Posted on September 25, 2011 by David Haimes
I’ve been preparing these for a presentation at Oracle OpenWorld next week, they were mostly taken from the questions asked by Alyssa Johnson in her comment, but they are very typical questions that I get asked a lot.
What is the difference between the 11i GRE/LE and R12 LE?
- GRE/LE is upgraded as an LE in R12
- In 11i GRE/LE was often a dummy LE, not real LE structure and had little use
- R12 LE has a more robust definition
- R12 LE is used more by processes and reports across financials
Where does the LE impact R12 processing?
- Short answer – Tax, Intercompany (AGIS), Global Features
Why should I assign BSVs to my LEs in the Ledger?
- It is optional, if your BSV is your company code, you have an implied LE there in your GL
- It helps with some LE derivation for transaction stamping
- Allows you to run reports by LE
- May make Intercompany rules easier to define
In 11i, the LE doesn’t really correspond to the true Legal Entities of the Organization (e.g. only one LE is setup even though there are multiple companies). What is going to break in R12 if I leave it that way?
- Nothing will break if you do nothing and stay with one ‘dummy’ LE
- You won’t get all the good stuff we talked about earlier
Is there a connection between the LE and the BU?
- If you map LE to Ledgers / BSV, there is an indirect LE-OU relationship
- There is a Default Legal Entity for an OU (Default Legal Context) which in some cases(1:1:1) it will be the only LE so it is a direct assingment
If you want to add anything to this, or have more questions then fine the comments section below…
Filed under: General Ledger, Intercompany, Oracle Financials, Oracle Intercompany | Tagged: Advanced Global Intercompany System, AGIS, financials, General Ledger, Legal Entities, Legal Entity, Legal Entity Configurator, OpenWorld, Oracle Applications, Oracle Financials, Oracle Intercompany, R12, R12 Upgrade | 27 Comments »
Posted on September 14, 2011 by David Haimes
Looking for financials sessions at OpenWorld this year? I would start with this list from Theresa Hickman and if you are interested in the Record to Report / GL area, then the Oracle Apps User Group (OAUG) has a Special Interest Group(SIG) for you and they will be meeting on Sunday. As I posted earlier, I’ll be chatting about Legal Entites in EBS R12 and giving a super quick sneak peak into Fusion GL.
One thing I always plug is the Demogrounds, this is the place to go if you want to spend some quality time with a product and an expert form Oracle on that product. You will often have a chance for one on one discussions and demos and get to the answers you are particularly interested in. We will have two dedicated Fusion Fiancnails demo pods this year. I’ll be there on Tuesday and Wednesday afternoon, so come please drop by and see the most compelling product I have ever had the pleasure of working on, the title is “Oracle Fusion Financials Delivers Revolutionary Reporting and Insight”
Filed under: Intercompany | Leave a comment »
Posted on September 7, 2011 by David Haimes
I was perusing the statistics that wordpress.com provides for this blog and was interested to learn that the most commented on post, with a whopping 69 comments, is the classic from November 2007 – How do I define my Legal Entities? . It has also received 18,449 page views which is the second most viewed post on this blog. My conclusion is that people are interested in this topic and want to learn more, so I thought I would mention the OAUG GL SIG meeting at OpenWorld where I have been asked to make a short presentation about Legal Entities, essential details are:
||OAUG General Ledger SIG
||Sunday, 04:00 PM, Moscone West – 3005
||The OAUG General Ledger SIG is a worldwide community of professionals engaged in the use of record-to-report business processes. Group members are business users, consultants, and support members engaged in the use of Oracle General Ledger.
This session focuses on Oracle Fusion Financials’ General Ledger feature, the Oracle E-Business Suite Release 12+ update, and the Oracle Financials release roadmap.
I have just started to think about preparing slides and I thought that rather than actually work on them, I would blog and see if anyone had ideas on the type of thing I should talk about (the hip crowd would call it crowd sourcing). It’s been almost 4 years since that post, so let me know in the comments what more information you would like on Legal Entities in Oracle Apps.
The comments section is just down below, past all the widgets asking you to like the post and share it…
Filed under: AGIS, General Ledger, Intercompany, Oracle Financials, Oracle Intercompany | Tagged: chart of accounts, financials, General Ledger, GL, Legal Entities, Legal Entity, oow11, OpenWorld, Oracle Financials, oracle open world, R12 | 4 Comments »