Select Consolidation Parameters

Explanation

This activity is used to enter the consolidation parameters required to perform group consolidation and/or parallel consolidation. 

Prerequisites

In order to perform this activity,

• A consolidation structure of the Active status should exist for the relevant consolidation period.
• A parallel consolidation structure of the Active status should exist for the relevant consolidation period in addition to the above in the case of parallel consolidation. 

System Effects

As a result of this activity:

• A record combining the consolidation structure ID, balance version and the period of consolidation (and parallel structure ID in case of parallel consolidation) is created.
• A graphical representation of the consolidation structure as at the period of consolidation is made visible.
• The value of the Open/Close field is changed to Open.

Window

Consolidation Status

Related Window Descriptions

Consolidation Status

Procedure

To select consolidation parameters for consolidation process:

1. Open the Consolidation Status window and create a new record.
2. Enter the relevant structure ID in the Structure field. The List of Values can be used to select the required structure ID.
3. Enter the relevant consolidation period in the Year Period field. The List of Values can be used to select the required year period.
4. Enter the relevant balance version in the Balance Version field. The List of Values can be used to select the required balance version.
5. Select Generate Equity Elimination check box to generate equity elimination postings in the consolidation process by using the information in the Acquisition Register window.
6. Select Calculate Currency Effect check box to calculate the currency effect on consolidated balances. Asset, liability and statistics opening balance accounts marked with Calculate Currency Effect will be included in the calculation.
7. Save the information.

To select consolidation parameters for parallel consolidation process:

1. Perform steps 1-5 in the previous procedure.
2. Enter the relevant parallel structure ID in the Parallel Structure field. The List of Values can be used to select the required parallel structure ID.
3. Save the information.