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Consolidationistheperiodendprocessofcombiningthefinancialresultsofseparatesubsidiarieswith

theparentcompanytoformasingle,combinedstatementoffinancialresults.Clientscanconsolidate
anynumberofsubsidiariesthatusedifferentSOBsandhavingdifferentCOA,currenciesandcalendars.
GLConsolidationToolsTherearebasicallytwoconsolidationtoolswhichcanbeusedforconsolidation
withinOracleGL.
1.FinancialsStatementGenerator(FSG)Usedforconsolidatingfinancialinformationforbusinesses
usingasingleSOBorusingdifferentSOBthatsharethesamecalendarandCOA.
2.GlobalConsolidationSystem(GCS)GCSisamultisourceconsolidationsolutionthatcanaccumulate
informationfromdiversefinancialsystems,geographiclocations,includingOracleandnonOracle
Applications.WithGCSonecanconsolidatedatafrommultipleSOBs,multipleinstancesandnonOracle
applications.
WhatCanBeConsolidated?WithGCS,onecanconsolidateanybusinessdimensionatanylevelof
detailfromanypointofview:
1.AnySource:Datafromanysourcesystem,includingledger,databases,orotheraccountingsystems
canbeconsolidated
2.AnyChartofAccounts:SubsidiariescanuseseparateCOAfromtheparenttoaddressunique
operationalaccountingpracticesandmeetlocalstatutoryrequirements.GCSenablesyoutoconsolidate
acrossdiversechartsofaccounts.
3.AnyCalendar:Subsidiariescanusedifferentaccountingcalendarsfromtheparent.GCSenablesyou
toconsolidateacrosscalendars.
4.AnyCurrency:Subsidiariescanuseafunctionalcurrencywhichdiffersfromthefunctionalcurrency
oftheparent.GCSrevaluesandtranslatesallsubsidiarybalancestoensureconsistentconsolidated
results.
5.AnyLevelofDetail:Consolidatedetailtransactions,detailbalancesandsummarybalances.
6.AnyBalanceType:Consolidateanybalancetypeincludingactual,average,translated,budget,and
statisticalbalances.
ImplementationConsiderations
DoallsubsidiariessharethesameSOB?Ifyes,thenFSGcanbeusedtomeettherequirement.
DoallsubsidiarieshavedifferentSOB?Ifyes,then:
TheysharethesameCOAandcalendarUseFSG
TheyresideinthesameinstanceUseFSG