19Running Consolidations

Objectives

After completing this lesson, you should be able to:

• Describe the consolidation process

• Translate financial data into another currency

• Consolidate children by percentages

• Set up Organization by Period

• Consolidate data

Loadand add data

Calculate data

Translate &consolidate

Approve dataLock dataRun and publish financial reports

Financial Management Business Process

Adjust data

Consolidation Overview

Consolidated datafor Connecticut entity

NetProfit

Administration East 6000

Marketing East 5000

Development 4000

EastSales 5000

Connecticut 20000

California

US

Consolidation Process

Processes:

• Run calculation

• Perform currency translations

• Apply ownership percentages

• Eliminate intercompany balances

Connecticut

Consolidation and the Value Dimension

[Contribution Total]

[Contribution] [Contribution Adjs]

[Proportion] [Elimination]

[Parent Total]

[Parent Adjs][Parent]

<Parent Currency Total>

<Parent Curr Adjs><Parent Currency>

<Entity Currency Total>

<Entity Currency Adjs><Entity Currency>

Checking Calculation Status

Translating Data

Geographical

Europe Parent Currency = USD

Entity Currency = EUR

Entity Currency = USD

USD

EUR

Entering Exchange Rates

Exchange rate account

The custom dimensions contain system-defined currency members.In this example, Custom1 is the source currency and Custom2 is the destination currency.

Translating Data in Data Grids

Select translateto translate data to the currency shown inthe POV bar.

Entities with a currency different from the one shown in the POV bar show a status of TR or TR ND until the data is translated.

Consolidating Children by Percentages

Sample Organization Ownership Structure

50%

Geographical

Connecticut France

East Sales

100% 100%

100% 90%

80%

United States Europe

California Italy

Plant 1 Plant 2

Ownership Management

System account for consolidation percentage

About Manage Equity Pickup

Setting Up Organization by Period

Use the Ownership Management page to specify the active status.

Consolidating Data

Summary

In this lesson, you should have learned to:

• Describe the consolidation process

• Translate financial data into another currency

• Consolidate children by percentages

• Set up Organization by Period

• Consolidate data