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What is the role of the General Ledger module in an ERP? What is a sub-ledger and how does it reconcile to the GL? Why is master data important in an ERP? Explain the procure-to-pay (P2P) and order-to-cash (O2C) cycles.
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How does period-end close work in an ERP?

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Answer

Sub-ledgers are reconciled, accruals/adjustments posted, foreign currency revalued, the period is locked to prevent new postings, and reports are generated.
Reconcile -> post adjustments -> FX revalue -> lock period -> report
Real-world example A structured close checklist in Oracle ensures a fast, controlled month-end.
All 6 ERP Systems (SAP/Oracle) questions