Changes in Terminology : GL Module 12 Release New Features

Changes in Terminology

The following lists the terminology changes from Release 11i to 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 11i Inter-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