vijay

• Mar 16th, 2006

 

It Consolidates the Subsidaries & Parent financial information. At a point of time we can check the Performance of the Companies overall Performance.

Chitti Babu

• Mar 27th, 2006

 

When we have multiple setup and combine primary and secondary books getting the financial reports is called consolidation

 

We will use consolidation reports at the time of period end closing

Regards

D.Chitti Babu

 

vasan_kali

 Profile Answers by vasan_kali 

• May 18th, 2006

 

Consolidation is the Process of combining the Financial results of different companies typically combining subsidiary accounting information into a parent company.The main purpose of consolidation is for reporting purpose.

Thanks

K V Srinivasan.

reddymahipal

• Jul 25th, 2006

 

Consolidation is the period-end process of combing the financials of separate subsidiary with the pay rent company to from single ,combine statement of final result  

sumalatha

• Jan 2nd, 2007

 

consolidation is one of the reporting tool.consolidation may map the subsidiary set of books to parent set of books, even if the set of books values are different using segment rule,accounting rule

t_dheerajsingh

 Profile Answers by t_dheerajsingh 

• Feb 13th, 2007

 

It is the process of combining the financial results of multiple companies into one financial statement

ramasrith

• Mar 1st, 2007

 

the company may have different sobs in different countries,so we will collect all the financialtransactions(sob) in to one set of book ,that is parent sob then the company easely findout all the finacial year endingresullts in their functional curency,that purpose multiple companies are using consolidation

saikrishna

• Sep 16th, 2007

 

I think consolidation can be done with two ways that is FSG, GCS  for FSG it can be done when both parent SOB and Subsidary SOB have Currency, Calender, COA, same then we go for FSG.

In Global consolidation System currency, coa, calender are different in parent sob and subsidary sob we have to go for GCS.

I am Saikrishna actaully I am pursuing my oracle financials in hyd i just completed one of my module GL institute.

Spice

 Profile Answers by Spice 

• Dec 10th, 2007

 

Consolidation is 'consolidating different books' into the parent company to get a final pictrue of all subsidary and parent companies put to gether. It may be noted that the currency, coa and calender can be different with these sobs

viren56

 Profile Answers by viren56 

• Oct 20th, 2011

 

Consolidation means : merging the financial data of all subsidiary ledgers(SOBs) into one Parent SOB.
STEPS:
1. Run 'Translation' if the subsidiary SOBs have different currency than parent.
2. Define consolidation mapping rules: a) Segment rule -- when COA of subsidiary and Parents are same
b) Account rule -- when COA structure are different
3.Run 'Consolidation transfer' program
4. Go to parent SOB now and You can run your desired reports.