The process of gathering data from dependent entities and aggregating the data up to parent entities After you enter or load data into dependent child entities, you perform a consolidation to aggregate the data through the organization As data consolidates, intercompany processing, conversion methods, equity adjustments, and minority ownerships perform calculations on the data For example, if the dimension Year consists of the members Qtr1, Qtr2, Qtr3, and Qtr4, its consolidation is Year The terms aggregate and roll-up also describe the consolidation process
To consolidate a number of small groups or firms means to make them into one large organization. Judge Charles Schwartz is giving the state 60 days to disband and consolidate Louisiana's four higher education boards
As a financial term, used to refer to complex aggregations involving intra-company eliminations (to avoid double counting) and frequently currency translations as well
If you consolidate something that you have, for example power or success, you strengthen it so that it becomes more effective or secure. Brydon's team-mate Martin Williamson consolidated his lead in the National League when he won the latest round
make firm or secure; strengthen; "consolidate one's gains"; "consolidate one's hold on first place" make or form into a solid or hardened mass; "consolidate fibers into boards" form into a solid mass or whole; "The mud had consolidated overnight" unite into one; "The companies consolidated" bring together into a single whole or system; "The town and county schools are being consolidated