More on Legal Entity

Legal Entities and Accounting



Operating Units can be associated with multiple Legal Entities in shared accounting environment if they are assigned to the same ledger as the Legal Entity

 

LE1 uses the account balancing segments of 1-5, and LE 2 uses the account balancing segments of 6-7 in the same ledger. Both OU1 and OU2 point to the same ledger.

In this shared environment, either the system or the user must determine which LE gets assigned to a transaction. A default legal context sets the default Legal Entity value for a transaction. The user can change this value.

Entering Legal Entity in Transaction Entry form



Legal Entity Association

Very good site with good topics

Hi,
Hope you are doing well. It really a good site to upgrade myself. Thanx for some good topic. I've few ver basic queries.

1. In 11i receivable transactions created against OU. But in R12 there is no place where I can view OU name in transaction form. Only LE name is there in the form. where as incase of invoices created in payable having both OU name and LE name in the invoice header. Does it mean that in R12 AR invoices are at LE level and in payables invoices are at both OU and LE level.

2. In R12 we can have one LE assigned to more than one BSV. What does this mean ? Appreciate if this query is clarified from business scenario perspective.

Thanks in advance for your quick reply.


Thanks
Abhijit