Global Consolidation System in R12 General Ledger

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
PraveenPotte
Posts: 2
Joined: Sat Sep 29, 2007 1:17 am
Location: India

Global Consolidation System in R12 General Ledger

Post by PraveenPotte »

need help for Global Consolidation System in R12 General Ledger
immu aslan

Re: Global Consolidation System in R12 General Ledger

Post by immu aslan »

Global Consolidation System
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. The Global Consolidation System (GCS) provides the flexibility to help you manage your consolidation needs regardless of your company structure.


What You Can Consolidate
With GCS, you can consolidate any business dimension at any level of detail from any point of view:
Any Source: Data from any source system, including ledger, databases, Oracle and non-Oracle applications can be consolidated with GCS. For Oracle Applications, use Cross Instance Data Transfer to transfer consolidation data to your parent on a remote instance. For non-Oracle applications use a customizable spreadsheet front-end or the open consolidation interface to upload your data into GCS.
Any Chart of Accounts: Subsidiaries can use separate chart of accounts from the parent to address unique operational accounting practices and meet local statutory requirements. GCS enables you to consolidate across diverse charts of accounts.
Any Calendar: Subsidiaries can use different accounting calendars from the parent. GCS enables you to consolidate across calendars.
Any Currency: Subsidiaries can use a ledger currency which differs from the parent’s ledger currency. GCS revalues and translates all subsidiary balances to ensure consistent consolidated results.
Any Level of Detail: Consolidate detail transactions, detail balances, and summary balances.
• Consolidate transactions when you want the convenience of accessing detailed information in the consolidated ledger and the ability to perform incremental updates to consolidated balances.
• Consolidate balances when you want the flexibility to transfer account details for only selected accounts.
• Consolidate summary balances when you only want to transfer aggregated account balances to the consolidated ledger. This method requires fewer resources and enhances processing performance.
Any Balance Type: Consolidate any balance type; including actual, average, translated, budget, and statistical balances.
Post Reply

Who is online

Users browsing this forum: No registered users and 2 guests