Introduction to Oracle Fusion General Ledger (GL)
Introduction to Oracle Fusion General Ledger (GL) Oracle Fusion General Ledger is the core financial component of the Oracle Fusion Cloud Financials suite. It delivers a modern, highly configurable, and scalable accounting system designed to meet global business needs. Whether you’re part of a multinational enterprise or a growing organization, Oracle Fusion GL provides the foundation for accurate, real-time financial reporting and decision-making. Key Features of Oracle Fusion General Ledger 1. Multi-Dimensional Accounting Oracle Fusion GL introduces a multi-dimensional chart of accounts using segments. Each transaction is recorded with rich context, such as: Company Cost Center Account Product Location This allows flexible and powerful financial analysis. 2. Ledgers and Ledger Sets Fusion GL supports: Primary Ledgers for actual accounting Secondary Ledgers for statutory or management reporting Ledger Sets for consolidating reporting acros...