Monday Jul 30, 2012

IASB and FASB Agree on Lease Accounting Approach

Almost a year after their decision to re-expose proposals for a common leasing standard, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have reached a key decision regarding the recognition of lease expenses. At their June 13, 2012 meeting, the IASB and FASB agreed that leases over 12 months should be recognized on the balance sheet, while leases with terms under 12 months should be treated similar to current operating leases.

With that major decision in place, the timeline for issuance of the final standard seems to be a bit more stabilized. The IASB and FASB expect to publish the second exposure draft in the fourth quarter of this year, and issue the final lease accounting guidance late in 2013. It is anticipated that the new lease accounting standard will be effective in 2017, with retroactive reporting beginning in 2015.

Oracle remains committed to helping customers transition to the new lease accounting standard. The Applications Unlimited teams continue to work closely together to monitor the convergence project and analyze the impact to our products so that we can design and build consistent solutions.

We anticipate that the new lease accounting rules will introduce functional overlap between the two products primarily impacted by the lease convergence – PeopleSoft Asset Management and Real Estate Management, both part of the PeopleSoft Asset Lifecycle Management (ALM) suite of products. PeopleSoft plans to evaluate the lease administration features and functions of each product to deliver a foundational framework for the new capabilities the final accounting standard will require.

We invite customers to participate in providing feedback on our design enhancements for lease accounting. If you are interested, please send an email to howard.shaw@oracle.com or loida.mcdearis@oracle.com. For more information on the June 2012 IASB and FASB meeting, see the press release here.

Monday Jul 23, 2012

PeopleSoft HCM at OHUG 2012

We returned for the Oracle HCM User Group (“OHUG”) conference in Las Vegas a couple of weeks ago with our adrenalin pumping.  



Informative sessions, Meet the Experts and the outstanding networking events; the OHUG Conference had over 1300 attendees representing 26 countries.

As you can imagine, there were high expectations for the PeopleSoft HCM team to top last year’s PeopleSoft HCM Keynote. Attendees sitting at the edge of their seats in anticipation of the start of the Keynote….


We did not disappoint.

The Rock of Ages was most fitting for the historical view of PeopleSoft through the years and highlighting the latest innovation. Those features included Company Directory, Matrix Administration, Manager Dashboard, Talent Summary and Total Rewards Statement in addition to showcasing the planned features including Life Events, Paycheck modeling and the new Applicant process.



Leveraging the latest technology, PeopleSoft HCM is streamlining the user experience and continuing to enhance overall usability. Some of the latest technology highlights include Pivot Grids, Secured Enterprise Search and Workcenters.



The Thursday Keynote with Jenna Hager and Barbara Bush was inspiring and their accomplishments admirable. 



Not only did they educate us on their outstanding work in promoting education and healthcare worldwide, but we also learned about the value of volunteering especially with this generation. I know I left their session thinking about what I can do.

Special thanks to the OHUG team for an outstanding conference this year!!

This will be tough to top but our PeopleSoft HCM team is hard at work preparing for Oracle Open World in San Francisco. 


We have great new features and technology to share including a sneak peak to PeopleSoft HCM 9.2 and PeopleTools 8.53. We look forward to seeing you there!

Wednesday Jul 18, 2012

Korean is now available for PeopleSoft ELM 9.1

We are happy to annouce that the PeopleSoft Enterprise Learning Management 9.1 Multi-Language Revision 3 release became available on the Oracle Software Delivery Cloud (OSDC) and for physical shipment as of Friday, July 13, 2012.

This revision is based on the previous release - PeopleSoft Enterprise Learning Management 9.1 Revision 2, which included all of the enhancements through bundle #8. However, the Multi-Language Revision 3 release also includes content translated into Korean.

An updated HW-SW Guide is available here and an updated Installation guide is available here on MyOracleSupport (MOS) and both documents are also available on the Oracle Software Delivery Cloud.

Wednesday Jul 11, 2012

PeopleSoft HCM and FSCM 9.2 Release Value Propositions

PeopleSoft Human Capital Management (HCM) and Financials and Supply Chain Management (FSCM) are world-class solutions for organizations of every size, region, and industry. Oracle’s planned product roadmap for PeopleSoft applications is to deliver valuable, needed features for all of an organization’s constituents along three design principles — Simplicity, Productivity, and Lowered Total Cost of Ownership — as well as new application functionality as prioritized by our customers.

The upcoming 9.2 releases of PeopleSoft Human Capital Management, Enterprise Learning Management, Asset Lifecycle Management, Enterprise Service Automation, Financial Management Solution, Supply Chain Management, and Supplier Relationship Management focus on these themes of Simplicity, Productivity, and Lower Total Cost of Ownership while also delivering robust new functionality to help your organization succeed.

The recently published PeopleSoft HCM and ELM 9.2 Release Value Proposition and PeopleSoft ALM, ESA, FMS, SCM, and SRM 9.2 Release Value Proposition provide overviews of the new features and enhancements planned for these applications for Release 9.2. These documents offer customers a road map intended to help them assess the business benefits of upgrading to the 9.2 release while also helping them plan their IT projects and investments. (Links are to My Oracle Support pages, available to customers and partners.)

Oracle continues to deliver enterprise-wide features that enhance our customer ownership experience and helps them run their businesses more efficiently and profitably. With the HCM and FSCM 9.2 releases, we continue to abide by this firm commitment we’ve made to our customers.

About

This blog is dedicated to topics focused on PeopleSoft Applications, including Human Capital Management, Financials, Enterprise Service Automation, Asset Lifecycle Management, Procurement, Supply Chain and Customer Relationship Management.

For information about legislative updates to our PeopleSoft Applications see the PeopleSoft Legislative Updates Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

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