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

What is use of AP Accounting Periods?

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

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