What are the Functional activities in Oracle EBS for divestiture business?
Assuming as part of this divesture, you are selling an entity or Operating unit, the below 10 activities need to be taken care:
- Close of all open transactions in all subledgers and run Create Accounting, Transfer to GL
- Assets needs to be retired
- Any open AR receipts needs to be written off
- Any open Prepayments needs to be refunded or adjusted
- Any open AR deposits needs to be adjusted against Invoices
- All Expense reports needs to be approved and imported into AP
- Employees needs to submit expense reports for all open Credit card transactions
- Operating unit needs to be end dated
- Scheduled jobs for that Operating unit needs to be cancelled
- Concerned Balancing segment value/Company code needs to be end dated