GL Consolidation Configuration: Test Pool (ML-Generated)

  1. For correct GL consolidation, some entities in the parent company and subsidiaries must have the same structure or a similar one. Select all entities for which this rule applies.
    • Financial year
    • Chart of accounts
    • Financial periods
    • Subaccounts
    • Branches
    • Periods
  2. Suppose that you are setting up a ledger in the subsidiary company from which data will be consolidated in the parent company. The base currency of the subsidiary is the same as the base currency of the parent company. What settings should this ledger have on the Ledgers form? Select all correct responses.
    • The ledger can have any type.
    • The ledger must have the Consolidation Source check box selected.
    • On the Companies tab, the ledger must have the needed consolidation unit added.
    • The ledger must have the Reporting type.
    • The ledger must have the Actual type.
  3. What form do you use to synchronize data between the consolidation unit and the parent company?
    • Consolidation
    • Import Consolidation Data
    • File Synchronization
  4. What actions should you perform in the parent company to configure it for GL consolidation? (Select all correct responses.)
    • On the Enable/Disable Features form, enabling the General Ledger Consolidation feature
    • On the Companies form, creating a subsidiary entity that represents the subsidiary company in the parent company
    • On the Company Financial Calendar form, opening the needed financial periods for the subsidiary company
    • On the Chart of Accounts form, mapping the accounts of the consolidation unit with the parent company