Friday Mar 28, 2014

Australia: Workplace Gender Equality Reporting

From the 2013-14 reporting period, the requirements of the 'Workplace Gender Equality Act 2012' (Act) will be fully operational. Employers will be required to complete and submit online:

  • A workplace profile showing the composition of their workforce by gender; employment status; standardized occupational categories for managers and non–managers; for managers, their reporting level to the CEO; and remuneration data for managers and non-managers
  • The reporting questionnaire covering standardized reporting matters under the six gender equality indicator

Reporting period

The reporting period is the 12 month period from 1 April to 31 March annually and reports are due between 1 April and 31 May.

Who needs to report?

All non-public sector employers with 100 or more employees (relevant employers) are required to report to the Workplace Gender Equality Agency (WGEA) annually.
If a relevant employer’s number of employees falls below 100, it must continue to report until its number of employees’ falls below 80.

For more information on reporting requirements and how to submit online please refer to the following website;

  • www.wgea.gov.au

Oracle has released the following patch, which includes functionality for meeting the Workplace Gender Reporting requirement for Australia:

A whitepaper has also been released and is available on My Oracle Support outlining the setup and use of this feature.

Using Additional Currencies for Reporting Purposes in General Ledger

The need to report in additional currencies may occur at any time to satisfy legal, statutory or management supplementary reporting requirements. This is also a good option to be considered if you operate in countries with highly inflationary economies.

In General Ledger this can be accomplished using

  • Reporting Currencies - where the need is to simply maintain transactions in multiple currencies
  • Secondary Ledgers - where the main purpose is to represent transactions in a different accounting method, calendar, currency, chart of accounts

You may configure any of these setup alternatives to comply with your Generally Accepted Accounting Principles circumstances.

Add Secondary Ledger, Why The Primary Ledger is in Use?

qm1

But what if the business requirement comes after your Primary Ledger is already in use?

What would be the impact of such setup changes?

Would this change be permitted? 

The answer is Yes!

We Can accommodate such a change, find out How in

Impact of Newly Added Alternate Ledger Currency(ALC)/Secondary Ledger in Release12 (Doc ID 1479782.1)

This document provides a complete impact analysis for new installs or upgraded instances regarding

  • Business flows
  • Accounting and Reversals
  • Validations
  • Non-upgraded data options

We made it EASY to get meaningful balances in Any Currency, Anytime!


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