All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany
accounting.
What is Oracle’s recommended approach to performing consolidations?
A.
Define multiple ledgers for consolidation and report on ledger set.
B.
Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different
subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
C.
Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate
balancing segment in the parent ledger.
D.
Use Oracle Hyperion Financial Management for this type of complex consolidation.
Yes Option B is correct.
If your subsidiaries all share the same ledger with the parent company or they share the same chart of accounts and calendar, and all reside on the same applications instance, you can consolidate financial results in Oracle Fusion General Ledger in a single ledger. Use Oracle Fusion Financial Reporting functionality to produce individual entity reports by balancing segments. General Ledger has three balancing segments that can be combined to provide detailed reporting for each legal entity and then rolled up to provide consolidated financial statements.
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20374/F484499AN1B4D4.htm
I agree!
B. is correct.
Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
B is the correct answer
Since there no need to create a CoA mapping and there is no interest in other companies, Financial Reporting is enough
Agree, B is the correct answer.