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General Ledger Setups
Posted: Tue Nov 06, 2007 3:48 am
by thejasprasad
can anyone tell me why the concept of set of books is replaced by ledger system in r12 , is there any extra features in ledger system , how does it adds value to the application...
If anyone has some knowledge about this please share it......
thanks in advance
Thejas Prasad
Posted: Tue Nov 13, 2007 3:04 am
by Yadav
hi
The upgrade creates a separate accounting setup for each primary ledger that is upgraded from a set of books. The status of the accounting setup will be completed.
Each accounting setup is a grouping of accounting-related setup component
Streamlined the setup and implementation of Oracle Financial Applications
Centralized the setup for the common setup components like: Legal Entities, Operating Units, Ledgers, etc.
Results:
Customers now have better access to setup information
Customers will make fewer setup mistakes, save time, and improve operational efficiencies.