Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By : Mohan Iyer
Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By: Mohan Iyer

Overview of this book

<p>Oracle EBS Financials provide organizations with solutions to a wide range of long- and short-term accounting system issues. Oracle E-Business Suite is the most comprehensive suite of integrated, global business applications that provides the most complete, integrated business intelligence portfolio<br /><br />Oracle E-Business Suite: A Functionality Guide – helps in binding the two skill sets together – knowledge of the software and the business knowledge of the user.<br /><br />This guide contains everything you need to know to maximize your implementation payback or return on investment.<br /><br />This book starts with an overview of Oracle E-Business Suite R12 where we cover the foundation features of Oracle Financial Management modules which include Navigation within Oracle E-Business Suite Release 12, Multiple Organization Access Control (MOAC), key aspects of Application Security and much more. The book then covers in detail General Ledger, Sub Ledger Accounting, Assets, Cash Management, Treasury, E-Business Tax, and much more.</p>
Table of Contents (24 chapters)
Oracle E-Business Suite Financials R12: A Functionality Guide
Credits
Foreword
About the Author
Acknowledgement
About the Reviewers
www.PacktPub.com
Preface
Index

Tax content service providers


Oracle E-Business Tax does not come with any tax codes or rates, just like in previous versions.

You must have a connection between a geographic jurisdiction and a tax jurisdiction. This is needed so that the global repository has the capability to work with any specific geographic hierarchy needed for tax calculation in a central place. In previous releases service providers such as Vertex and Taxware provided tax rates and related location based tax information.

Service providers provide these geographic hierarchies for the U.S. and also supply the rates for each of the levels with periodic updates. They also provide tax content for other countries.

Note

You should consider working with a service provider to procure the current geographic hierarchies and rates for each level if you choose to use one of the process flows for tax calculation and regular updates.

This is the easiest way to help jump start your configuration for your E-Business Tax requirements for...