Wednesday, September 9, 2015

Oracle Receivable Standard Features Differences between 11i and R12

Standard Features
Revenue Recognition
Only Rule based Revenue Recognition exists in 11i.
In R12 revenue recognition is based on Rules and Events, and they are:
Time-Based Revenue Recognition
o Ratably Over Time
o Upon Expiration of Contingencies
• Event-Based Revenue Recognition
o Payment
o Customer Acceptance
Rule-Based Revenue Recognition
o Payment Term Thresholds
o Refund Policy Thresholds
o Customer Credit worthiness
Daily Revenue Recognition
o Revenue distribution over full as well as partial accounting periods.
o Fulfills stringent accounting standards
o Accuracy to the number of days in the accounting period.
• Enhanced Revenue Contingencies
o Fully Supports US GAAP and IAS
o User definable contingencies
o User definable defaulting rules for contingencies assignment
o Supports parent-child (e.g. Product and Service) relationship
o Integration with Order Management and Service Contracts
o User Interface as well as Programming Interface (API) support
o Access control through seeded Revenue Managers Responsibility
Deferred Revenue Management
In Release 12, revenue contingencies for customer acceptance that are applied to goods sold in Order Management are now applied to services sold to cover those goods. Revenue is deferred for service ordered in both Order Management and Service Contracts. Acceptance contingencies associated with an item instance are automatically applied to service revenue associated with the item instance when it is covered in a Service Contract as a Covered Product.

Global Architecture
Limited integration of E-Business Tax module with Oracle Receivables.
• EBusiness Tax - Oracle E-Business Tax is a new product that uniformly delivers tax services to all Oracle EBusiness Suite business flows. In Release 12, Receivables is enhanced to support
integration with the E-Business Tax product.
• Intercompany - This is enhanced by automatic balancing
Enhanced Customer Screen
We have seen 11i Customer standard forms makes easier by simple navigation. This times there is clearer separation of the party and account layers, which makes a consist ant look and feel. More over full backward compatibility with 11i UI Bill Presentment Architecture has been provided.
The AR Create Customer page in R12 has eliminated the navigation to separate windows. Now, users can specify the following on a single page:
• Customer Information
• Account Details
• Address
• Account Site Details
• Business Purpose
Limited integration with Oracle Payables.
Oracle Receivables is fully integrated with Oracle Payables to deliver a seamless, automated process to generate check and bank account transfer refunds for eligible receipts and credit memos.
Late Charges
Does not exist.
With new changes these are the enhanced functionality:
• Expanded assessment and calculation capabilities
• Tiered charge schedules
• Penalty charge calculation
• Integration with Balance Forward Billing
• Centralized setup and maintenance of late charge policies
• Calculation performed independent of Dunning and Statement processing.
AP AR Netting
Contra Charges functions available in the 11i.
R12 Netting solution replaces 3 solutions(FV,JE,IGI) in 11i.

In R12 the Contra Charge functionality has been optimized and therefore changed into the AP/AR Netting functionality. In the Payables module as well as the Receivables module, there is a Netting submenu.

    Payables: Payments -> Entry -> Netting
    Receivables: Receipts -> Netting

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