Thursday, January 17, 2008

New Feature: General Ledger - Accounting Set up Manager

Hi everyone,who ever had a hands on experience on release 12 version of Oracle Applications, will certainly know something about Accounting Setup Manager. Lets speak about what it really is.....As many know that the term Set of Books has been replaced by Ledgers in release 12.... same way the replacement of the Set of Books form is Accounting setup Manager .Accounting Set up Manager is used for:Creating Ledgers ( Primary and Secondary)Create Operating UnitCreate SequencesCreate Legal EnitityDefine Intercompany Accounts and RulesEnabling Budgetary ControlDefine Subledger Accounting Optionsetc..etc..What is so special about this Accounting Setup manager is that it is not form based it is an html page... !! Which means that it comes with all advantages as well as DISADVANTAGES !!( I would say that the biggest disadvantage of all is that you got to use your mouse predominantly for most of your operations and every screen takes time to refresh which tests everyones patience )Will discuss more on other new features in my future posts !

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