Answer / ramana

consolidation means number of chart of accounts are link
with one chart of account. Its means operational chart of
accounts are link with group chart of account.

Answer / suraj

hello
as per my knowledge consolidation is necessary for chart of
accounts, business areas etc
for chart of accounts we assign n number of company code
if the one currency, if not another chart of account is
necessary for different currency. if u want to know the
complete result of the company u must consolidate the chart
of accounts.
for business areas to know the entire results of the
business areas we must consolidate with one business area

Answer / nagarjuna reddy

It means that We will have to link various departments so
that we can understand the flow of the data.It meansa that
data must b shared with each other other wise a problem
arises.
so we need database t b viewd so we will have to
consolidate.so that we can work fast if we consolidate with
each other.

(As per my Knowledge )

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0 Answers  

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Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?

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