The Accounting Setup Manager provides the following pages:
The Legal Entities page allows you to do the following:
Create new legal entities and assign specific balancing segment values to legal entities to help identify legal entities during transaction processing and reporting. You can take full advantage of all of the legal entity-related features, such as Intercompany Accounting.
Query existing legal entities, view their attributes, and make updates to the legal entities .
Update balancing segment values assigned to legal entities.
Enter an end-date to deactivate a legal entity.
Additional Information: Legal Entities Overview
You can perform the following in the Accounting Setups page:
Create new accounting setups.
Query existing accounting setups (named after the primary ledger) by legal entity or ledger.
Update the accounting options for an accounting setup to modify the related setup components.
Query existing legal entities and view their attributes.
Identify the associated primary ledger for any legal entity, ledger, operating unit, and reporting currency.
View the status of accounting setups.
After creating an accounting setup structure, update the accounting options immediately after creating the structure or later.