Consolidation is a period-end process of combining the financial results of separate subsidiaries with the parent organization to form a single, combined statement of financial results. Check the Consolidation in Oracle Fusion.

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Consolidation in Oracle Fusion

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Globalization is on the rise and so are
mergers and acquisitions. In the current
business scenario, the major problem
faced by business giants is with
consolidated financial reporting of the
enterprise. Each growing enterprise would
have some or all the following kinds of
subsidiary companies whose financial
information needs to be consolidated into
the parent.
Introduction

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Types of Consolidation:
1.Reporting Only Consolidations: used
when subsidiaries and the corporate
ledger share the same chart of accounts
and calendar.
2.Balance Transfer Consolidations: This
type of Consolidation is used when
subsidiaries and the corporate ledger
have either or not different charts of
accounts and calendars.
3.Financial Management
Consolidations: If there are complex
factors in financial consolidation
requirements like:

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Consolidation in Oracle Fusion supports 2 balance transfer methods: first, when the balance
data is transferred from a primary ledger to a balance-level secondary ledger assigned to it,
and second when the balance data is transferred from one ledger to another without a
predefined relationship.

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Conclusion
Jade Global is one of the few
implementation partners who has the
required expertise and experience in
implementing end-to-end Oracle ERP
cloud managing all business processes
that includes Oracle Fusion
Financials cloud and SCM cloud. Our
consolidation in Oracle Fusion Cloud
practice is rightly based on Oracle
standards, which helps us in providing
top-notch solutions to our clients.

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