Start New Company Transactions in Oracle Financials

Hi,
Recently we have implemented Oracle Financials (All 5 Modules) in our Organization. Now the company is changing the name and wants to start Transactions afresh in that new company. This is a Single Org & Single Currency instance on R12.1 Version.
Can anyone suggest the best approach for doing the same.
Thanks in advance
Regards,
Rohan

Approach 1:
Define a new BSV and disable the old one. This is the easiest method as no setups will be required.
Approach 2 :
If there is change in Registered Name and Legal Entity.
Define a new ledger, LE and OU. and complete the setup same as fresh implementation.
Regards,
CP

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    Continental Informatics India Limited
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    After a 4 months intensive In-House Training on Oracle Financials & Oracle Order Entry. I was appointed in Head office Hyderabad. For taking care of training activities in Oracle Receivables version 10.7 & 11 and Oracle Order Entry version 10.7 & 11.And I have taught the complete cycle of Oracle Receivables and Order Entry and Oracle Payables to the clients and also am a visiting faculty for intelli Group.
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    Implemented Oracle Financials:
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    Individual fully involved in business process study, system study, Requirement Analysis and preparing the documents at each stage of the project and completed the full life cycle of project along with other 6 ERP Consultants.
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    (Oracle Receivables)
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    7     Defining payables and Financials options & Suppliers, Banks.
    Developed Forms:
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    Since September 1997 to December 1998
    Moon Microsystems
    Designation          : Programmer
    Software                :Oracle Developer
    Role: Application Developer /Programmer
    Project Involved:
    Title               :     Health Care System-
    Title               :     Financial Accounting System
    Title               :     Library Management System
    Job Description
    '     Wrote Triggers for auditing of Data Modification implementing Complex Business Rules.
    '     Prepared Stored Procedures for making efficient reporting purpose. & Database Triggers
    '     To analyze, identify existing code in response to error used Debugging.
    '     Created Lovs, input items etc.
    '     SQL PL/SQL Programs
    '     Written the Triggers in forms and reports etc.
    Present Salary          :     820 KD + Incentives
    Expected Salary          :      Negotiable
    Personal Profile
    Father's Name          :     Mohdammed. Waheed
    Date of Birth          :     February 01th 1974
    Marital Status          :     Single
    Nationality          :     Indian
    Passport No           :     A1469944
    Valid               :     December 24th 1996 to December 23rd 2006
    References to be provided on request

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