Oracle Applications Set of Books
A set of books identifies a company or fund within Oracle Applications that shares a common chart of accounts structure, calendar, and functional currency. When you set up Oracle Projects either as a standalone installation or integrated with other Oracle Applications, you need to set up one set of books for each set of products that share a common chart of accounts, calendar, and currency.
You perform the following steps to set up your Oracle Applications set of books:
If you have already implemented a set of books while setting up a different Oracle Application, you can skip these steps.
Assign set of books to a responsibility.
Suggestion: For a description of Fremont Corporation's set of books, including its calendar and chart of accounts; which is comprised of company, cost center, and account segments, see: Fremont Corporation Set of Books