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 |
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
What is Aging Periods?
Why system asks enter valid cost center while Creating internet Expenses but i entred my cost center system ask same question could u please give me answer
What is the basic setup of payable?
what is the difference between inventory org id and inventory organisation id
How to Raise an invoice other than functional currency in AR
Trial balance can run which level, legal entity level or operating unit level.
Payables Applications Technical Reference Manual
payment types and payment methods.
what is the difference between external banks and internal banks??
Where we r defining the payment limits. ex:As per my business requirement business have a payment limit is 10000.Where we defined this type of limits.
What is the process of Third party payment in R12.1.3 version?