This blog is the next part of my previous one which was Business Groups in HRMS Business Group is part of MultiOrg model of Organizations The Multi-Org model provides a four level hierarchy that dictates how transactions flow through different business units and how those business units interact • Set of Books- GL- Balancing Entities/Funds • Business Group • Legal Entity -HR- Fin- Legislative Reporting • Balancing Entity • Operating Unit- AP, AR, PO, OE -Bal Segment 1, Bal Segment 2,Bal Segment 3 • Inventory Org MFG, INV, Ship There is one confusion between Oracle Financial and HRMS consultant, as they simply assume SOB is more meant for non HRMS module and BG is more for HRMS, in certain extend this is true.Lets investigate this on GRE\LE and OU as follows: Know something more for SOB • As covered in earlier post ,a set of books is a financial reporting entity that shares the three C’s that is Chart of accounts(accounting flexfield structure), functional currenc...
My Name is Sajid Sheikh and my aim is to spread the knowledge to everyone who want to learn free Oracle HRMS. I will try to write the Blogs for Beginners so they can understand it easily from HR perspective. Contact ssalipk@gmail.com