The Legal Entity Configurator allows you to define legal entities and establishments in the Oracle system to achieve legal compliance for business activities handled by the Oracle E-Business Suite.
Before setting up legal entities, you must complete the following setup steps:
Complete setup for the E-Business Suite
Note: E-Business Tax is dependent on Legal Entities setup to complete its setup. Legal Entities setup is not dependent on E-Business Tax setup.
Optionally set up customer flexfields
Legal entities setup includes the following steps:
Define the Default Country profile option.
Define the LE: Generate Legal Entity Identifier profile option. See: Generating the Legal Entity Identifer.
Define the HZ: Generate Party Number profile option.
Define the LE: Change Effectivity profile option.
Define jurisdictions. See: Creating and Updating Jurisdictions
Optionally define authorities See: Creating and Updating Legal Authorities
Define legal entities. See: Creating Legal Entities.
Assign legal entities to ledgers using the Accounting Setup Manager. See: Accounting Setup Manager
Define additional registrations for legal entities if required. See: Creating Registrations.
Define establishments. See: Creating Establishments.
Define additional registrations for establishments if required. See: Creating Registrations.
Optionally define associated business entities. See: Legal Associations
Optionally define balancing segments for establishments.
Legal Entity Reporting enhances the reporting capabilities of Oracle Applications products by allowing you to report at the legal entity level. Legal reports filter the data based on the legal entity stamped on the transactions (for example, AP Invoices, AR Transactions, etc.) or based on the ledger/balancing segment value that is associated with a legal entity through the Accounting Setup Manager.
When reporting by the legal entity, you can submit the report for all legal entities even if the MO: Security Profile profile option does not include all operating units.