A chart of accounts segment is a component of the Accounting Key Flexfield. 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 Oracle Fusion Applications or Oracle Fusion Accounting Hub. |
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 Natural Account segment of the Fusion General Ledger Accounting Key Flexfield defines the account that is used in the account combination to record transactions. Setting up the Natural Account segment of the Accounting Key Flexfield consists of the performing the following tasks: