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8/2/2019 What is new in R12
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Secondary Ledger:
Differs from Primary Ledger by Chart of Account, Calendar, and/or Accounting Method
For Statutory, Tax or Consolidated reporting
Reporting Currency Ledger:
Differs from Primary Ledger by Currency ONLY
Just a translation of the Primary Ledger – no rules required
For Consolidated reporting
LEDGER SETS:
Grouping of ledgers with the same chart of accounts and calendar/period type
combination
Essentially treats multiple ledgers as one
2] Subledger Accounting:
You can consider SLA as a bridge or an Intermediate platform that talks to Subledger products(these are other applications or modules) and the General ledger. All Accounting entries for your
modules (like AP, AR, Projects, Inventory, etc) are treated as Sub-Ledgers and they first sent to
the SLA engine. The SLA applies its rules (some or these rules are pre-configured and also you
can configure as many rules as you want) and then sends the necessary journal entries to the
General ledger.
In a nutshell, the following services are provided by Oracle SLA