Accounting Convention which is nothing but subledger

accounting. It is the additional feature introduced in R12

For Eg. If the company in India is primary company and it

has branch at US which we can treat as secondary or subsidary,

1) In us its functional currency is USD which differs with

Primary country functional currency,

2) In US Calander is from 01-jan to 31-dec and in Primary

company Calander is 01-APR TO 31-MAR

3)BASED ON PRIMARY COMPANY REQUIREMENT ACCOUNTS ARE CREATED

AND SAME WAY SECONDARY COMPANY ALSO HAVING ITS OWN ACCOUNTS

KEY FLEXI FIELDS