A company is a non-divisible unit from a legal perspective, but from a business management perspective the company wants to drive the operations differentiating by the Operating Units / Divisions. The manager of an Operating Unit becomes accountable for the Profit & Loss and Balance Sheet on that Operating Unit.
Management by Operating Units introduces the following features:
- Partitions transactional data (e.g. Sales orders, purchase orders, account journal items) from other Operating Units. From an accounting perspective a Self Balanced Profit & Loss and Balance Sheet can be obtained from a particular Business Unit.
- Administers user access to the data for processing and reporting. Users can access and process transaction information only for the particular operating unit or set of operating units to which they have been granted access.
Also referred as Operating Segments, they are a subsidiary of a corporation that operates as if it were an independent company. An operating unit has its own assets and liabilities and its own management structure. Reporting financial results by Operating Unit (referred to as Segment Reporting in the accounting world) is a requirement for certain companies, as defined by the International Accounting Standards Board in IFRS 8.
In this talk you will learn how to manage your company using Odoo, using separate Operating Units, and how you'll be able to better
We will provide an initial presentation explaining the business concepts behind Operating Units, followed by a demonstration of how a business can be managed using Operating Units in Odoo 9.
The apps introduced in this talk have been created by Eficent, and are maintained by OCA, in Odoo 9.
For more information, see: http://bit.ly/2bKCH8I
Date & time