What is your functional currency?

by David Haimes (with excerpts from an internal document by Seamus Moran)
Regular readers will probably be used to this answer now… it depends.
In General Ledger 11i your functional currency referred to the currency of your set of books, it was one of your three Cs (Calendar, Currency and Chart of Accounts). In R12 [...]

R12 Best Practices White Paper

I noticed today on Stephen Chan’s blog that this White Paper is available on metalink
Best Practices for Adopting Oracle E-Business Suite, Release 12 (Metalink Note 580299.1)
I haven’t reviewed the document yet, despite there being a section on AGIS. As soon as I resolve the problem I’m having with my metalink login I will [...]

Financial Services Accounting Hub (FSAH)

Financial Services Accounting Hub or FSAH (pronounced F-saa apparently) is a great product and is not only for Financial Services companies either, I understand we’ll sell it to anyone.
From a (very) high level perspective it allows you to use Oracle SLA and GL to perform the accounting for third party applications. Companies the Financial [...]

Multi-Org Access Control

Written by David Haimes
Multiple Organizations Access Control or MOAC (pronounced MOW-ACK) to use the seemingly obligatory acronym, is a powerful, yet simple to implement feature available in R12.
Implementors spend a lot of time figuring out how to configure their Legal Entities, Ledgers and Operating Units. There are a number of options some restrictions, depending [...]

The Armchair Architect

One of the more powerful additions to Oracle financials in R12 is the Subledger Accounting Architecure (SLA or SLAA) and it brings new concepts and terminology which may be hard to figure out.
The good news is there is a blogger to the rescue.  Anne Wong is The Armchair Architect and she’s starting to get SLA [...]

And General Ledger too

It’s been a busy week for me and I have a lot of homework to get through this weekend. I was asked to take on the General Ledger(GL) product ‘ownership’ in addition to Legal Entity and Intercompany.
I am a little uncomfortable calling myself owner of products, we use this to mean that the product [...]

Why do I need another period ?

In R12 we introduced AGIS periods that control the transactions entered in AGIS, this is a feature that is often misunderstood. The usual question is - Why do I want another period? I’ll give some ideas why you might want one, but if you decide you don’t need one, don’t worry we made [...]

Useful Oracle Financials Resources

I am often asked what book to read to learn Oracle Financials, there is no one complete answer, it is so huge an area it is best to start with overviews and dig into details as needed/time available. If you get the concepts right everything else will drop into place much more easily than [...]

Legal Entity Configurator - Why?

In Oracle Ebusiness Suite 11i, the Legal Entity is tied closely to a set of books and operating Unit, so your Legal Structure has to be defined in the way you set up your apps partitions (OU, Set of Books etc.). In R12 financials breaks away from that with the introduction of the Legal [...]

Can I assign an Operating Unit to Multiple Legal Entities?

The short answer is sort of. Which is not much help to anyone, hopefully you will have a few moments to read on and I can explain myself. This post assumes that you understand the relationship between Legal Entities and Ledgers which I discussed in an earlier post.
In R12, a new [...]