legal entity/business group

[tekxyz]

Hi,

I have following questions regarding Oracle ERP :

- What is a business group ?
- What is a legal entity ?
- can we have more than one set of books ?
- Can we have multiple currencies for
one set of books ?

Any information/pointers will be greatly apprecited. Also, is there a Oracle Apps manual I can refer to to get informtion of this type ?

Thanks in advance

 

[zMonk]

- business group ... gotta look up this ..
- legal entity : segment that you define as balacing, e.g. all entries have to net to "0" for it. If you have a BS it will be it!
- as many as you want ...
- Waht is the purpose? You can convert mutiple curencies to the functional currency , but functional is only one. Expl. fnctnl is "USD" , then you have transactions in GBP, EUR etc it will convert to USD and you can run reports gainst any. You can also set up MRC book that will get converrt it at another rate ...code