General Ledger Accounting Configurations in Oracle Fusion Applications

Every ledger must have the "4Cs":
- Chart of Accounts  (CoA) - helps organize the data
- must be associated with A Calendar - the Calendar identifies the time frame
- the Currency provides a financial measurement
- Convention - Accounting Convention - the statutory requirements of how we conduct our accounting.

Whether or not we're talking about a primary ledger or a secondary ledger, they must have these elements.




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