R12: Long Term Liability accounting treatment

Dear all,
I would like to know how Long term liabilities (Loans, lease etc) are treated in Oracle.
How is the payments + inerest of the lease treated in Payables?
Can anyone explain the flow how to treate this from Fixed Asset(FA) --> Payables --> General Ledger --> Cash Management?
Thanks a lot
Vik

in Oracle FA --> Setup --> Leases

Similar Messages

Short term portion of a long term loan to be posted to different G/L

Hello,
You have entered a 10 year loan with yearly installments as an interest rate instrument (so NOT via loans module ! )
Long term loans are posted initially to G/L 174000000
However, during the lifetime of the loan, the portion that becomes due in less than one year should be reclassified to another G/L account, e.g. G/L 42400000.
How can such "reclassifiation" posting be customized and executed by a standard SAP transaction?
Thx,
Carl

Hi Prasad,
Referring to your message if it is not possible in Money Market, is it possible in Loans Management. The requirement is exactly same. Here the requirement is mainly to meet the reporting requirements.
Out of the total long term loan, the portion which is filling due within a period of one year need to be identified as current liability which is payable within one year and it is not about reclassification or something of that nature. This is the reason I was trying to ask you the postings, how it can happen?
The initial posting has gone to Long term liability GL account based on the account determination. Out of the total loan borrowed, the portion of installments which are becoming due within one year need to be shown as current liabililty/current maturity. Can you please post if this can be handled with standard functionality.
thanks in advance for the update.
Kumar

[TRM-TM] Transfer from Long-term liab. to Short-term liab.

When I create a long-term loan using the transaction manager, it will be posted to the long-term liab. account, but after the remaining period of a loan become shorter than 1 year, I need to transfer it from the long-term liab. account to short-term liab.
I want to know if there is standard system function can fulfill this requirement, or someone could suggest me a solution.

Hi,
Yes you can do this. You can use capital reposting - grouping/splitting of loans function for acheiving this.
You can group this loan and transfer the remaining capital of this loan to another loan. It is generally used for takeover of loan by a different partner, but in your case specify the same partner.
The Group Contract function allows you to create one contract from several contracts for accounting purposes or to transfer parts of several contracts to another contract. The outstanding capital (remaining debt) of one or more contracts is transferred either fully or in part to another contract. This is necessary, for example, when a different borrower takes on the remaining debt of a loan.
Check this link for more info:
http://help.sap.com/saphelp_erp60_sp/helpdata/EN/f2/99483f18e7e07fe10000000a114084/frameset.htm
Regards,
Ravi

I'm an American living on a timed (though long-term) assignment in Ireland. I have both American and Irish bank accounts and addresses. I have two Qs. 1. Can I use the US Adobe site when in Ireland? Or will my physical location prevent me from doing so? 2

I'm an American living on a timed (though long-term) assignment in Ireland. I have both American and Irish bank accounts and addresses. I have two Qs. 1. Can I use the US Adobe site when in Ireland? Or will my physical location prevent me from doing so? 2. I am working for a not-for-profit organization. Is there a special pricing plan for non-profits, similar to the plans for students, small business, etc? Thanks for whatever help you can give me. (P.S. As a potential customer and past user of Adobe products for 15 years, I find it INCREDIBLY FRUSTRATING that I cannot speak with any Adobe representative, but am continually re-routed instead to a public forum to get what I hope will be accurate information. Not good, Adobe. Your products are amazing. Your customer service leaves a lot to be desired. I don't mean that with disrespect, but as honest feedback.)

Hi bookchic
Thanks for your feedback.
Non-profit pricing is available to eligible institutions via the VIP program which is sold by resellers - see Eligibility guide
For details of resellers please check here: Adobe Platinum Partners – Value Incentive Plan
If you wish to purchase an individual plan via Adobe.com the country of your Adobe ID will determine which site you order from.
Kind regards
Bev

Creation of New Special GL Indicator for customer long term accounts

Hi Experts,
We have a GL account (GL111) created for Long term accounts. this is a reconciliation account for customer. However, we have another GL account (GL222) assigned to our customer group this account is being invoiced for some expenses. Because of this we cannot assing GL111 to customer master data.
We need to post in the same customer expense and loans. How can we create a new special gl indicator that will allow the posting from GL222 to GL111?
Any inputs are very much appreciated. Thank you very much.

Hi,
Creating Own Special G/L Transactions: Specify (OBYR-T.CODE)
- The account type for which the special G/L indicator is to apply
- Posting keys (for outgoing and incoming debit and credit postings)
- How it is posted
- Properties for each special G/L indicator (noted item, relevance for the credit limit check, Warning message for liabilities and target special G/L indicator)
- transaction type (bill of exchange, down payment etc.).
EXP:Go to T.code: OBYR path: Financial Accounting (New)>Accounts Receivable and Accounts Payable>Business Transactions>Down Payment Made>Define Alternative Reconciliation Account for Down Payments click on Define Alternative Reconciliation Account for Down Payments and click on double click on K F Pmt req Down Payment Requests and click on Properties (F8) and tick the Noted items ,Target sp.G/L ind. AIMB1 and save .
Regards
Sridhar
Edited by: sridhar.shetty on Feb 28, 2012 1:21 PM

Where to get Liability-Account for AP_INVOICE_DISTRIBUTIONS in R12

I am working on a "AP Report" and I have to display the Expense and Liaiblity accounts for each Invoice_Distribution.
In R11i, this was available from ACCTS_PAY_CODE_COMBINATION_ID from ap_invoice_distributions_all table. However, in R12.1.3 this column is Null and oracle TRM states that this column is "not in use".
Where can i get the Liability-Account in R12 ... If someone has a Query to extract the Liability-account for each Distribution, it would make my life much easier.

Please see:
Identifying Data Model Changes Between EBS 12.1.3 and Prior EBS Releases
https://blogs.oracle.com/stevenChan/entry/ebs_data_model_1213
EBS Data Model Comparison Report Overview [ID 1290886.1]
EBS Seed Data Comparison Reports Now Available
https://blogs.oracle.com/stevenChan/entry/ebs_seed_data_comparison_reports
Thanks,
Hussein

Accounting for long term contracts

I'm looking for a way to manage amortization of long term contracts with customers.
example: build a plant for a customer in return for chemical contract with us for the next five years.
currently we are handling this in the GL. i.e. plant is built cost of plant moved to balance sheet account and amortization completed .10 per pound of chemical bought by customer.
As you can imagine this can get messy and really doesn't tell us if the amortization on our costs is being accreted properly. i.e. not buying enough chemical or buying more chemical than expected.
we are currently in 4.7
any thoughts or help would be greatly appreciated.
Carrol

Hi Pramod
Pls send me the same too at [email protected] & [email protected]
thanks
Thanks
Parag.

Liability account in release r12

hi,
Can some one tell me where is the liability account defined at supplier main level?
i can find the liability account in supplier site level but not in supplier main level
Regards
sudharshan

Hi Sudharshan,
Im not sure what you are exactly trying to point out, but in Payables Options / Accounting Financial Options you can find the default liability account which is defaulted to all suppliers..
This is from AP-Implementation GUide:
Accounting Financials Options
Liability. Payables assigns this account as the default Liability Account for all new
suppliers you enter. You can override this value during supplier entry. If you use
Accrual Basis accounting, then the Liability Account for an invoice determines the
liability account(s) charged when you create accounting entries for invoices.
Alexey

AP Liability Account in R12

Hi,
I'm customizing AP Trial Balance report, i need to add a field (Liability Account). Could you tell from which table has this information.
Thanks
pravin

Hi,
Use the below Query to get the
Liability_Account
select concatenated_segments Liability_Account
from gl_code_combinations_kfv
where gl_account_type = 'L'
and enabled_flag = 'Y'
and code_combination_id = your code combination id or you need to derive it from suppliers or supplier sites, in that this column corresponds to ACCTS_PAY_CODE_COMBINATION_ID
When you are deriving from supplier sites use org_id, Since sites are org specific.
This may solve your requirement
Regards,
Giri

I am a very long term customer how is now very disappointed with Verizon!

I am writing in to give one final try at gaining a positive response from Verizon. I called in to talk to Customer Service today with a request and was really disappointed at getting a NO for a response. I have a family plan with 4 phones of varying contract/upgrade dates. Mine…6/10/15. Wife’s…5/29/14. Mom’s…6/20/13. Son…4/11/16. Two of the phones are past their date and thus we can upgrade without additional fees. I will be disconnecting my mom’s phone as she hasn’t used it since 8/6 and won’t be using it as she is moving into a Memory Care facility for Alzhiemers. Thus my request was whether there was a way to upgrade my phone and my wifes phone to the iPhone 6 without having to pay an added fee for upgrading mine early. I asked that they take into account that my mom’s is 16 months past her upgrade date, I am 9 months from mine and we are very very long term customers. Verizon has been our cell phone company ever since we bought cell phones a long time ago. I was told NO. I then told the service rep that if I have to wait until 6/10/15, I have no real reason to stay with Verizon as saying no to this request just makes no sense when it is being ask by a customer of such long standing. I was told NO again. Even though I am clearly not a customer that hops from one cell phone service provider to another...Verizon told me NO. Even if it costs a bit more to switch to AT & T (which it may or may not...I don't know)…on 6/11/15 my wife and I will be leaving Verizon and my son can have an individual account.

You sign a contract promising to a 2 yr service commitment in exchange for a substantial discount on a phone. You are 9 months from completing your commitment. There is no reason for Verizon to grant your request. In fact, they may be contractually obligated to NOT do so depending on their terms for selling the iPhone negotiated with Apple.
In the past, Verizon has been lenient(by a month or 2 but never 9 months) with approving an early upgrade, but NEVER with an iPhone. The reason for this has been hinted at being because of the contract terms Verizon has with Apple. Verizon is not going to jeopardize their ability to have iPhones on their network to satisfy your demand.
Currently, there is a limited time offer to upgrade early with Verizon if you are eligible to get a discounted upgrade by 11/15/2014. Unfortunately you fall outside of that window.
Good luck with the new provider, you will be unlikely to ever get an early upgrade at another provider either.

Excluding storage location from MRP run in Long Term Planning

Hi,friends,
In my scenario , i want to exclude storage location from MRP run in long term planning.When i set storage location MRP indicator "2" in SPRO and SLoc MRP indicator "1" MRP4 in material master, i can exclude the storage location after run MRP with MD01/MD02,and i can see the expected result in MD04.But in Long Term Planning scenario the storage location can not be excluded after run MRP with MS01/MS02,and the requirements list in MS04 include the stock in the storage location i want to exclude. i dont know if i miss something.Plz give me some advice.
Regards
Joey

Hi,
Refer the OSS Note 208017 - LTP: Long-term planning and storage locations
==========================================================================
Symptom
In long-term planning (Transactions MSBT / MS01 / MS02 / MS03), the MRP indicator of a storage location for a material is not taken into account (material master, view MRP 2 [up to and including Release 3.1I] or MRP 4 [as of Release 4.0A]).
The storage locations excluded by MRP or planned separately are also planned in the plant segment.
Additional key words
LTP, MM01, MM02, MM03, master data, MRP indicator, LGORT ...
Cause and prerequisites
The MRP indicator for a certain storage location of a material is only taken into account in operative planning (requirements planning, MRP).
The long-term planning occurs exclusively at plant level.
Solution
This is no error. The system works as intended.
The individual storage locations should not be distinguished in the long-term planning, in order to perform a comprehensive long-term planning.
This is important, for example, within the kanban processing where the storage locations with kanban MRP are excluded from the MRP, but in spite of that should be included in the long-term planning.
==========================================================================
Regards,
Siva

Generating Supplier Liability Account based on the Supplier Classification

Hi ,
In R12 I have a custom requirement like follows. Need to generate the Supplier Liability Account based on the Supplier Classification. When we select supplier type then by default liabilty account value will be the value from supplier--> setup --> options --> fianancial otpions --> accounting tab (GL -accounts liability value).
so when we change the supplier type the liability account should changed based on that classification value.
I have code in 11i where custom.pll was modified to acheive this, but how to implement this in R12 as supplier form is OAF based.
the code from custom.pll for this is
procedure event(event_name varchar2)
is
lCurrBlock varchar2(30);
lVendorType varchar2(30);
lDefaultCCID number(15);
lCustomCCID number(15);
cursor customCC(x_vendor_type varchar2,x_default_cc_id number) is
               select
               cst.code_combination_id
               from
               fnd_lookup_values vty,
               gl_code_combinations dfl,
               gl_code_combinations cst
               where 1=1
               and vty.view_application_id = 201
               and vty.lookup_type = 'VENDOR TYPE'
               and vty.language = 'US'
               and vty.lookup_code = x_vendor_type
               and dfl.code_combination_id = x_default_cc_id
               and dfl.segment1 = cst.segment1
               and vty.tag = cst.segment2 --account no
               and dfl.segment3 = cst.segment3
               and dfl.segment4 = cst.segment4
               and dfl.segment5 = cst.segment5
               and (dfl.segment6 = cst.segment6 or (dfl.segment6 is null and cst.segment6 is null))
               and (dfl.segment7 = cst.segment7 or (dfl.segment7 is null and cst.segment7 is null))
               and (dfl.segment8 = cst.segment8 or (dfl.segment8 is null and cst.segment8 is null))
               and (dfl.segment9 = cst.segment9 or (dfl.segment9 is null and cst.segment9 is null))
               and (dfl.segment10 = cst.segment10 or (dfl.segment10 is null and cst.segment10 is null))
               and (dfl.segment11 = cst.segment11 or (dfl.segment11 is null and cst.segment11 is null))
               and (dfl.segment12 = cst.segment12 or (dfl.segment12 is null and cst.segment12 is null))
               and (dfl.segment13 = cst.segment13 or (dfl.segment13 is null and cst.segment13 is null))
               and (dfl.segment14 = cst.segment14 or (dfl.segment14 is null and cst.segment14 is null))
               and (dfl.segment15 = cst.segment15 or (dfl.segment15 is null and cst.segment15 is null))
               and (dfl.segment16 = cst.segment16 or (dfl.segment16 is null and cst.segment16 is null))
               and (dfl.segment17 = cst.segment17 or (dfl.segment17 is null and cst.segment17 is null))
               and (dfl.segment18 = cst.segment18 or (dfl.segment18 is null and cst.segment18 is null))
               and (dfl.segment19 = cst.segment19 or (dfl.segment19 is null and cst.segment19 is null))
               and (dfl.segment20 = cst.segment20 or (dfl.segment20 is null and cst.segment20 is null))
               and (dfl.segment21 = cst.segment21 or (dfl.segment21 is null and cst.segment21 is null))
               and (dfl.segment22 = cst.segment22 or (dfl.segment22 is null and cst.segment22 is null))
               and (dfl.segment23 = cst.segment23 or (dfl.segment23 is null and cst.segment23 is null))
               and (dfl.segment24 = cst.segment24 or (dfl.segment24 is null and cst.segment24 is null))
               and (dfl.segment25 = cst.segment25 or (dfl.segment25 is null and cst.segment25 is null))
               and (dfl.segment26 = cst.segment26 or (dfl.segment26 is null and cst.segment26 is null))
               and (dfl.segment27 = cst.segment27 or (dfl.segment27 is null and cst.segment27 is null))
               and (dfl.segment28 = cst.segment28 or (dfl.segment28 is null and cst.segment28 is null))
               and (dfl.segment29 = cst.segment29 or (dfl.segment29 is null and cst.segment29 is null))
               and (dfl.segment30 = cst.segment30 or (dfl.segment30 is null and cst.segment30 is null));
begin
     if name_in('SYSTEM.CURRENT_FORM') != 'APXVDMVD' then
          return;
     end if;
     lCurrBlock := name_in('SYSTEM.CURSOR_BLOCK');
     if event_name = 'WHEN-NEW-FORM-INSTANCE' then
     --     app_item_property.set_property('VNDR.VENDOR_TYPE_DISP_MIR',required,property_true);
          copy(name_in('WORLD.ACCTS_PAY_CODE_COMBINATION_ID'),'GLOBAL.XX_APXVDMVD_ACCTS_PAY_CC_ID');
     elsif lCurrBlock = 'VNDR' and event_name in ('WHEN-VALIDATE-RECORD','WHEN-NEW-RECORD-INSTANCE') then
     open customCC(name_in('VNDR.VENDOR_TYPE_LOOKUP_CODE'),name_in('GLOBAL.XX_APXVDMVD_ACCTS_PAY_CC_ID'));
     fetch customCC into lCustomCCID;
     close customCC;
     if lCustomCCID is null then
          copy(name_in('GLOBAL.XX_APXVDMVD_ACCTS_PAY_CC_ID'),'WORLD.ACCTS_PAY_CODE_COMBINATION_ID');
     else
     copy(lCustomCCID,'WORLD.ACCTS_PAY_CODE_COMBINATION_ID');
     end if;
     end if;
end;
end;
please help

Hi,
While you can refer to the SLA guide, for quick pointers what you need to do is:
1. Identify the transaction types and associated events for that transaction.
2. Build an accounting rule for the above.
An example would be AP invoice validation or application of prepayments.
The SLA guide provides step by step details on the above.
Good Luck !!!
Regards,
Udit

Liability account column/table

Hello all,
We are running Oracle EBS R12. I am trying to determine, when a supplier is created and a liability account is assigned, where in the DB is it stored? I know it is probably linked to the GL_CODE_COMBINATIONS table, but can run a query, by say, vendor_id and get the liability account that's assigned to that vendor?
Thanks in advance,
Astrid

Morning 178Ponies,
Thank you for your reply. For some reason, that column (ACCTS_PAY_CODE_COMBINATION_ID) is empty for all of the AP_SUPPLIERS records in our DB :(
Anyhow, I found a workaround to make my query work.
Thank you anyway!
Astrid

Are there any long-term consequences for carrying a balance?

I have some upcoming dental work ($7k) and was planning to pay in interest-free installments to the office. However, I was just approved (hooray) for a Quicksilver card with 0% APR until March. I am considering putting the work on this card, because I would earn 1.5% ($105) and get 10% discount from the dentist for paying in full ($700!). It is not a problem to pay this off before March. I have no immediate credit needs so I can take the score hit for a few months on the higher util. Are there any long-term negatives to carrying a balance? Will Cap1 hold it against me in the future? I know they like to see you charge up the card and pay it off in full, not sure if this plan will bite me. (I would pay well above minimum each month.) Thanks for any advice.

While % util will go up, scoring of % util has no memory, and thus once paid off, it will not have contnued impact. A possible concern of a credtior is when a consumer maintains a high balance for a prolonged period, which can be viewed as an indication that the consumer is over-relying on credit, and thus might be a higher risk.Based on that, it could trigger a decrease in credit limit, thus resutling in little or no decrease in % util even though the account balance is being reduced. I would try to keep it below approx 80% of overall credit limit, and if above that number, get it down within a couple of months.

Verizon's Long Term Plan

I am writing to try and save Verizon from themselves. I have had a Verizon Wireless Account for almost as many years as there has been a Verizon Wireless. I used to have four lines but a couple years ago my son decided he wanted an iPhone and at that time Verizon did not have a phone that could compete. I tried to persuade him to stay with Verizon on our Family Plan but he was determined to have the iPhone so he is now and AT&T customer. Even though I was paying for his phone service he was willing to take on the expense of his own account to have the iPhone. Now my daughter wants an iPhone but I was able to convince her that the Android HTC Incredible would be almost as good as the iPhone with better coverage and she could stay on my plan. She agreed to stay with Verizon and was willing to wait for the back ordered Incredible. When I tried to order the phone and upgrade my service I was told I would have to pay retail for the phone ($500.00!) which is not an option for me. I am not due for any "Upgrade" pricing but since I would be changing my plan and, of course, agreeing to a 2 year committment, I assumed that I would at least get a discount on the price of the phone.I was told this would not be the case.
So Verizon is losing my daughter as a customer. I will have to take a hit on my account because my contract goes through 6/02/11. But Verizon will take a bigger hit because my daughter is 27 years old and would have probably continued to be a Verizon customer for the foreseeable future. I am 60 so my foreseeable future is not nearly as long. And I am not sure if I want to stay with Verizon either. I have a land line (unlike my daughter and son) and I do use my cellphone for making calls (which my kids do not do so much) but even though I enjoy the better signal coverage of Verizon I don't enjoy being taken advantage of. I have been a loyal customer but I would like to think that my loyalty was appreciated by Verizon.
Most importantly, I think the short term profit that Verizon may be making on this decision will be far outweighed by the long term losses on the many young customers who are leaving Verizon. I have tried to keep two customers for Verizon but apparently Verizon does not want or need them. I believe that Verizon will someday regret this policy.

I asked to be allowed to do this and I was told I could not. This would have been an acceptable but it was not an option. By the way, the last phone I got from Verizon Wireless (Samsung Convoy) I paid full price on because I was not due for a new phone then either. I bought it to replace an LG phone that had difficult to use voice dialing. The Samsung Convoy was not functioning properly and even though I had paid full price and the defects were apparent soon after I bought it, I had to accept a "refurbished" phone as a replacement. In fact I now am aware that if you buy any Verizon cellphone and it is defective you will recieve a refurb when you get any exchange at all. (And they are pretty sneaky about this process, I might add.)
I'm pretty sure Verizon is doing ok on recouping on their hardware.
Anyway, the point is that I think it is short-sighted for Verizon to be churlish about selling smartphones to previously non-smartphone customers. Just bad business.

R12: Long Term Liability accounting treatment

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