A chart of accounts segment is a component of the account combination. Each segment has a value set attached to it to provide formatting and validation of the set of values used with that segment. The combination of segments creates the account combination used for recording and reporting financial transactions.
Note: | You must set up your Chart of Accounts (COA) as part of implementing Fusion FAH. |
Examples of segments that may be found in a chart of accounts structure include:
Company
Cost center
Department
Division
Region
Account
Product
Program
Location
The General Ledger Accounting Segment is the principal use of key flexfields. Setting up the GL Accounting Segment consists of performing the following tasks: