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What is the consolidation ?
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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
| Is This Answer Correct ? | 12 Yes | 1 No |
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.
| Is This Answer Correct ? | 7 Yes | 1 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
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.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / padma
It is the process of merging account balance of multiple
ledger. transfer from sub ledger to period
| Is This Answer Correct ? | 1 Yes | 0 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mohd majeed uddin
Merging the data of subsidary company to parent company is called consolidation.
| Is This Answer Correct ? | 0 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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