what is consolidation process?
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
Is This Answer Correct ? | 1 Yes | 0 No |
where does COGS account hit?
What is the difference between Quick addition and detail addition?
what r issues faced in gl
explain about summary account with an example?
Can you explain the "Recalculate Scheduled Payment" setting in the Payables Option menu? Should this be enabled?
What are the journal entries in O2C Cycle.
What are the mandatory setups in AP?
During create additions programme,waht is validations checks performed by system?
what are the depreciation methods in oracle financials- fixed assets?
what is soft close and hot close periods in assets?
We have raised the requisition and PO, and also raised the Invoice and made the payment but did not match with PO. What we need to do with that pending PO ?
What is is "Depreciable Basis" which is coming in "Asset Register Report" in Oracle Fixed Assets. How to calclate the Original Cost to get the same value which is coming in the Report. I got the information that Cost - Salvage Value. Its working fine only with One Addition. If we have multiple additions, then I am not getting calculated these Depreciable Basis Amount which is coming in Asset Register Report. Can any one help me out in getting this value calculation Please. Thanks & Regards, Rajkumar Peddi Cell: 9849024872