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A legal entity is a clearly identified entity, which is given rights and responsibilities
under commercial law, through registration with the country's appropriate legal
authority. These rights and responsibilities are enforceable through the judicial system.
A legal entity generally has the right to own property and trade, and the responsibility
to repay debt and comply with labor law. Legal entities are responsible to account for
themselves to company regulators, taxation authorities, and owners according to rules
specified in the relevant legislation
The legal entity belongs to the organization's own corporate legal structure (enterprise).
The legal entity is referred to as the internal legal entity and is the initiator and owner of
a given transaction.Yusuf Akolawala
Wiki User
∙ 10y ago
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What is legal entity in oracle apps?
A legal entity is a clearly identified entity, which is given rights and responsibilities under commercial law, through registration with the country's appropriate legal authority. These rights and responsibilities are enforceable through the judicial system. A legal entity generally has the right to own property and trade, and the responsibility to repay debt and comply with labor law. Legal entities are responsible to account for themselves to company regulators, taxation authorities, and owners according to rules specified in the relevant legislation The legal entity belongs to the organization's own corporate legal structure (enterprise). The legal entity is referred to as the internal legal entity and is the initiator and owner of a given transaction.Yusuf Akolawala
Can any one tell best site for Oracle Apps Technical training?
Oracle Apps Techno Functional Faculty: Oracle Apps Technical, Oracle Apps Functional, Oracle Financial for Indian Localization, SQL, PL/SQL and D2K.
Which are the technical modules of oracle apps?
There are four modules ,which known as Oracle Apps technical modules . These are:System AdministratorApplication Object LibraryWorkflowAlerts
What is the Difference between oracle apps technical and functional consultant?
At a very high level Oracle Apps Functional Consultant -> One who understands business flows/processes and ways to do setup/tweak in oracle application to suite business needs. Oracle Apps Technical Consultant -> One who understands the oracle application architecture and table-relations etc.
What is the importance of 'oracle apps technical'?
oracle apps technical consultent is used to write the code for the apps functional flow of the project. bcz functional people don't have knowledge on technical to write the code. oracle apps functional people takes the requirements from the client as per their requirements, then functional people devolap a design for that requirement only. oracle apps technical consultent writes the code for the design flow given by the functional people
Oops concept in oracle?
Each entity is consider as a object
What can oracle forms be used for?
Oracle forms are part of a programming language and are used to deploy oracle forms. These are used by developers creating apps for the Android operating system.
Is a partnership firm has any legal entity?
No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.
Is a consolidated entity an accounting and a legal entity?
A legal entity is normally formed with formal registration (eg commercial registeratin) which is governed by an established law. However a consolidated entity is a REPORTING entity to provide users of financial statements with information about a legal entity (parent company) plus the financials of other entities (with separate legal entities) under their control.
Is sole proprietorship a legal entity?
Yes, but it is not a separate legal entity, it is not separate from the owner, like a corporation is.
Where does a corporation gain separate legal entity in the History of American law?
what is a separate legal entity for a corporation?
Is a corporation a separate legal entity?
A corporation is an institution recognised a separate legal entity distinct from its members.
