Changes in Terminology : GL Module 12 Release New Features

GL Module 12 Release New Features, AskHareesh.blogspot.com
Changes in Terminology
The following lists the terminology changes from Release 11to Release 12: 

Release 11i Term
Release 12 Term
Comments
Global Accounting Engine
Sub-ledger Accounting
Refer to the Sub-ledger
Accounting section for more
Information.
Global Inter-company System
(GIS)
Advanced Global
Inter-company System (AGIS)
AGIS is a new application
within the Oracle E-Business
Suite that allows companies
to streamline inter-company
processing and facilitates the
Reconciliation of inter-company transactions.
All of the GIS setup options
and inter-company
transactions will migrate to
AGIS. Refer to the Advanced
Global Inter-company System
section for more information
About the GIS upgrade.
Inter-company Accounts
Intra-company Balancing
The Release 11Inter-company
Accounts feature, including
the inter-company balancing
rules and clearing accounts, is
replaced by the Intra-company
Balancing feature in
Advanced Global
Inter-company System (AGIS)
In Release 12. Refer to the
Advanced Global
Inter-company System section
for more information about
This upgrade.
MRC Primary Set of Books
MRC Reporting Set of Books
Primary Ledger
Reporting Currency
Multiple-Posting Set of Books
(Global Accounting Engine)
Secondary Ledgers
Secondary Sets of Books
Secondary Ledgers
Set of Books
Ledger
Translated Currency
Balance-Level-Reporting
Currency


Also Read : Complete GL Module 12 Release New Features

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