Oracle EBS Learnings

Understanding Oracle E-Business Suite Localizations  Globalization is the process of designing and deploying software that meets the needs of a global enterprise via Internationalizations, Translations and Localizations. While Internationalization and Translations involve national language support and UI translation strategies, Localizations focuses on the business processes to meet the statutory, legal, and cultural practices of a given locality. In Oracle E-Business Suite, this is achieved through national and regional extensions called "country-specific functionalities" or "Localizations". Because localization functionalities are all compatible with each other, installation of all required country-specific functionalities results in a globalized implementation. An example of localization is the adjustment of the standard financials functionality of Oracle E-Business Suite to suit the legal and tax requirements for each country. The lo

1. If we open the first period of the new year, can we still process entries for the prior year(s)? Yes. You can still create entries for any period that has a status of Open or Future Enterable. You can post to any period that has a status of Open. If you post in a prior fiscal year, the balanced will be rolled foward and retained earnings will be updated as needed. 2. I opened the first period of the new year without closing the prior year. Will this cause a problem? No. Closing a period in General Ledger does nothing more than close that period. There is no processing that goes on behind the scenes when you close a period. 3. The first period of my new fiscal year was opened and closed. What are the ramifications to the roll forward process and retained earnings? None. General Ledger will properly maintain the balances for the new year, regardless of how many times the periods are opened or closed. Retained earnings is calculated when the first period of the new year is

India Localization Find the actual link here  http://www.slideshare.net/ravisagaram/india-localization-for-scm?from_search=12 India Localization for SCM - Presentation Transcript 1. India Localizations for SCM Ravi Sagaram, PMP Motorola 2. Agenda o Introduction to India Localization o India Taxes o Localization Setups o Localization in Purchasing o Localization in Order Management o Question and Answers 3. Introduction o India Localization is complying with the India Specific Tax Requirements. o India Localization Patch set has to be applied for India Localization over and above the standard R12 implementation. o India Localization Provides some seeded responsibilities like India Local Purchasing, India Local Inventory, India Local Order Management, India Local Payables, India Local Receivables etc. Also it provides India related menus, functions, reports etc. o Localization provides provision for defining of taxes, defaulting of taxes, recording of taxes,

Procure to Pay – Localization Entries Purchase Value 100 Excise 16+ Cess 2+ S.H. Cess 1                     19 VAT  4 Non-Recoverable Tax Like Freight 10 At the time of Purchae Order No Entry Receipts of Inventory (Only Localization Entry) Receiving Inventory Dr  29.00  VAT Interim Recovery Dr  4.00  To Inventory AP Accrual Cr  33.00 On Generation of AP Invoice Inventory AP Accrual Dr 133 To AP Liability Cr 133 On Claiming Excise (Cenvat Adj) RG23APart II (Cenvat RM) Dr  16.00  RG23APart II (Cess RM) Dr  2.00  RG23APart II (S.H. Cess RM) Dr  1.00  (Account code will be picked from  Organization Additional Information) To Receiving Inventory Cr  19.00 On Claiming VAT VAT Recovered Dr  4.00  To VAT Interim Recovery Cr  4.00 On Delivery (Non Recoverable) Material Dr  10.00  To Receiving Inventory Cr  10.00 Order To Cash – Localization Entries Cost  110.00  Sales Value  130.00  Excise  20.00