eprentise COLLABORATE 2018 Presentation Schedule
To book an appointment at the eprentise booth – #1326– please click here to visit our online scheduler.
Sunday, April 22, 2018
12:30 p.m. | Room: Breakers J
Session # 10042: The Power of Ledger Sets and Secondary Ledgers in Oracle E-Business Suite R12
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
Recent, unparalleled, changes in financial reporting requirements from the SEC, GAAP, and IFRS have transformed the way companies comply with regulatory requirements. Core financial reporting for Mergers and Acquisitions, financial instruments, pensions, and other key accounting transactions and balance types, have been relegated to manual spreadsheet reconciliations, transformations, and consolidations. The good news is that all this is no longer necessary with the introduction of Secondary Ledgers in R12.
1:45 p.m. | Room: Breakers I
Session #10043: Optimizing Cross-validation Rules in General Ledger
Presented by Harrison Figura, Delivery QA Manager, eprentise
Cross-validation rules (CVRs) determine which segment values in your chart of accounts (or other key flexfields) can be used together. A CVR controls the valid values that may be used in conjunction with other values. In this session, learn how to set up CVRs, understand the criteria for designing a chart of accounts that minimizes the number and complexity of your CVRs, and examine the top seven things to remember when designing cross-validation rules.
Tuesday, April 24, 2018
11:00 a.m. | Room: Shell Seekers B
Session #10620: Donuts to Dollars: Best Practices During a Functional Currency Change
Presented by Brian Lewis, Vice President of Finance and Corporate Controller, eprentise
When going to a true functional currency, countries are eliminating the financial statement misstatement between Cumulative Translation Adjustment and foreign exchange gains and losses. The resulting accounting implications result in a flurry of activities. For entities with Oracle® E-Business Suite, one of the most important changes to be tackled is affecting the functional currency change within all ledgers – ledgers should be set up for each local currency. We will analyze setups and illustrate best practices.
Wednesday, April 25, 2018
11:00 a.m. | Room: Breakers I
Session #10406: The Right Currency Gives Better Visibility and Control for Financials
Presented by Umesh Dhupar, Financial Systems, BioMarin Pharmaceutical Inc.
BioMarin, a multi-national pharmaceutical company, was restating their financials from one currency to another monthly, which could have potentially caused inaccuracies in the balances of non-monetary accounts due to currency fluctuations. This was corrected by creating manual journal entries, resulting in inconsistencies in the subledgers, especially in inventory and WIP modules where secondary ledgers are less effective. Discover the solution BioMarin used to operate more efficiently, forgo currency translation, and improve accuracy. The session will examine options, effort and costs, while exploring the benefits of the solution.
