Do I have to set up consolidation app?

Gurus,
If I have a group of companies that are 100 % owned by the parent, do i have to set up legal consolidation app or i can get by using Financial app type using Intercompany Elimination? Please advise.
Thanks.
Matt

Hi Matt,
US Elimination rules should work fine for your scenario assuming that all you want to do is eliminate 100% of inter-company activity at the parent level. Your financials and master data must be formatted exactly as specified by the US Elimination rules logic (inter-company activity has the inter-co dimension populated, and your entity, interco, and account dimensions are set up properly, including the use of elimination entities under the parents you want to have an eliminated view).
Assuming you can meet the setup requirements, you should be in good shape.
Ethan

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Do I have to set up consolidation app?

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