if it’s his new ride [...]

Tax Avoidance, Planning, Mitigation and Evasion

What is the difference between Tax Avoidance, Planning, Mitigation and Evasion? The first three of these are legal and the last one isn’t. With the recent conviction of Wesley Snipes, tax has been in the news quite a lot and over in the UK there has been some interesting stuff written [...]

Product Development 2.0

I had dinner with the Appslab crew last night, they’ve been at the Web 2.0 Expo doing their thing; I expect Jake will blog about th conference soon. I enjoyed listening to their ideas and figuring out how they fit into not only our products but our development process. I’ve been [...]

What Exchange Rate to use for Intercompany

Leslie posted some excellent comments, which touched on the exchange rates to use on intercompany transactions, a very interesting and complex topic. I have discussed this at length with Seamus Moran many times, he has educated and enlightened me and I use an example of his here.
Consider Top Hat Global Corp

The group reports [...]

What can we do for you ?

I have an Intercompany group on Oracle Mix and I want to invite all readers of this blog to join and start posting ideas, discussions and also sharing experiences.
It doesn’t have to be specific to Oracel products, it could be ideas for new features, better collateral or whatever you want to start discussions about and [...]

Intercompany Vs Intracompany

When I present about Oracle Intercompany products I always start with a couple of slides explaining the difference between Intercompany and Intracompany and why we might care about the difference. This is sometimes obvious but often the two terms are used interchangeably or the term Intercompany is used generically to discuss Inter and Intra [...]

New Intercompany features in R12

R12 introduces the new product Advanced Global Intercompany System (AGIS), which takes forward the features provided by GIS in 11i GL and adds a number of important new capabilities. The major new capabilities are:

Creation of Documentation (ie. Payables and Receivables Invoices) for AGIS transactions

How do I define my Legal Entities?

In the real world a Legal Entity (LE) can enter into contracts, own cash (bank accounts), employ people, pay taxes, be sued and simlar. In Oracle Financials Release 12, a whole new product; Legal Entity Configurator, was created to manage them. We allow you to define your real world Legal Entities and then [...]

Intercompany is over 60% of World Trade

As Intercompany is the area I focus on in my work in Oracle Financials Developemt, I was interested to see a comment in an article in The Guardian (UK Newspaper) which stated:
“Over 60% of international trade now takes place between subsidiaries within transnational groups, according to the OECD.”
Maybe that is why I feel so busy [...]