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Can we maintain 2 sob's for one company, how?
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Answer / sarfaraz
yes we can .if ur company is in different location then ur
set of books is going to different . let us suppose ur
organization location is in INDIA and in US then ur
financila calender is going to be diffrent then u have to
create 2 set of books for this .accounting flexfield in
oracle financials have multiple structures.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / naina
yes it is possible to maintain 2 set of books for one
company.If you have operations in more than one country or
and if there is a different reporting and functional
currency then it is required to maintain 2 sob.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / harish
Yes it is possible to maintain two SOBs for a single
company. Suppose there is a company called XYZ Ltd. which
is operating in India and USA as well. The Fiscal calander
and the currency are different for these two countries.
Therefore it is necessary to create two SOBs for this
company.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / ravindra reddy
it is possible to maintain to set of book, suppose if we r
having two operating units in two different countries for
that we have to maintain two set of books, because each
country defers with there currency and calendar..
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajiv gupta
There r two type of SOBs. One is Operating SOB and second
Reporting SOB. I hope u r talking about the operating SOBs.
It depends upon our Legal Entities. We can have SOB
individual for all the legal entities if any of 2 Cs
(Curreny, Calender) out of 3 Cs (Curreny, Calender and
Chart of Account) is different.
Chart of account in one company rarely changes so other 2
if any is different as mentioned above also that one unit
is operating in India and other in different country then
we can have two different SOB becasue our Legal Entities
are different but for one operating unit we can not have
two seperate Operating SOBs.
| Is This Answer Correct ? | 3 Yes | 5 No |
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