Any Balance Type: Consolidate any balance type; including actual, average, translated, budget, and statistical balances.•Do all subsidiaries share the same SOB?If yes, then FSG can be used to meet the requirement.•Do all subsidiaries have different SOB?GCS can be use to map values from old COA to new COA and balances from old SOB can be transferred to new set of books.2.
Any Source: Data from any source system, including ledger, databases, or other accounting systems can be consolidated2.
Any Chart of Accounts: Subsidiaries can use separate COA from the parent to address unique operational accounting practices and meet local statutory requirements.
Overlay Mode was first introduced in Outlook 2007 after Outlook 2003 introduced Side-by-Side Calendars.
Side-by-Side Calendars is the feature which lets you select multiple Calendars when you are in the Calendar Navigation (CTRL 2) simply by clicking the checkbox in front of the Calendar.
Other consolidation methods include Financial Consolidation Hub (FCH) and use of Hyperion cubes to generate Consolidated reports.
- is the period–end process of combining the financial results of separate subsidiaries with the parent company to form a single, combined statement of financial results.Consolidation is the period-end process of combining the financial results of separate subsidiaries with the parent company to form a single, combined statement of financial results.The Global Consolidation System (GCS) provides the flexibility to help you manage your consolidation needs regardless of your company structure.GCS enables you to consolidate across diverse charts of accounts.3.Any Calendar: Subsidiaries can use different accounting calendars from the parent. Any Currency: Subsidiaries can use a functional currency which differs from the functional currency of the parent.Overlay Mode is the feature where you can actually place these Calendar “on top of each other” to create a aggregated view which looks like a single Calendar.