Accounting Setup Manager is a new feature that streamlines the setup and implementation of Oracle Financial Applications. The Accounting Setup Manager will facilitate the setup required for simultaneous accounting for multiple reporting requirements. With the Accounting Setup Manager, you can perform and maintain the following common setup components from a central location: • Legal Entities • Ledgers, primary and secondary • Operating Units, which are assigned to primary ledgers • Reporting Currencies, which is an enhanced feature • Subledger Accounting Options. This is where you define the accounting methods for each legal entity subledger transaction and associate them to the ledger where the accounting will be stored. • Intercompany Accounts and Balancing Rules • Accounting and Reporting Sequencing • Both Intercompany and Sequencing
Accounting Setup Manager is a new feature that streamlines the setup and implementation of
ReplyDeleteOracle Financial Applications. The Accounting Setup Manager will facilitate the setup required
for simultaneous accounting for multiple reporting requirements.
With the Accounting Setup Manager, you can perform and maintain the following
common setup components from a central location:
• Legal Entities
• Ledgers, primary and secondary
• Operating Units, which are assigned to primary ledgers
• Reporting Currencies, which is an enhanced feature
• Subledger Accounting Options. This is where you define the accounting methods
for each legal entity subledger transaction and associate them to the ledger
where the accounting will be stored.
• Intercompany Accounts and Balancing Rules
• Accounting and Reporting Sequencing
• Both Intercompany and Sequencing