What is the major differance between Multi-Org setup in 11i
and R12 instance
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Answer Posted / 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
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