Implementation Options
The consolidation you choose depends upon how many sets of books you use to satisfy the requirements of your global accounting operation.
1. Accounting Operations Using a Single Set of Books
If your subsidiaries all share the same set of books with the parent company and all reside on the same applications instance, you can consolidate financial results using the Financial Statement Generator reporting engine.
2. Accounting Operations Using Multiple Sets of Books - Single Applications Instance
If you have some subsidiaries that use their own set of books, you must perform a data transfer consolidation using the Global Consolidation System to manage your consolidation process.
3. Accounting Operations Using Multiple Sets of Books - Multiple Applications Instances
If your subsidiaries manage their accounting operations using Oracle applications and different sets of books on separate instances, you can transfer consolidation data using the Global Consolidation System to manage your consolidation process. You do this through your corporate intranet using Cross Instance Data Transfer
Consolidation Process Steps
Every company must complete common consolidation steps in order to consolidate financial results. The following table details each consolidation implementation option:
The consolidation you choose depends upon how many sets of books you use to satisfy the requirements of your global accounting operation.
1. Accounting Operations Using a Single Set of Books
If your subsidiaries all share the same set of books with the parent company and all reside on the same applications instance, you can consolidate financial results using the Financial Statement Generator reporting engine.
2. Accounting Operations Using Multiple Sets of Books - Single Applications Instance
If you have some subsidiaries that use their own set of books, you must perform a data transfer consolidation using the Global Consolidation System to manage your consolidation process.
3. Accounting Operations Using Multiple Sets of Books - Multiple Applications Instances
If your subsidiaries manage their accounting operations using Oracle applications and different sets of books on separate instances, you can transfer consolidation data using the Global Consolidation System to manage your consolidation process. You do this through your corporate intranet using Cross Instance Data Transfer
Consolidation Process Steps
Every company must complete common consolidation steps in order to consolidate financial results. The following table details each consolidation implementation option:
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