All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts, and/or accounting calendar and currency.
There is no minority interest or partial ownerships.
What is Oracle’s recommended approach to performing consolidations?
A.
Use Oracle Hyperion Financial Management for this type of complex consolidation.
B.
Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate
consolidation ledger using the balance transfer program.
C.
Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger’s Financial Reporting functionality to produce
consolidated reports by balancing segment where each report represents a different subsidiary.
D.
Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination
ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
Explanation:
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e20374/F1021769AN39317.htm
it s more B ?
B ,The correct Answer
BAKR Reference: If multiple subsidiaries and the corporate ledger do not share the same chart of accounts and calendar, use the Balance Transfer Consolidation method and the reporting solutions, including Financial Reporting, Smart View, online inquiry, Oracle Business Intelligence (BI) Publisher, and Oracle Fusion Transactional Business Intelligence (Oracle Fusion Transactional BI).
With the Balances Transfer Consolidation method, perform the following tasks:
-Translate balances to the corporate currency for ledgers not in the corporate currency.
-Create a chart of accounts mapping to map subsidiaries account values to the corporate chart of accounts.
-Transfer balances from the subsidiaries to the corporate consolidation ledger using. Run the Transfer Balances Cross Ledgers process that transfers between any source and target ledger pair or the Balance Transfer process for Balance Level secondary ledgers. In the parameters, select:
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B is correct.
•Balance Transfer Consolidations: If your subsidiaries and your corporate ledger have either or both different charts of accounts and different calendars.
•Reporting Only Consolidations: If your subsidiaries and your corporate ledger share the same chart of accounts and calendar.
•Financial Management Consolidations: If there are complex factors in your financial consolidation requirements such as:
◦Complex company structures such as joint ventures, minority interest holdings, partially or fully owned subsidiaries.
◦Multiple heterogeneous systems including non general ledger data sources that are required to support non-financial or industry specific metrics, disclosures, and footnote schedules.
B ,The correct Answer
I agree ! B is the correct answer.
Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program.
I agree B is the correct answer
I think A
A is Wrong, HFN is used only for complex financial consolidation and reporting where multiple ERP or GL instances are used
B is the correct answer