Consolidation Dimension
Return to Financial Consolidation Model Overview.
The Consolidation dimension contains the elements that represent the steps of the consolidation process. You can see these steps below:
Element | Description |
Local GAAP | Figures from separate financial statements according to general accepted accounting principles are imported into the the Local GAAP element. |
Adjustment 1 | This element contains late adjustments to the local GAAP values. Reasons for such adjustments can be time constraints or process limitations in the data collection process or the compensation of accruals and deferrals. |
Transition | This element contains transitions from the local GAAP (the reporting standards used by the individual legal entity) to the group GAAP (the reporting standards used by the group or subgroup) . |
Group GAAP | Reported figures once adjustments and transitions are accounted for. |
Correction | Corrections to disclose unrealized reserves and losses and the depreciation thereof. |
Group GAAP Corrected | Group GAAP after the corrections for unrealized reserves and losses are accounted for. The values on this level are used for the intercompany reconciliation. |
Adjustment Consolidation Method | This element contains adjustments for consolidation methods:
This element is populated automatically during the Consolidation procedure. |
Combined Financial Statement (Calculated) |
All the above elements aggregated. After conversion into the group currency and aggregation of all entities these values represent the combined financial statement. |
When the consolidation is run, the results from the Combined Financial Statement (calculated)
in the group currency are transferred to the report, then further run through the consolidation rules, which are outlined below:
Combined Financial Statement |
This element represents the result of the preparation phase and the beginning of the consolidation phase. Basically the figures are a physical copy of the |
C | Capital Consolidation: The group of any consolidation measures on investments and equity. |
D | Debt Consolidation: The group of any consolidation measures on assets and liabilities. |
I | Elimination of Unrealized Profit on Inventory: The group of any consolidation measures on inventory accounts including an unrealized internal profit. |
S | Expenses and Income Consolidation: The group of any consolidation measures on income and expenses, including dividends. |
M | Manual Consolidation Bookings: Users can choose to store manual consolidation journal entries in this group (to separate these from automated journal entries) or store the manual journal entries in on of the other groups and leave this element unused. |
All Consolidations | The aggregated value of all consolidation measures. |
Consolidated | The Consolidated Financial Statement figures consisting of the Combined Financial Statement and all consolidation measures. |
Adjustment 2 | This element contains adjustments of the Combined Financial Statement. |
Consolidated Adjusted | The final Consolidated Financial Statement, including the adjustments. |
Attributes
The Consolidation Dimension elements can be configured through their attributes:
Attribute | Definition |
Name |
Readable name of the partner entity, visible in the report. Localized translations can be provided. There is no hard-coded behavior implemented upon this name. (string) |
ID_Name |
Combination of the element name, a dash (“ – “), and the localized name attribute. (calculated, string) |
Journaled |
Numeric attribute with the following settings:
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Updated January 29, 2024