Short answer nothing, in R12 its still there and serves as the processing table for budgetary control processing.
Whats different in R12
the source data from gl_bc_packets now comes from SLA, instead of directly from the calling products (eg AP, PO)
the data from gl_bc_packets does NOT go to GL, the SLA journal goes to GL
the processing unit is [...]
In past releases these may appeared that they were the same thing or almost the same thing as they were controlled by the same setup, also the terms encumbered, reserved were often interchangable used to mean both or either. In Oracle Financials these are considered two distinct features.
Budgetary Control – keep track amounts of and determine if there is [...]
The choice of primary ledger 4 Cs (Currency, Calendar, Chart of Accounts, aCcounting) may seem to be a choice of what the resulting journals and balances look like in your general ledger, but its also influences how transactions are captured in the subledgers.
A few things to consider:
1) Is it legal?
This is a broad spectrum, from strict rules on transaction [...]