A value set defines the boundaries for the attributes that you assign to a key or descriptive flexfield segment. Value sets control what types of values can be used as Accounting Flexfield segment values. Value sets determine the attributes of your segments such as length, zero-fill, right-justify, alphanumerics, and value security. Value sets also control how validation is performed. For example, with independent validation, a list of values must be created and used.
Assigning Value Sets to Segments
• Assign one value set to each Accounting Flexfield segment.
• Share the same value sets across multiple ledgers to facilitate consolidation.
• You can use the same value set more than once within the same Accounting Flexfield structure (You can use same value set for the Balancing and Intercompany segments).