Assign Legal Entities and Balancing segments in Oracle Fusion

In Oracle Fusion application , once the Legal Entity is created , it has to be assigned and balancing segments are to be mapped to get them recorded as per the defined Enterprise Structure in the General Ledger 

The blog provides the steps to perform the below actions

  • How to Assign Legal Entities in Oracle Fusion
  • How to Assign Balancing Segment Values to Legal Entities in Oracle Fusion

How to Assign Legal Entities ?

Before we proceed with the assignment of Legal Entities , please read the blog

How to Create Legal Entity in Oracle Fusion

Follow the below given steps

  1. Go to Configurations
  2. Select Financials -> General Ledger
  3. Select Assign Legal Entities
Oracle Fusion General Ledger Task

4. On the Add Legal Entities Page, search the Legal Entity created

Oracle Fusion Add Legal Entities

5. Search for Legal Entity РOAH Pvt Ltd

6. Select the Legal Entity

Legal EntityLegal Entity IdentifierCountry
OAH Pvt LtdOAH_PVT_LTDUnited States

7. Click Apply button

The Legal Entity will be shown on the Add Legal Entity Page but there is No balancing Segment (Company Value) defined for it.

Legal EntityLegal Entity IdentifierCountryCompany Values
OAH Pvt LtdOAH_PVT_LTDUnited States <No Value>

How to Assign Balancing Segment to Legal Entities ?

Follow the below given steps

  1. Go to Configurations
  2. Select Financials -> General Ledger
  3. Select Assign Balancing Segment Values to Legal Entities
  4. Select the Legal Entity OAH Pvt Ltd with No balancing segment defined
  5. click on + icon to map the balancing segment

Assign Company Values

  • *Legal Entity OAH Pvt Ltd
  • *Company Value <Select the value from the dropdown based on the Enterprise Structure created for the country United States>
  • Enter the Description
  • Enter the Start Date
  • Enter the End Date <keep blank>
  • Click Save and Close