Why assign balancing segment flex field qualifier in company segment ?

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Why assign balancing segment flex field qualifier in company segment ?..

As per the accounting practice, accounting has to tally (debit total =credit total) for each company to take the financial statements. Now how does Oracle Apps identity which is a company segment? You could enter CMP, COMP, COMPANY, Company, Co, etc to define a company. Irrespective of what name you give it for a company, if you attach a qualifier as balancing segment, system knows that balancing has to be done at that level.

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