This activity is used to analyze details which are the result of different steps which take place during the Group Consolidation process. Balances will only be displayed in this page when the income statement period rates option has been selected on the balance version.
The transaction types generated from the different steps of the consolidation
process are:
Translated Balance: The result of a currency conversion
between the node and the consolidated sub level node/reporting entity for the
row. The currency conversion is performed by using currency rates from the currency
rate types defined for the balance version connected to the structure in the
Consolidation Status page. If the node currency is the same as the currency
of the consolidated node/reporting entity, all consolidated balances will still
get this transaction type.
Ownership Elimination: The balance adjustments due to a not fully controlled reporting entity or node. This transaction type only occurs when the Equity Minority or Proportional consolidation methods are used.
Profit Elimination: The profit adjustments due to a not fully controlled reporting entity or node. It represents the profit or loss owed to the non-controlling interest when the Equity Majority consolidation method is used. Alternatively, it represents the profit or loss receivable when the Equity Minority consolidation method is used.
Intercompany Elimination: This type is used for eliminating intercompany transactions, as well as any remaining differences.
The following transaction types are generated based on the Acquisition Register page in order to post equity elimination transactions.
Equity Elimination - Amortization: This type is used to post amortization
transactions related to income statement and balance sheet.
Consolidated Balance: The total of all the above transaction types.
In order to perform this activity:
N/A