What is subledger accounting in Oracle Apps R12?

What is subledger accounting in Oracle Apps R12?

Subledger Accounting (SLA) is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite products in R12. Subledger Accounting is not a separate product in itself.

What is the difference between primary ledger and secondary ledger in Oracle Apps?

A secondary ledger is an optional ledger linked to a primary ledger for the purpose of tracking alternative accounting. A secondary ledger can differ from its primary ledger by using a different accounting method, chart of accounts, accounting calendar, currency, or processing options.

What is subledger accounting method?

The Subledger Accounting program uses the business flow class to identify the journal entry line in the initial stage of the business flow from which current journal entries copy certain journal entry values.

What is subledger journal entry?

Subledger Journal Entry Definition Overview The goal of Subledger Accounting is to generate journal entries for transactions that occur in subledgers. For users integrating subledger accounting into their applications, it is critical to have a clear and common definition of a subledger journal entry.

What is create accounting in Oracle Apps r12?

The Create Accounting program: Validates and creates subledger journal entries. Transfers the final journal entries in the current batch run to General Ledger and starts the General Ledger posting process. Generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program.

Which module consolidates all accounting entries in Oracle Apps?

Accounting Consolidation in Oracle Ledgers Oracle Financials uses three tools to execute an accounting consolidation: Financial Consolidation Hub. Ledgers and Ledger Sets with Financial Statement Generator. Global Consolidation System.

What is primary ledger in Oracle Apps r12?

A primary ledger is defined as a ledger where all your day-to-day transactions are performed and you would typically have a secondary ledger to reflect these same transactions in one of the following probable scenarios: In a different Chart of Accounts. In a different Accounting Basis.

What are the other three subcomponents of a subledger journal entry rule set?

The following are the subcomponents of a subledger journal entry rule set: Journal line rules. Account rules. Supporting references.

What is a sub ledger account?

Sub ledger is an intermediary set of accounts that are linked to the general ledger. Nature of the Ledger. A single general ledger is maintained by a company. Many sub ledgers are linked to the general ledger.

What is difference between general ledger and sub ledger?

General ledger and sub ledger are such accounts that record business transactions. The key difference between general ledger and sub ledger is that while general ledger is the set of master accounts where transactions are recorded, sub ledger is an intermediary set of accounts that are linked to the general ledger.

What is business ledger?

A business ledger is a record of business transactions. It provides invaluable information at tax time by showing how much your company earned, as well as how much it spent in order to operate.