Let's say you have two BUs in your Enterprise, BU-a and BU-b. You need to create a job which only exists for BU-a. You use Reference Data set to restrict that job to BU-a.

Reference Data set is a new concept available in Oracle Fusion Application and are logical groups which provides the enterprise to decide which business unit access the reference data groups, such as grades, locations, Tax Classification codes, AR & AP payment terms, departments, and jobs. Oracle fusion provides a default Reference Data set which can be used across all Business units. However, we can define our own Reference data sets.
Main advantage of using Reference Data Sharing is to helps organizations share common transactional data without unnecessary duplication.
For example, if organization has several business units and each business unit uses different payment terms on a customer invoice. Instead of each business unit creating and maintaining individual payment terms, one can define the payment terms reference data at the organization level and use that data into partitions (create reference data sets) so that the different payment terms can be assigned to each business unit.

Regards
Surinder Singh

Hi Ravi, Ramesh and Surinder,

Thank you so much for your explanation, now i came to know what is reference data sets.

Thank you
Sauritha

Hi Sauritha,

Reference Data Set as the word suggest stands for A specific referential value corresponding to a Data Set.

In case you are from EBS Financials Background you would be aware of concept called Org ID.

Reference Data Set refers to Referential Data Sharing

If there are Multiple Business Units and some of them uses a common Workforce Structures (like Jobs, Positions, Grades etc) then unlike EBS we need not to create same position jobs etc multiple times.

We make them once attach to a Reference Data Set and then attach this reference Data Set to individual Business Unit Set.

Not sure if the above explanation gets too confusing or in detail.

Let me know in case this helps if this does not will try to give a better explanation

Regards
Ashley