Interested to Buy Any Domain ? << Click Here >> for more details...
what is steps include after mapping in consolidation process?
- 2 Answers
- 5324 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasanna
After mapping creation, consolidation process work. Need to select parent ledger and child ledger and then transfer.
| Is This Answer Correct ? | 0 Yes | 0 No |
Consolidation is a process of transferring accounting details (in detail or summary) from two or more ledgers to a consolidation ledger. The process is as follows.
1. Create a mapping - Choose the subsidiary ledger and parent ledger and define mapping. Here we can use either segment mapping or account mapping or both. In segment mapping, we need to do mapping for each parent segment. The available options are
a) CONSTANT VALUE (usually done when there is no corresponding segment in
subsidiary ledger)
b) COPY VALUE FROM - directly copy values from subsidiary to parent
c) Roll up Rules - Here we can combine certain range of subsidiary values to one
parent value.
2. Create a consolidation set and and add all the mappings so that we can perform consolidation at one go.
3. Create Elimination set for eliminating intercompany transactions.
4. Run Consolidation
5. Import from GL Interface (Optional - Not necessary if import to GL is set as YES in mapping definition)
6. Post the journals in Parent ledger (Optional - Not necessary Post in GL is set as YES in mapping definition)
7. Run Reports in Parent Ledger
| Is This Answer Correct ? | 0 Yes | 0 No |
What is meant by with-holding tax invoice?
What is the basic difference between ship to and bill to, can I hv one ship to but nos of bill to or vice versa or in what way these r related ?
What is the use and benefit of Multi-Org.
whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.
What is project accounting in oracle.
if you are not having a cashmanagement module how to reconcile or how to clear the transactions?
How to Raise an invoice other than functional currency in AR
What is ment by retire asset? How do we retire assets in Oracle applications?
hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .
What is the db number of a particular customer TCA?
How can a person done a course in DSRC 11i functionals can get job outside? All companies need minimum 1-2 years of work experience I finished CA-Inter,MBA_Finance and M.Com., Please advice me how can I enter in to software oracle field Iam currently working in BPO as an oracle enduser
MOAC setup and which module do the setup? And what is the use of MOAC?
Oracle Apps Technical 
