R12 – General Ledger – GL

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Overview
In GL there has been a number of changes:

Terminology Changes

Set of Books (SOB) is now Ledgers
Multiple Reporting Currencies (MRC) is now Reporting Currencies
Global Intercompany System (GIS) is now Advanced Global Intercompany System (AGIS)

Obsolete

Global Accounting Engine (AX) replaced by Subledger Accounting
MRC as a workaround – now fully [...]