Posted on November 18, 2013 by David Haimes
I registered with WordPress.com for this blog six years ago today. My first post was a review of my social calendar for OOW 2007, taking a swipe at Chevy’s, Elton John and Budweiser. I went on to post 12 times in the remaining 13 days of November, including the now legendary Intercompany Vs Intracompany, it is still the most viewed post on my blog and has amassed 81,331 onsite view to date, which amazes me. My second most popular post of all time is How do I define my Legal Entities? with 28,690 views and that post is also the most commented on post ever on my blog. So I clearly did my most popular work in the first two weeks and have ridden that wave ever since.
So six years on I found inspiration at Oracle Open World again this year and am trying to get my blogging frequency up again, I have plenty of content in my mind, but it is finding the time and energy to form it into meaningful and digestible blog posts that takes the time.
Filed under: Intercompany | Tagged: blogs, Intercompany, OpenWorld, Oracle | 2 Comments »
Posted on November 8, 2013 by David Haimes
In the R12 Accounting Setup Manager, you can assign Balancing segment values (aka BSV, Company Codes) to Legal Entities, that’s nothing new for me to blog about. However a few times in the last month or two I have been asked a question along the lines of
“We are doing a re-org or have created a new LE and now we want to reassign an existing BSV to the new LE, how do we do that?”
My reply is
“I don’t think you really want to do that”
The reason why is because moving ownership of assets and liabilities from one Legal Entity to another is an Intercompany Sale, it has to be done correctly and any taxes due etc must be paid. Also you need to keep all the history of the activity the old legal entity did and report on that and have it available for audit. Also you probably want to deal with all the open transactions against the old LE in one way and just start recording new transactions against the new LE. A good option is to create a new balancing segment value and assign that to the new LE.
There is one situation where I am ok with people wanting to change the assignment, that is when it was a mistake during implementation and you have not entered any transactions against it yet. That is essentially a data fix.
Filed under: General Ledger, Intercompany, Oracle Financials | Tagged: Company code, EBS, ebusiness suite, ERP, financials, Legal Entity, Oracle, Oracle Applications, Oracle Financials, R12 | 3 Comments »