Oracle E-Business Suite Financials Handbook 3/E, 3rd Edition

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3

Oracle General Ledger

racle General Ledger (GL) is the collection point for all financial transactions. It is a tool for integrating subledger activity, consolidating group-wide accounts, and producing statutory financial reports. It provides a comprehensive financial-management solution that enforces financial controls and enables data collection and financial reporting throughout an enterprise. For businesses operating in a global environment, Oracle General Ledger handles the common setup components that are shared across Oracle Financial ...