Define Company Relationship

Explanation

Use this activity to define the relationships between a parent company and its subsidiaries.

Prerequisites

Before connecting the subsidiary to the parent company, the following must have been completed:

• The subsidiary must exist in IFS Financials.
• The code part for the consolidation must be defined for the parent company.
• The code part value for the subsidiary must be defined in the code part for consolidation in the parent company.

System Effects

As a result of this activity, the code parts in the subsidiary can be connected to the code parts in the parent company.

Window

 Company Relationships

Related Window Descriptions

 Company Relationship

Procedure

1. Open the Company Relationships window.
2. Create a new record.
3. Use the List of Values to enter the subsidiary company's ID in the Subsidiary Company field. The description for the selected company and the currency code used by the subsidiary will be automatically populated by the system in the relevant fields.
4. Use the List of Values to enter the parent company of the subsidiary in the Parent Company field. The description for the selected company and the currency code used by the company will be automatically populated by the system in the relevant fields.
5. Use the List of Values to specify the code part value used for consolidation in the parent company. The description for the code part value will be automatically populated.
6. Select the source used by the company for consolidation from the Consolidation Source list.
7. You can enter the path to which the consolidated files should be saved.
8. Save the information.