Consolidating multiple ledgers

We have a use case where we have 4 Legal Entities and a ledger(L1, L2, L3, L4) defined for each legal entity. Journals from L1, and L2 need to be consolidated to a consolidated ledger CL1, and journals from L3, and L4 to another consolidated ledger CL2. Once this first level of consolidation is complete, the journals from consolidated ledgers CL1, CL2 need to be consolidated to another consolidated ledger CL3.

In the above setup, all the ledgers have the same accounting structure setup and have the same calendar, but different primary currencies.

• Can multiple consolidations be setup and achieved in r12