What are the steps followed in creating the accounting
flexfields?
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Answer Posted / tgs100
For setting up of accounting flexfield, follow the below steps.
1. Decide your accounting flexfield segments and its characteristics.
2. Define the valueset for each segment - This should be the first step in Oracle Fusion, but can be slightly later in R12.
3. Define accounting flexfield structure and then add segments (attach the valuesets for each segment).
4. Complete flexfield qualifiers
5. Optionally enable other options (like dynamic insert) and then compile the flexfield structure
Note: In Oracle Fusion, there is a slight change. Flexfield structures are not used, instead COA instances are used. We can create only ONE structure, but we can create multiple instances.
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