What is the consolidation ?

Answer Posted / 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.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Charge Back Setups ?

1684


Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"

1732


Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?

1932


Can I do a payment of 50 bills on a post date. If yes, then how?

1290


what is the difference between bonus reserve and bonus expense

3963






Anyone provide the oracle fin/scm definetions

1878


When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?

2441


What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150

957


How to support projects life cycles details?

642


How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12

6519


what is the difference between before pages trigger and after parameter trigger in reports ?

1919


Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

1758


what is the meaning of purchase default and what are the types

1654


We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?

1535


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

1977