R12.2.2 Financials New Features
R12.2.2 enhancements compared to R12.1.3…
This is an excerpt with highlights from Metalink document id: 1302189.1
For:
- Financials
- Projects
- Flexfields
E-Business Tax
- Customer Tax Information Import: Customer interface program now supports the following:
- Party Tax Profile
- Tax Registrations
- Exemptions
- Reporting Code Association
- New condition set operators: Used to be available in R12.1.3 as a patch only:
- Null
- Not Null
General Ledger
- Integration with the Fusion Accounting Hub enabling:
- Generate boardroom ready financial statements
- Analyze variances with exception-based online account monitoring
- Online slice-and-dice account analysis
- Data Relationship Management (DRM) Integration for synchronization with Hyperion DRM
Payments
- Payment Acknowledgement Import containing payment status for bank received payment files enabling:
- Map bank acknowledgment codes with the system defined acknowledgment codes
- Import acknowledgment data
- Import multiple acknowledgments per payment
- Review acknowledgment details including bank reported errors and status.
Receivables
- Review and Manage Accounting Exceptions during Period Close enabling:
- Sweep Invalid Distributions using an accrual
- Supporting document for audit
- Automate Auto Lockbox Processing
- Assign Customers to Unidentified Receipts using API
- Golden Tax Adaptor Enhancement for Mainland China
Tax, Legal and Regulatory Updates
- Belgium: Belgian VAT Annual Return Report Legal Changes 2012
- Brazil: Federal SPED Regulation – Accounting SPED Updates
- Brazil: Fiscal SPED – Electronic Invoice Layout Update (Manual 4.01)
- Brazil: Fiscal SPED – Support for PIS/COFINS (EFD-Digital Fiscal Bookkeeping)
- China: China Accounting Software Data Interface Banking Standard
- India: NSDL eTDS and eTCS Returns
- India: TCS Product Impact Support
- India: Service Tax Reverse Charge Mechanism
- Israel: Combined VAT File (Ichud Oskim)
- Israel: Withholding Tax File – 856 (Legal Changes 2010)
- Portugal: Billing Software Certification
- Russia: Enable Revaluation at Year End
- Spain: VAT Legislation: Modelo 349 ESL/EPL Changes
- United Kingdom: Local Authority Revaluation and Impairment
- United Kingdom: Modulus Check Validations for Bank Accounts
- This is back ported in R12.1.x patch: 16511168:R12.CE.B
- U.S. Federal: New FACTS II Edits·
Public Service Financials International
- Construction Industry Scheme (CIS): Exclusion of Out of Scope Contract Invoices in Monthly Returns Reporting
U.S. Federal Financials
- Common Government-wide Accounting Classification (CGAC) Configuration accommodating:
- CGAC component based Treasury Account Symbol
- TAS, Fund, and General Ledger CGAC related attributes
- 8-character Business Event Type Code (BETC)
- New automated process has been added for establishing new single and multi-year TASs
Environmental Accounting & Reporting
- Updated Carbon Disclosure Project Report
- Enhanced Performance Dashboards
- Enhanced Key Performance Indicators
Property Manager
- Lease and Terms APIs
- Business Event Workflow and Status Update
- Variable Rent and Breakpoint APIs
- Override Variable Rent Calculations Client Extensions
- Index Rent APIs
Financials Common Modules
- Scheduling of AP/AR Netting Batches: Scheduling of the AP/AR Netting program
- New localizations for India:
- Advanced Pricing Support
- Tax Information on Purchase Order Workflow Notification
- Reassessing Service Tax on Receipt of Foreign Payments
- Enhanced Bill of Entry Functionality
- Tax Import to Receivables and Payables
- Re-architecture of TDS Changes and Code Integration Points
- Performance Improvement for Creditors Ledger Reports
Project Billing
- Standard Invoicing for Adjusted Transactions
Project Costing
- Labour Costing Enhancements:
- Costing with HR Rates with Support for Multiple Rates per Employee
- New OTL Timecard Layout to Support Rate by Criteria
- Total Time Reporting for Exempt Employees
- Labor Costing using Payroll Actuals
- Labor Cost Accruals
- Expenditure Batch Reversal Program
- CMRO Integration Enhancements
- Payables Integration Enhancement – Support for Self Assessed Tax
- Enhanced Cost Collection by Cost Code
Project Management
- Planning with HR Rates
- Updated Rates when Generating Forecast from the Workplan
- Planning without Resource Classes
- Planning by Cost Breakdown Structure
Flexfields
- Value Set Security: Flexfield value set security allows system administrators to restrict users from viewing, adding or updating values in specific value sets