Consolidation

[saibaba]

what is meant by consolidation & process?

[ajeeshmb]

Hi Saibaba

Consolidation means a set of book into which you consolidate the financial results of multiple companies. You can consolidate actual, average, translated, budget, and statistical balances.

Functional Steps

1. Define Consolidation Accounting Classification Code Structure
2. Map Data.
3. Prepare Subsidiary Data.
4. Transfer Data.
5. Combine Consolidation Data.
6. Create Eliminating Entries.
7. Report on Consolidated Balances.
8. Analyze Consolidated Data.

[m.a.raju1981]

hi,
1.conslidation
2.globle consolidation

1.consolidation is merging the data from 'subsidary set of books' to
to 'parent set of books'. both subsidary and parent set of book should have same chart of accounts,calendar,currency then only consolidation works.
a. assign the two set of books to two diffarent users
b. go to susidary set of books and define the mapping(in mapping u have to give name's of parent,subsidary books,then mention the method of transfer (navigation is consoldation -define- mapping)
c. now u can transwer the data from sub set of books to parent set of books (navigatio =setup-transfer -data)
f. go to parent set of books and quiery the transfered journals


2.globle consolidation--it is also like consoldation but we use differnt chat of accounts, calendar, currency in both set of books

but i don't know how Globle consoldation works if u find anything about this please send me