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Within the Oracle Financials Cloud, transactions are accounted for in the General Ledger (GL) but can be tracked at a more granular level within Oracle Project Portfolio Management (PPM). PPM is a suite of modules (including Awards, Contract Management, Project Financial Management, Project Financial Plan, Project Costs and Commitments) that is designed to track project costs, billing and revenue against project budgets. PPM operates as a subledger that tracks detailed transactions separately and then generates a summary-level entry to record those transactions in the General Ledger (GL). The General Ledger is a summarization of data from all the subledgers that provides a higher-level view of accounting activity with less granular detail than PPM or other subledgers. In PPM, a project is a primary unit of work that can be broken down into one or more tasks. The project number assigned in PPM matches the seven-digit project number in the chart of accounts project segment, but the two are distinct elements. In the GL, the project segment is part of the Chart of Account. Transactions are done using chart strings via journal entries. In contrast, PPM uses the POETAF string to transact in the PPM subledger. See section 1.5 for further detail. Elements from the legacy accounting system do not translate exactly into elements of Oracle Financials. Project and index (pre-Oracle) are not equivalent. Task and index are not equivalent. Transactions in PPM do not occur via journal entry, which can only be processed in the GL. To see the detailed information on any transaction, users need to look in the subledgers directly or use reports based on subledger data.