Oracle Intercompany Elimination Process

[@MohitKumarTomar]

Very much explanatory and detailed information about elimination process

[@OracleEbizandFusionVideos]

Thanks

[@anshcx5]

Thanks a lot Arvind! Could you also make a video on how I/C Elimination happens in Fusion cloud please?

[@shaileshverma3850]

Thanks for helping us by uploading such Informative materials. It really helpful. One of gr8 thing is that you make short videos and it saves lot of time. Thanks again Boss!

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@sanjaypriyadarshi]

very good explanation with live examples

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@kgsure]

Thank you so much! Very clear presentation.

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@kirankumarkottakota3414]

nice & simple explanation

[@OracleEbizandFusionVideos]

Thanks for your feedback

[@azadsable2527]

Thanks, Arvind, can we have a cloud version of it also...

[@OracleEbizandFusionVideos]

Sure

[@hassanali8329]

Please start Oracle Discrete Manufacturing complete training videos

[@OracleEbizandFusionVideos]

I will try after completing all topics in finance modules both ebs and cloud

[@achafeez]

why we need elimination process. Ever year we eliminate balance in any dummy company then where this balance goes.

[@Rockie_Vzg]

Why we transfer to Dummy company,?? Why not reverse the same entries with the same company code... Is this possible, pls let me know???

[@furqankamran2778]

Can you explain whats the use of the intercompany segment?

[@OracleEbizandFusionVideos]

Refer the below video in my channel which will explain the concept of intercompany and intracompany concept kzbin.info/www/bejne/r6O0pIagZtuboqM

[@maruthigaddamidi5929]

Please share me fusion elimination process And how to add source account and target account Please

[@maruthigaddamidi5929]

In fusion R13 20B

[@anandasoly6456]

Thanks for the explanation. One doubt ,Should we be not considering intercompany revenue account and expense account also for elimination?. Can you please do a video how this will achieved in fusion. Thanks for you efforts

[@OracleEbizandFusionVideos]

Hi Soly, Yes, intercompany revenue and intercompany expense account can aslo be considered for elimination... Its all depends upon the business requirement as to which accounts to be eliminated... Yes, i will try to create similar video on fusion as well

[@anandasoly6456]

@@OracleEbizandFusionVideosThanks for your response. Appreciate your efforts

[@ajitkumarsamendla5464]

Hi, Could you please clarify my doubt, Is it mandatory to create a dummy BSV value for elemination entry. Thanks in advance

[@OracleEbizandFusionVideos]

I have seen most of the clients create dummy BSV for elimination entry, even though in the Elimination template assigning of BSV is not mandatory

[@PawanKumar-ez8lt]

Hi Arivind, Can you please share a video on TAD to get multiple IC receivable and payable accounts?

[@OracleEbizandFusionVideos]

Sure. Stay tuned to my channel

[@OracleEbizandFusionVideos]

Hi Pavan, Created Video on AGIS TAD. Refer below link kzbin.info/www/bejne/oHq3oqSCoMaBf9k

[@danishjamali5998]

Hi Aravind, How can we create an eliminating entity. Do we need to create a new legal entity for Eliminating process? And if there is any Variance in Intercompany , let say 10000 Int. Receivable and 8000 rs Int. Payable, Then how the journal will be created. Thanks

[@OracleEbizandFusionVideos]

Elimination entity is a company code which you can assign at ledger level and hence no need to create any legal entity

[@raghuraghu-hi7qm]

U explained elimination intercompany but seems u Didn't tell why we have to eliminate.could u pls explain.

[@OracleEbizandFusionVideos]

Elimination process eliminates the sale of goods or services from one entity to another entity within the group. This means that the related revenues, cost of goods sold, and profits are all eliminated. The reason for these eliminations is that a company cannot recognize revenue from sales to itself; all sales must be to external entities