Understanding Consolidated Financial Statements
You can design and generate consolidated financial statements using the OVFS feature. To have the system generate a consolidated statement, you must use this setup:
Select OBJ (Object Account) or OBJ and SUB (Subsidiary) for all data with grouping element row definitions in the statement definition.
Enter a value in the Based on Business Unit field in the version that you use to generate the consolidated statement.
The system uses the business unit along with the object account, and the subsidiary if Subsidiary is a grouping element, to retrieve account information such as level of detail and description. The information retrieved can be placed in the financial statement layout.
As with all types of financial statements, to roll up the accounts to a specific level of detail, select the Enable Level of Detail Rollup check box in the row definition, and then specify the level of detail in the version that you run. Select the Return Description check box to have the system retrieve the account description.