what is steps include after mapping in consolidation process?
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 PO rate variance Gain/Loss
1. P2P cycle with which accounts get effected at each stage
2 Answers Apps Associates, Meru Cabs, Patni,
While you are in implemenation what are the u issues faced? tell me what some issues?
Can you translate the balances of SOB in GBP currencies into multiple currencies or only in one different currency?
What is the Invoicing System in Oracle R12
Difference between quick payment and manual payment?
What is the procedure of: Analysis of invoice holds and getting them released in Accounts Payables.
2 Answers IBM, Oracle, TATA AIG,
Hi All, My name is Prashant ..I want to know good institutes in Bangalore which provide training on Oracle Apps Financials..AP,AR,GL,CM,...Mail me at prashant09itagi@gmail.com
What is ment by retire asset? How do we retire assets in Oracle applications?
What is the use of the featured secondary tracking segment while defining the set of books in gl ?
"Testing Client Specific Business Rules" explain.
where does COGS account hit?