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New Terminologies Used In Oracle Applications Release 12 July 21, 2007

Posted by Muhammad Habib in Oracle Applications, Oracle Financials.

Some of the new terminologies used in Oracle Applications Release 12 are:

11i Vs. 12

Sets of Books = Ledgers
Global Accounting Engine = Subledger Accounting
AX Posting Sets of Books = Secondary Ledgers
Global Intercompany System = Advanced Global
Intercompany System
GL Intercompany Accounts = Intracompany Balancing
Translated Currency = Balance level RCs
Multiple Reporting Currencies = Reporting Currencies
MRC Primary Set of Books = Primary Ledger
MRC Reporting Set of Books = Reporting Currency
Thin MRC Reporting Book = Journal level RC
Full MRC Reporting Book = Subledger level RC
Translated Balance = Balance Level RC

Hope it will be helpful. ………..

Thanks to: Sridhar – ERPStuff



1. ramaswamy sridhar - August 4, 2007

Thanks for posting this


2. Muhammad Habib - August 4, 2007

Thanks Sridhar

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