Escolar Documentos
Profissional Documentos
Cultura Documentos
Major Focus
Easy Reporting
Parent Compliance
Transparent US GAAP / IAS-IFRS
Audit, €+$ Corp COA
Reconciliation Financial
Financial Analytics Corp Calendar
& Drilldown Data
Data for
for
Management
Management
+ National Compliance
-- and
and Local Regulation
Compliant
Compliant
€ National COA
Comprehensive Local Calendar
and compliant Controlled
processing Transaction
Entry
How Financials Release 12 Can Help
The Global Business Release
Release Twelve
The Global Business Release:
A New Financial Architecture
Global Financial Architecture
6 Major Initiatives
1. Ledger and General
Ledger Ledger
& Ledger
Ledger Sets Sets
2. Multi-Org
Dr Cr
Access Subledger Accounting (SLA)
Control
3. Subledger Tax Inter Bank
Accounting Engine Company
Mod
el
4. Tax Engine
5. Intercompany
Multi-
6. Bank Model Org
Access
Control Inventor Receivables Projects
y
Multi-Org
Access Control
Work Think Manage
MOAC: Multi-Org Access Control
Role based access to Operating Units
Select
Operating
Units
In daily use
Run Reports
Select
Across
Operating
Classify Unit
Organization Operating
classification
as operating Units
unit
<Insert Picture Here>
Subledger Accounting
GENERAL LEDGER
Cash 100 3,500,000 2,750,000 750,100
SLA Controls that Receivables
Inventory
1,000,000
500,000
3,000,000
1,200,000
3,500,000
1,500,000
500,000
200,000
sources S&M
G&A-Fin
300,000
300,000
300,000
300,000
G&A-IT 150,000 150,000
G&A-HR 150,000 150,000
Period Income 300,000 300,000
Income Statement - 24,000,000 24,000,000 -
Opening Closing
Balance Debit Credit Balance
SUBLEDGER ACCOUNTING
Receivables
Customer One 250,000 150,000 400,000 -
Customer
Customer
Customer
Two
Three
Four
350,000
100,000
100,000
250,000
1,500,000
800,000
450,000
1,400,000
750,000
150,000
200,000
150,000
General Ledger
Customer Five 200,000 300,000 500,000 -
Total 1,000,000 3,000,000 3,500,000 500,000
Payables
Vendor
Vendor
Vendor
I
II
III
(250,000)
(100,000)
(150,000)
1,000,000
75,000
725,000
900,000
50,000
775,000
(150,000)
(75,000)
(200,000)
SLA Detail
Vendor IX (250,000) 1,000,000 975,000 (225,000)
Total (750,000) 2,800,000 2,700,000 (650,000)
Multiple Accounting Representations
Global Compliance – Statutory and Stock Market
Ledger A Ledger B Multiple Ledgers
French Rules US GAAP
Plan US COA
Comptable US
French Calendar
Calendar EUR
EUR
or
Dr Cr
Subledge
r Single
Accounti subledger
ng transaction
Chose to use an
can create
alternative
multiple
Ledger -
accounting
or just an
representations
Adjustment
Payables Invoice and in multiple Ledger or
currencies
segment
SLA keeps the Subledgers & GL tied out
Keep the auditors happy!
Subledger
Accounting Accounting Journal
Events Program Entries
GL
Subledger Accounting Journal
Service Entries
and
Transactions Reconciled: Subledger Balances
(& adjustments) Docs, SLA, GL in synch Balances
<Insert Picture Here>
Ledger B
US GAAP Implements the 4
US COA C’s:
US Accounting
Calendar Method
EUR Chart of
Accounts
The balanceCon Creditors (COA)
alendar
is 4.2MCEur (Currency)
urrency
on March 31, 2006 (Calendar)
according to IAS/IFRS definitions (Accounting Method)
Reporting
Currency
Ledger Sets
Global Information At A Glance
Ledger A Ledger B
French Rules US GAAP
Plan US COA
Comptable US
French Calendar
Calendar EUR
EUR
Reporting
Currency
Ledger Sets
Global Information At A Glance
Share:
Ledger Chart of
Set Accounts
Calendar
Ledger C
US GAAP
US COA
Ledger A Ledger B US Calendar
French Rules US GAAP USD
Plan US COA
Comptable US
French Calendar Ledger D
Calendar EUR US GAAP
EUR US COA
US
Calendar
Key benefits to many Ledgers in one AUD
set
•Decision-driving business information
always available
Reporting
•Simpler processing and General Ledger Currency
management
•Data and definitions that can be shared
Currency in Release 12
• Transaction Currencies
• Accounting Currency in Primary Ledger
• Reporting Currency in Primary Ledger
• More Accounting Currencies in Secondary Ledgers
• For every transaction OR
• For SLA Posting level / GL activity level
• Balance level Translation or Remeasurement in
Ledgers – within Ledger sets, run at one click
• Balance & Activity level Translation or
Remeasurement in Financial Consolidation Hub
• Enhanced Revaluation
• [Functional Currency term dropped: conflicts with IAS 21 / FAS 52]
Data Access, Definition Access
• Data Access Sets
• Grant and tailor access to Ledgers and Balancing Segment
Values (i.e. Companies, Stores, Branches, etc.)
Privileges
View Write
GL Manager Accountant
France Ledger
Canada Ledger
US Ledger
Ledger Considerations
Ledger Sets – Work them your way
Management
Ledger Set
Corporate
US Ledger Set Ledger Set
Legal Ledger Legal Legal Ledger Adjustment
US1 Ledger US3 Ledger US
adjustments
US2 eliminations
UK Ledger Set
Legal Ledger Legal Ledger Adjustment Adj Ledger
UK1 UK2 Ledger UK Corporate
Global Business
Functions
Setup and maintain: Legal Entities, Establishments, Jurisdictions, Legal Authorities, Legal Addresses
Where LE fits in…
Accounting Setup
Manager (ASM)
E-Business Tax
Purchasing
Compliance, Assurance Efficiency, Global Visibility
Parties
Single Interface for Transactions
Payables Places
Calculate
Determine Applicable Tax Status Taxable Tax
Products Regimes Taxes & Rate Basis Amount
Sales Orders
Processes
Transparent Integration with Tax Partner Services
Receivables
Tax Reports
… - PDF, HTML, RTF
- Security enabled
Tax
Transactions
Taxes,
Rules
<Insert Picture Here>
Advanced Intercompany
(AGIS)
Open
Interfaces /
API
Generate subledger invoices Online
Control transaction entry with Reconciliation
Excel Reporting
Intercompany Calendar
(Web ADI) Fully Configurable Approval Rules
Flexible Security Model
Centrally defined Intercompany XML
Accounts Publisher
Reports
Dr Cr
General Subledger
Ledger Accounting Receivable Payable
s s
AGIS at Work
Rebilling a Corporate Cost from an USA HQ
Subledger
General Invoices &
Ledger Documents
Illinois Entries New
York France Italy
Company Company Company Company
<Insert Picture Here>
Banking Model
OU C Single
Payment Bank Payments
Instruction
Sub Ledger
Accounting
Invoices
Banks
Legal Entity
Operating Units
<Insert Picture Here>
Sharing Services
• Global Set-up
Work in Purchasing Payables
• Global Integration Process
Share Services, maintain privacy
Exploit Cross-OU Processes
Yesterday: An LE Group in 1
SoB with 1 OU - no partitioning R12: Introduce partitioning
without sacrificing processes
Ledgers in
Ledger Sets, MOAC
New OUs
Inventory
Inventory Inventory Receivable Projects
Receivable Projects
s s
Work in
Process Work in
Work in
Process Assets Process Purchasing Payables Assets
Purchasing Payables
Release 12: The Global Business Release
MOAC,
Intercompany,
+300 Features
Bank, Payments
TCA, LE
Q&
QUESTIONS