Answer / jilan_

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

How to support projects life cycles details?

0 Answers  

---

What is Reccuring Invoice ? What is the default invoice date for reccuring invoices ?

2 Answers   KPIT,

---

what is the use of below profile options while configure multiorg? 1. HR: Security Profile 2. MO: Security Profile 3. GL Set of books name 4. MO: Operating Unit 5. HR: User type

4 Answers   IBM,

---

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

0 Answers   HCL, Satyam, TCS,

---

what is the difference between General Calendar and Inventory Calendar?

1 Answers  

---

How should we manage Open balances of accounts while importing legal systems to Oracle at the time of implementation?

0 Answers   Wipro,

---

Accounting methods?

5 Answers  

---

I paid 10,000 Rs in advance to the employee for meeting his expenses. The employee met only 5000 expenses and the remaining 5000 he has to retern to the company. How will you define it.

4 Answers   Sonata,

---

What are the different calendars used in FA Module?

1 Answers  

---

What is the Invoicing System in Oracle R12

0 Answers   DELL,

---

What are the types of PO?

7 Answers   Omax,

---

What is difference between debit memo and credit memo?

2 Answers  

---