What is concept of Shared Entities - Oracle

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Concept of Shared Entities in Oracle

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The financial application suite of products shares a common data model and a set of integrated applications to give the enterprise a holistic view of their data. This enables the enterprise to view their business/financial information in a consolidated view and assist in their making informed decisions.

Shared entities allow one-time definition of a business object so that it can be used across various modules. The ownership of a shared entity within a business organization may vary but technically the ownership is linked to the single module.

Here is list some often used shared entities with corresponding product owners

Shared Entity                               Owner of shared entity

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Unit of Measure         >                      Inventory

Items                             >                   Inventory

Suppliers                         >                 Purchasing

Customers                         >               Receivables

Salespersons                       >             Sales

Employees                           >             Human Resources

Locations                               >           Human Resources

Currencies                                >        Application Object Library

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