Which application is responsible for controlling consolidation-unit-level reconciliation?

• A. Financial Statement Analysis
• B. Group Reporting Config
• C. Balance Sheet Reporting
• D. Intercompany Transactions Report

Answer: (B)

The application responsible for controlling consolidation-unit-level reconciliation is Group Reporting Config. This module is specifically designed to facilitate the consolidation processes necessary for financial reporting on a group level. In the context of intercompany matching and reconciliation, it allows users to set up consolidation units, define intercompany relationships, and manage the reconciliation of transactions between those units effectively.

By utilizing Group Reporting Config, organizations can ensure that financial data across various subsidiaries aligns correctly, which is critical for accurate financial statements. This functionality helps in identifying discrepancies, enabling companies to perform reconciliations that uphold financial integrity during the consolidation process.

Other options, while related to financial analysis or reporting, do not specifically focus on the control of reconciliation at the consolidation unit level. Financial Statement Analysis delves into the evaluation of financial reports, Balance Sheet Reporting deals with the presentation of financial position, and Intercompany Transactions Reports assist in tracking transactions but do not govern the overall reconciliation mechanisms as Group Reporting Config does.