Explain about localizations (Ind, US) in Oracle Financials

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sm121972

  • Jun 12th, 2008
 

Do u know meaning of localization?  In India, to identify the person, legal entities and suppliers etc use some specific method like PAN, TIN, TDS. Actually these term differed with nation or state so to capture identification data of legal entities needed to setup a patch in Oracle 11i that called  Lacalization patch. Aftersetup a patch, we get some more screens, menu and reports for lacalizations.
Localization made be country specific, for US:Faderal Financials, for india: india Localizations.
I use PAN to identify the Employee in India other side in US use Social Security Number.
so we need to setup country specific loacalizations. Mostly varied in taxation,  identification and business methods-reporting.

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