Answer / kk

Hi,

In 11i Legal Entities are nominal and mainely for
Government Reporting entities for Tax reporting and VAT
registration. All the operations and transactions are
happening at Operating Unit level. But In R12, Legal
entities become major and all transactions happening at
legal entity level. Banks and business entities are
controlling by the legal entities.and Legal Entity
definition included with territories, legal address, Legal
Entity Identification Number, Legal registration, Legal
Establishment etc., This is very mush suitable for shared
services organizations through MOAC functionality.

Thanks/KK

Answer / tgs100

Here are the few differences which I could recollect (Used R11 long back)...

1. SOB name is change to Ledger
3. 3C is changed to 4C (Accounting convention is added - Accrual or Cash)
3. MO: Security profile - We can create a security profile and attach more than one operating unit thereby giving access to more than one operating unit in a single responsibility (Create and set the profile option).
4. Ledger set - Access to more than one ledger in a single responsibility.

Answer / venkat

In 11i we have only 3 c's which are chart of
accounts,calender and currency but in R-12 added one more C
which is conventions of accounting(SLA).

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