Facebook Introducing a Unified Ads Manager

Facebook made an exciting change to the way user create, manage and measure ad campaigns. Ads Manager and Power Editor are now combined into one easy to use interface.

What's new?
You'll now be able to see and create all your ads in the new Ads Manager. New and updated features include:

• Two creation workflows to choose from
• Quick Creation Flow
• Guided Creation Flow
• Import/Export and Duplication functionality
• Automatic Drafts
• Easier Reporting

What about my data?
Your ads and saved data won't be affected.

Source: Facebook