A value set is a group of valid values that you assign to a flexfield segment to control the values that are stored for business object attributes.Value set security only works in conjunction with usage within flexfield segments. If a value set is used standalone, meaning outside a flexfield,value set security is not applied, but Oracle Fusion data security is enforced.An end user enters a value for an attribute of a business object while using the application. The flexfield validates the value against the set of valid values that you configured as a value set and assigned to the segmentValue sets are created first in the chart of accounts configuration.

This video demonstrates How to Create and Manage Value Sets in Oracle Fusion Financials Cloud:

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Sangeetha

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