Answer / saritha reddy

consolidation is combining the results of subsidary company
and parent company.this can be done in 2 ways i.e fsg &
gcs. for fsg sets of books , currencies,calendars and
charts of account of parent and subsidary should be same.
for gcs they may be different sets of books with different
currencies,calendars and charts of account

Answer / nandita

consolidation is combining the results of multiple
companies; even if they are in different sets of books with
different currencies,calendars and charts of account.

Answer / trupti

Consolidation is a functionality in the
General Ledger Module that allows you to
combine financial results of multiple
companies from multiple sets of books,
currencies, calendars and accounting
flexfield structures

Answer / ravikanth

Consolidation is a functionality in the General Ledger
Module that allows you to combine financial results of
multiple companies from multiple sets of books,
currencies, calendars and accounting
flexfield structures. Consolidation can be done in 2 ways

1) One can use FSG if the SOB are same
2) Global Consolidation System (GCS) if the SOB are
diffrent where the individual account to account mapping is
done.

Answer / padma

It is the process of merging account balance of multiple
ledger. transfer from sub ledger to period

Answer / sundeep reddy

Re: What is the consolidation ?
Answer
# 2
consolidation is combining the results of subsidary company
and parent company.this can be done in 2 ways i.e fsg &
gcs. for fsg sets of books , currencies,calendars and
charts of account of parent and subsidary should be same.
for gcs they may be different sets of books with different
currencies,calendars and charts of account



regards


sundeepreddy

Answer / mohd majeed uddin

Merging the data of subsidary company to parent company is called consolidation.

Answer / anil kumar

To consolidate multiple sub-ledgers into single parent ledger is called Consolidation or


Merging one oracle server into another oracle server is called consolidation

Answer / alexander william

consolidation is the merger and acquisition of many smaller business into much larger business. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.

Answer / prasad

Consolidation - It happens only when Subsidiary company or Sister concerns are reporting at one level which is called at Parent Company.
It requires - Currency/Calendar/COA

Process - Posting -> Mapping -> Revaluation -> Translation -> Transfer -> Review & Post -> Reports

Trial balance can run which level, legal entity level or operating unit level.

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