Oracle announced today the general availability of Oracle E-Business Suite 12.1. Since the the press release link on www.oracle.com is not yet working, I copied the press release in this article. Apart from that (?), this morning I found the Release Content Documents for Release 12.1.1 on Metalink (last updated on 28-APR-09), including the Financial Management RCD in PDF format.

Journal Line Reconciliation is a new standard feature in General Ledger for R12. In fact it's not really new, in 11i it was already available as a globalization. This functionality is frequently used in Europe (not sure about the rest of the world), it gives more control for your accounts that should have a zero-balance.