This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Module | Feature | Notes |
|---|---|---|---|
| 01 SEP 2023 | Created initial document. |
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The information contained in this document may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle.
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Optional Uptake of New Features (Opt In)
Oracle Cloud Applications delivers new updates every quarter. This means every three months you'll receive new functionality to help you efficiently and effectively manage your business. Some features are delivered Enabled meaning they are immediately available to end users. Other features are delivered Disabled meaning you have to take action to make available. Features delivered Disabled can be activated for end users by stepping through the following instructions using the following privileges:
- Review Applications Offering (ASM_REVIEW_APPLICATIONS_OFFERINGS_PRIV)
- Configure Oracle Fusion Applications Offering (ASM_CONFIGURE_OFFERING_PRIV)
Here’s how you opt in to new features:
- Click Navigator > My Enterprise > New Features.
- On the Features Overview page, select your offering to review new features specific to it. Or, you can leave the default selection All Enabled Offerings to review new features for all offerings.
- On the New Features tab, review the new features and check the opt-in status of the feature in the Enabled column. If a feature has already been enabled, you will see a check mark. Otherwise, you will see an icon to enable the feature.
- Click the icon in the Enabled column and complete the steps to enable the feature.
In some cases, you might want to opt in to a feature that's not listed in the New Features work area. Here's how to opt in:
- Click Navigator > My Enterprise > Offerings.
- On the Offerings page, select your offering, and then click Opt In Features.
- On the Opt In page, click the Edit Features (pencil) icon for the offering, or for the functional area that includes your feature.
- On the Edit Features page, complete the steps to enable the feature.
For more information and detailed instructions on opting in to new features for your offering, see Configure Offerings.
Opt In Expiration
Occasionally, features delivered Disabled via Opt In may be enabled automatically in a future update. This is known as an Opt In Expiration. If your cloud service has any Opt In Expirations you will see a related tab in this document. Click on that tab to see when the feature was originally delivered Disabled, and when the Opt In will expire, potentially automatically enabling the feature. You can also click here to see features with Opt In Expirations across all Oracle Cloud Applications.
Column Definitions:
Report = New or modified, Oracle-delivered, ready to run reports.
UI or Process-Based: Small Scale = These UI or process-based features are typically comprised of minor field, validation, or program changes. Therefore, the potential impact to users is minimal.
UI or Process-Based: Larger Scale* = These UI or process-based features have more complex designs. Therefore, the potential impact to users is higher.
Features Delivered Disabled = Action is needed BEFORE these features can be used by END USERS. These features are delivered disabled and you choose if and when to enable them. For example, a) new or expanded BI subject areas need to first be incorporated into reports, b) Integration is required to utilize new web services, or c) features must be assigned to user roles before they can be accessed.
| Ready for Use by End Users Reports plus Small Scale UI or Process-Based new features will have minimal user impact after an update. Therefore, customer acceptance testing should focus on the Larger Scale UI or Process-Based* new features. |
Customer Must Take Action before Use by End Users Not disruptive as action is required to make these features ready to use. As you selectively choose to leverage, you set your test and roll out timing. |
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|---|---|---|---|---|---|---|
| Feature |
Report |
UI or |
UI or |
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Accrual Reversal Automation for Accounting Hub Manual Subledger Journals |
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Accrual Reversal Automation for Accounting Hub Manual Subledger Journals
Automatically generate accrual reversals at the time of journal creation for accounting hub manual subledger journals by providing the reversal criteria in the Create Subledger Journal Entry page or the Create Subledger Journal ADFdi spreadsheet interface. The Create Accrual Reversal Program then selects any Incomplete accrual reversals and updates them to Final status after the period has been opened, and optionally transfers and posts them in general ledger based on the program submission options selected by user.
The Create Subledger Journal page and the Create Subledger Journals in Spreadsheet ADFdi interface have been updated to include an additional field called "Reverse Accrual On" for journal sources pertaining to accounting hub subledger application. This field presents a list of values which help to determine the accounting date and accounting period for creating the accrual reversal journal. The supported values include - Next Day, First Day of Next Accounting Period, and Last Day of Next Accounting Period. By default the Reverse Accrual On field doesn't have any value, no accrual reversal journal is created in this scenario.
When you save the accrual journal entry in Final status, the accrual reversal journal entry will be created in Final status as well if the reversal accounting period is in Open or Future-enterable status. However, if the reversal accounting period is in Never Opened status, the accrual reversal journal entry will be created in Incomplete status. You can submit the Create Accrual Reversal Accounting process later after the reversal accounting period has been opened to update eligible accrual reversal journals (created for manual accounting hub journals) to Final status, if there are no other accounting errors.
Once the journal entry has been successfully reversed, you will see the Reversal Status displayed as "Reversed" in the journal header region.
Introducing a new tab called "Reversal" in the View Journal Entry page. This tab allows you to review the reversal information associated with a manual accounting hub journal. It displays essential details such as the Reversal Accounting Date, Reversal Accounting Period, and Reversal Type, indicating whether the journal entry was manually reversed or an accrual reversal was generated. Furthermore, a hyperlink is provided for you to drill down to the reversal journal entry.
Business benefits include :
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Accrual reversal for accounting hub adjustment journals is now automatically created based on the specified criteria, reducing any inefficiencies in the process due to manual entry.
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The Reversal tab and drill-down feature allows for simplified tracking of reversal journal entries related to accounting hub adjustments.
Steps to Enable
You don't need to do anything to enable this feature.
Tips And Considerations
Tips :
- The journal description for all accrual reversal journals generated for accounting hub adjustment journals is prefixed with "Accrual reversal". Use this journal description prefix to query accrual reversals specifically for an accounting period.
- The Reversal tab in the View Journal Entry page can be used to review or drill down to journals which were reversed manually as well as through accrual reversal.
Considerations :
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Automatic reversals should not be enabled in General Ledger for the journal source and category if accrual reversal is used in subledger.