More and more companies are doing business globally, and taking advantage of the operations and tax benefits that can be achieved by running operations throughout the world. These companies have multiple operating units and organizations around the world. When goods are shipped or received, the financial ownership through these organizations does not necessarily follow the […]
The organization information used in HR is as follows1. Business Group2. HR Organization The HR organization classification used in oracle financials applications are as follows1. GRE/Legal Entity2. Operating unit3. Company Cost Center(Used in financials DBI)4. Auditable Unit(Used in ICM module)5. Assets Organization (Used in Financial Payables : Assets)
To define Business group, LE, OU, Organization, HR Organization etc check out below linkhttp://oracleerpappsguide.blogspot.com/2012/01/organization-in-r12.html SOB is a sepcial organization in multi-org model. Its a financial entity that shares a particular hart of account, finctional currency and finncial accounting calendar. A General Ledger (GL) secures transaction information bu SOB. An SOB is the highest level that […]
A balancing entity is one for which you prepare a balance sheet as a balancing segment value in the Accounting Flexfield structure. In any OU, you can have multiple balancing entities and each of these must balance within itself. In oracle applications, all intercompany entries are automatically created within the SOB to ensure that companies […]
Adding a New Operating UnitThe following steps are required to add new operating units to your organizational structure:1.1 Revise the Organization Structure. 1.2 Define Sets of Books (optional). 1.3 Define Locations.1.4. Define Organizations and Relationships. 2.1 Define Responsibilities. 2.2 Set Profile Options for Each Responsibility linked to the new Operating Unit. 1.1. HR: Business Group1.2 […]
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