Answer / saritha reddy

consolidation is combining the results of subsidary company
and parent company.this can be done in 2 ways i.e fsg &
gcs. for fsg sets of books , currencies,calendars and
charts of account of parent and subsidary should be same.
for gcs they may be different sets of books with different
currencies,calendars and charts of account

Answer / nandita

consolidation is combining the results of multiple
companies; even if they are in different sets of books with
different currencies,calendars and charts of account.

Answer / trupti

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

Answer / 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.

Answer / padma

It is the process of merging account balance of multiple
ledger. transfer from sub ledger to period

Answer / sundeep reddy

Re: What is the consolidation ?
Answer
# 2
consolidation is combining the results of subsidary company
and parent company.this can be done in 2 ways i.e fsg &
gcs. for fsg sets of books , currencies,calendars and
charts of account of parent and subsidary should be same.
for gcs they may be different sets of books with different
currencies,calendars and charts of account



regards


sundeepreddy

Answer / mohd majeed uddin

Merging the data of subsidary company to parent company is called consolidation.

Answer / anil kumar

To consolidate multiple sub-ledgers into single parent ledger is called Consolidation or


Merging one oracle server into another oracle server is called consolidation

Answer / alexander william

consolidation is the merger and acquisition of many smaller business into much larger business. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.

Answer / prasad

Consolidation - It happens only when Subsidiary company or Sister concerns are reporting at one level which is called at Parent Company.
It requires - Currency/Calendar/COA

Process - Posting -> Mapping -> Revaluation -> Translation -> Transfer -> Review & Post -> Reports

How to see the structure of organization?ie which LE connected to which ledger and which OU connected to which LE?

2 Answers  

How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

1 Answers  

What is the Process of Fixed Asset From Inducation to Disposal & what are the journal entry in GL , AP AND IN OTHER MODULES

1 Answers   Ramco,

How you will transfer payables to general ledger?

7 Answers   HCL, IBM, TCS,

In GL Module When does the GL_BALANCES Table Hit ?

4 Answers   Satyam,

what is commitment (Warranty invoice) in AR?

2 Answers   Ernst Young,

Use of recurring invoice?

2 Answers  

Supplier send Material to company as on year end I.e. 31 st march. Company recd the material at store . but invoice not came with material as on 31 st march can company add martial in stock ? what is the entry in stoke and what is the liability to supplier in oracle apps

2 Answers   Yash Technologies,

What is ment by retire asset? How do we retire assets in Oracle applications?

2 Answers  

What are the mondatory steps for Receivable module before entering transactions ?

5 Answers   HCL,

Briefly list the steps for foreign currency journals?

2 Answers  

What is difference between match and quick match?

3 Answers   Genesis,