Overview of Subledger Accounting for Federal Financials

Oracle Subledger Accounting lets you establish an accounting flow between various subledger applications such as Oracle Procurement, Oracle Payables, Oracle General Ledger, and Oracle U.S. Federal Financials. It stores a complete and balanced subledger journal entry in a common data model for each business event that requires accounting.

Federal Financials contains predefined data for setting up accounting. The Create Accounting process in Subledger Accounting can use this data without requiring any changes. It transfers the final accounting to the General Ledger.

Note: If you created additional accounting event classes after the initial ledger setup, run the Update Subledger Accounting Options process before you run the Create Accounting process to incorporate the newly created event classes.