In Oracle Fusion General Ledger, the chart of accounts model is framed around the concept of a chart of accounts structure, under which one or more chart of accounts structure instances can be created. A chart of accounts structure defines the key attributes for your chart of accounts, such as the number of segments, the segment sequences, the segment names, segment prompts, segment labels, for example natural account and primary balancing, and default value sets.
By default, a chart of account instance inherits all the attributes of a chart of account structure, which means that all instances of the same structure will share a common shape and have same segments in the same order.
However at the chart of account instance level, one can override the defaults value set assignments of segments and assign a unique account hierarchy. This will help to determine parent and child relationships between the different values of the same value set.
As an alternative to creating new accounts combination manually, one has to enable Allow Dynamic Insertion to generate new account combinations dynamically.

Chart Of Accounts (CoA) In Oracle Fusion Cloud

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