How Federal Financials Enhances Procurement

US federal entities use Oracle Subledger Accounting for accounting events that are related to procurement activities.

When you use Federal Financials for subledger accounting, you get access to the accounting method predefined for procurement-related activities. This accounting method includes accounting rules specific to procurement activities.

Note: Subledger accounting is an intermediate step between each of the subledger applications and Oracle General Ledger. You can use the Subledger Accounting application for these activities:

• Complete your accounting process.

• Create the final accounting for subledger journal entries.

• Transfer the accounting to General Ledger.