ABC Company in the United Kingdom has three subsidiaries in three different countries. It
consolidates the accounts of all subsidiaries and the headquarters by using the average balances.
John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate
for the current month. On completion of the consolidation, John was not able to tally the
consolidated figures with the ledgers. Select two reasons why John failed to see the correct
balances. (Choose two.)
A.
Posting of the consolidation journals may have failed.
B.
He forgot to add the priorperiods consolidation in the current period.
C.
Manual adjustment needed after every consolidation was not performed.
D.
John may not have reversed the priorperiods consolidation in the current period.