Use External Data Integration Services for Oracle Cloud to load data into the interface tables of Oracle Fusion Applications from external sources, such as legacy systems and third-party applications.

External Data Integration Services uses file-based data import (FBDI) templates and processes to import data.

The External Data Integration Services components consist of:

• Templates to structure, format, and generate the data file according to the requirements of the target application tables.

• File-based load process to load the data files into the interface tables.

• Application-specific data import processes to transfer data from interface tables to the application tables in your Oracle Fusion Applications.

A business unit is a unit of an enterprise that performs one or many business functions that can be rolled up in a management hierarchy. A business unit can process transactions on behalf of many legal entities.

Normally, it has a manager, strategic objectives, a level of autonomy, and responsibility for its profit and loss. Roll business units up into divisions if you structure your chart of accounts with this type of hierarchy.

Though there’s no direct relationship between business units and legal employers, it’s recommended that you either maintain a 1:1 relationship between the two or have many business units within a legal employer. Typically, a business unit is used to roll up financial transactions within a legal entity. So, if you set up business units at a higher level than legal entities, your financial transactions may fail.

In Oracle Fusion Cloud Applications you do the following:

• Assign your business units to one primary ledger. For example, if a business unit is processing payables invoices, then it must post to a particular ledger. This assignment is required for your business units with business functions that produce financial transactions.

• Use a business unit as a securing mechanism for transactions. For example, if you run your export business separately from your domestic sales business, then secure the export business data to prevent access by the domestic sales employees. To accomplish this security, set up the export business and domestic sales business as two separate business units.

The Oracle Fusion Applications business unit model provides the following advantages:

• Enables flexible implementation

• Provides consistent entity that controls and reports on transactions

• Shares sets of reference data across applications

A legally recognized entity can own and trade assets and employ people in the jurisdiction in which the entity is registered. 

When granted these privileges, legal entities are also assigned responsibilities to:

Account for themselves to the public through statutory and external reporting.

• Comply with legislation and regulations.
• Pay income and transaction taxes.
• Process value added tax (VAT) collection on behalf of the taxing authority

Many kinds of legal entities exist, such as Corporation, sole proprietorships, partnerships, and government agencies.

A corporation is:

• A distinct legal entity from its owners and managers.
• Owned by its shareholders, who may be individuals or other corporations.

The three fundamental structures that describe its operations and provide a basis for reporting are:

1. Legal
2. Managerial
3. Functional