Balancing Segment Values Associated with a Legal Entity Legal Entity The following table describes balancing segment values that are assigned to each legal entity. Limit a user's access to a legal entity's data by creating a data access set that secures read and write access to specific balancing segment values or legal entities.
Data access sets also control read and write access to the ledger or portions of the ledger, such as its balancing segment values or management segment values.Īll ledgers and ledger sets assigned to a data access set must share the same chart of accounts and accounting calendar/period type combination.Īssume there is a Shared accounting setup where multiple legal entities share the same primary ledger. This section includes the following General Ledger security features:ĭata access sets control which ledgers or ledger sets can be accessed by different General Ledger responsibilities. General Ledger Setup Flowchart, Oracle General Ledger User Guide Oracle General Ledger Security Inquiry: Perform online inquiry on account balances or journals across multiple ledgers in a ledger set from a single view drill down to the journal details and subledger transaction for each ledger. The added benefit of using ledger sets in FSG reports is to aggregate data and create summarized balances across multiple ledgers in a ledger set.
Multiple ledgers on ledger live generator#
Reporting: Submit standard reports and Financial Statement Generator (FSG) reports across multiple ledgers in a ledger set. Open and Close Periods: Open and close periods for multiple ledgers within a ledger set from a single operation.
Translation and Revaluation: Translate balances and run revaluation across multiple ledgers in a ledger set. Some of the General Ledger features that benefit from the use of ledger sets are as follows: Tip: Use a ledger set to combine the source ledger with its reporting currencies (journal and subledger levels) to open and close periods across all ledgers simultaneously
Note: Both the source ledger and its reporting currency (Journal and Subledger level) must have the same open periods to prevent problems during posting in General Ledger. This allows you to group the primary or secondary ledgers with their associated reporting currencies to reduce maintenance efforts and streamline processing. They do not have to share the same currency.
Multiple ledgers on ledger live update#
For example, you can open or close periods for multiple ledgers simultaneously, translate balances for all ledgers in a ledger set, run recurring journals that update balances for multiple ledgers, or run consolidated financial reports that summarize balances across multiple ledgers in a ledger set.Īll ledgers in a ledger set must share the same chart of accounts and accounting calendar/period type combination. Ledgers sets allow you to group multiple ledgers together to achieve processing efficiencies. This chapter covers the following topics:Īfter creating and completing the accounting setup, perform additional setup steps in Oracle General Ledger to achieve processing efficiencies and add security to ledgers and reporting currencies.
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