7303030 : 12.1.1 Post upgrade : Multiple AP packages invalid after upgrading EBS from 12.0.6 to 12.
Hi Cameron: Welcome to the new EBS Patching community :-)
This thread will help you to resolve the following issue 
Applied patch 7303030 to upgrade EBS from 
12.0.6 to 12.1.1, now I have multiple invalid objects that won't 
compile, and I'm afraid it's cascading to other objects (ie PL/SQL 
libraries, forms, etc.).
SQL> l
  1  select object_name
  2  from dba_objects
  3  where owner='APPS'
  4    and object_type='PACKAGE BODY'
  5    and status <> 'VALID'
  6    and object_name like 'AP_%'
  7* order by 1
SQL> /
OBJECT_NAME
--------------------------------------------------------------------------------
AP_ACCOUNTING_EVENTS_PKG
AP_ACCTG_GDF_DETECT_PKG
AP_AUTOMATIC_PROPAGATION_PKG
AP_FUNDS_CONTROL_PKG
AP_ISP_UTILITIES_PKG