It is a very common requirement to automatically balance by two different segments of the chart of accounts, typically the Legal Entity and some sort of Management Entity (department, line of business, cost center, etc). Fusion financials allows you to balance by up to three segments, which is always a well received feature. However at Collaborate you can learn how one company built a custom to do this in EBusiness Suite. I’m honored to have been asked to Co-present with GE on this topic, they have done some really good work here and I’m sure it will be of great interest to others too. So come along and join us, you’ll get the specifics of what they did, the details are below:
Session ID: 13941
When: 10 Apr 11:00 AM-12:00 PM
Room: Level 1, Marco Polo – 801
Speakers: Sangeeta Sameer, General Electric (GE), David Haimes, Oracle Corporation
Abstract: This paper describes the Custom solution that General Electric (GE) implemented in collaboration with Oracle to achieve Balancing by 2 segments in Release 12.1.3 of Oracle E-Business Suite (EBS). GE has the business need to Balance by both the Legal Entity (LE) and Management Entity (ME) segments in the Chart of Accounts. While Fusion Applications allow Balancing by 3 segments, Oracle EBS Applications do not have this Functionality. This paper covers the requirements and solution in detail for 2 Segment Balancing.
Filed under: AGIS, General Ledger, Intercompany, Oracle Financials, Oracle Intercompany Tagged: | Advanced Global Intercompany System, AGIS, chart of accounts, collaborate 14, EBS, ebusiness suite, financials, Intercompany, Oracle, R12