Date post: | 13-Jun-2015 |
Category: |
Documents |
Upload: | nareshksahu |
View: | 34 times |
Download: | 0 times |
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