Can we maintain 2 sob's for one company, how?
Answers were Sorted based on User's Feedback
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 |
In FA module..Once we added assets...we dont want depreciation few of assets.but other assets we will run dep monthly.So how we can stop dep for few assets.
Can different SOBs share the same value set?
what is the tax levels in AP?
What is Auto Accounting in Receivables?
Is Operating unit have branches in different location. I.e. same operating unit have One branch at Delhi and another one at Mumbai.
What are the Accounting Entries in P2P.in Oracle Financial terminology ?
Hi, I actually finished my oracle financials R12 course recently and am planning to attend an interview next week...so can any one help me with some of the important interview questions? I am actually keeping 2 yrs fake exp....
what are mandatory setups for Receipt creation.?
how do u explain depreciation adjustment, deferred depreciation expense, deferred depreciation reserve
In Accounts Paybles what is the meaning holding tax ? Can u give the answer holding journal entry
Types of Prepayments? And difference between them?
Why are expenses items typically accrued at period end, and why are inventory items always accrued on receipt?