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everyone my name is suminsha from bisp solution todays topic is intercompany transaction and in oracle fusion financials this advanced global intercompany system that is called agis so what is intercompany as a term used to describe the activities that are conducted between the two or more affiliates or operating units say or business unit of a same parent company we will take a business case where the one of our client buys a software license at head office level and pass on the usage charges to the subsidiary based on usage base the approach is there are two approaches to that and first approach is that expenses is booked and liability is created during the invoice book in a and in the month-end process the accountant looking the gl report pass the inter-company subsidy debit and expenses credit it will reduce the expenses and book the receivables in intercompanies and similarly the subsidiary books the expenses is booked and intercompany payable is created and subsidiary books the