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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



