Question { Ernst Young, 2774 }

what is consolidation process?

Answer

Consolidation is the period-end process of combining the financial results of separate subsidiaries with the parent company to form a single, combined statement of financial results.
Or in short ..
"Consolidation is the process of transferring the data from ‘one ledger’(subsidiary) to another ledger (primary)."
The typical consolidation process includes eight steps,
1. Defining Consolidation Charts of Accounts
2. Mapping Consolidation Data
3. Preparing Consolidation Data
4. Transfering Consolidation Data
5. Posting Consolidation Data
6. Creating Eliminating Entries
7. Reporting on Consolidated Balances
8. Analyze Consolidated Data

Question { 2534 }

Hi Friends,
My Age is 31 Year and I have 6 years marketing(3yr) and accounts(3yr) experience. I wanted Learn ORACLE APPS Financial. is it better decision to changing my career from one domain to another ? if yes who will give me a fresher job as my age more then 30 . need all your suggests friends

Answer

Hi Abhisekh,
Changing a domain at that point of your career and age is always a risk factor unless and until you have a clear vision and planning for the new domain in the future.
Oracle Finance is a huge ocean. But, As you are from accounts background it will be easy for you to quickly gel in.
My suggestion is you better get some good hands on training on Oracle eBS(there are many good institutes) and add some relevant experience along with your accounting experience to level your career graph for new domain.
*It's not a good idea to start off again as a fresher. I have self experience and was in exactly the same situation as you are.
Good Luck!