Secondary Ledger Concept in Oracle Apps

- Optional Feature, Used for the purpose of tracking alternate accounting which is linked to your primary ledger.
- Can differ in one or more of the following from the primary ledger
            Chart of accounts
            Accounting calendar
            Currency
            Subledger Accounting Method (SLA)
- The Secondary Ledgers are used for supplementary purposes and can be used for global companies to comply with various legal requirements. 
Difference Between Reporting Currency and Secondary Ledger.

If you only need multiple currencies to support your reporting requirements, use reporting currencies with a primary ledger. If you need to account for your data using different calendars, charts of accounts, accounting methods (SLA) in addition to currency, use a secondary ledger.
Data Conversion Level
           1. Balance Level.
           2. Sub Ledger Level.
           3. Journal Level.
           4. Adjustment Only Level.
Setup Steps: 
1. Define Exchange Rate Type. 
2. Define Exchange Rate. 
3. Define Secondary Ledger. 
Navigation: Setup --> Financials --> Accounting Setup Manager --> Accounting Setup.
4. Come to Secondary ledger region & complete setup step options. 
5. Define Secondary ledger to the GL Responsibility with profile options “ GL ledger Name” 
6. Assign Secondary ledger GL Responsibility to User. 
7. Open periods in secondary ledger. 
8. Enter journal in primary ledger and post it. 
9. Query the journal in secondary ledger and post it.