Components of the Consolidation Process

Consolidations are made up of four elements: data, scopes, rules, and process.

Term	Definition
Data	Ledger data is entered and posted through daily journal processing. Data also includes specifying which ledger to use during Consolidations for each business unit. Detail ledgers, as well as summary ledgers, can be used as the basis for consolidation. Ledgers outside of the General Ledger database can be loaded into the database for processing.
Scopes	Scopes define which business units are included during the consolidation process and how consolidation entries are created. Scopes are created using consolidation trees and elimination units.
Rules	Rules determine which ledger entries are identified and eliminated by defining elimination and minority interest sets. These are used in defining the consolidation set that specifies the elimination and minority interest sets to apply.
Process	Based on defined rules and scopes, the Consolidations background process generates consolidating journals and calculation log entries from source ledger data. New entries to the Ledger table are used to generate consolidated reports. The Undo feature enables you to reprocess consolidation as many times as necessary.