Agility by Design – an Oracle E-Business Suite Blog and Technical Tips 

This article highlights some of the features of accounting in Release 12, including the introduction of the new Subledger Accounting Method (SLAM). What used to be referred to as a Set of Books is now called a Ledger, and Ledgers and Ledger Sets bring along with them a completely different way of performing accounting in the E-Business Suite. From a single transaction ledger where the transaction is entered one time, you use accounting rules to populate other subledgers. Additionally, the introduction of the Secondary Ledger impacts drill down capabilities and the functionality of reporting currencies, simplifying the financial consolidation process in many cases. This article will focus on (1) the general flow of actions that occurs between the initial subledger transactions and the general ledger balances as well as (2) the impact secondary ledgers have on the flexibility of global operations and financial consolidation.  >>MORE