Transfer Separate Financial Statements to Subgroups and Group(s)
Return to Financial Consolidation Model Overview.
Data processing in the main cubes of the Financial Consolidation model (Profit and Loss, Balance Sheet, Cash Flow, etc.) begins with providing separate financial statements. This data originates presumably from a source system, e.g., the accounting application. This data is broken down by the legal entities, accounts, and other dimensions. However, this data is not specific to a particular scope of consolidation.
The Financial Consolidation model processes this data to one or multiple scopes of consolidation representing the total group and any subgroups for which a consolidated financial statement is required. These scopes are represented by elements of the Scope dimension. All these scopes are independent of one another, so all the elements of the Consolidation dimension contain values for a particular scope.
This article describes how scope-neutral separate financial statements are combined with the scope-specific data on subsequent consolidation levels. At first, the separate financial statements are captured on the Local GAAP element of the Consolidation dimension and the ~ - Not applicable scope. This data is automatically transferred to the individual scopes. A business rule implements this transfer.
Data on any subsequent step of the consolidation process is scope-specific, which means it is stored and aggregated on elements in the Scope dimension other than the ~ - Not applicable element.
The scope specific data can be provided manually, by custom procedures, or by the Financial Consolidation model. Some consolidation elements are populated directly, while others are posted through the Posting Journal. The following table provides an overview of the data origins.
| Consolidation base elements | Provided manually or by custom procedures | Provided by the Financial Consolidation model | |
| Local GAAP on 'Scope':'~' | Not journaled | Separate Financial Statements | T000 - Opening populated from the Bring Balances Forward procedure |
| Local GAAP on other scopes | Not journaled | (none) | Transferred separate financial statements |
| Adjustment 1 | Journaled | Manual journal entries including those initialized from permanent journal entries | Reused manual journal entries on additional versions, scopes and ledgers |
| Transition | Journaled | " | " |
| Correction | Journaled | " | " |
| Adjustment Consolidation Method | Not journaled | (none) | Populated from the consolidation procedure |
| Descendants of Adjustment Investment Register | Not journaled | (none) | " |
| Combined Financial Statement | Not journaled | (none) | " |
| C - Capital Consolidation | Journaled | Manual journal entries including those initialized from permanent journal entries | Duplicated capital consolidation journal entries, results from consolidation rules, reused manual journal entries on additional versions, scopes and ledgers |
| D - Debt Consolidation | Journaled | " | Results from consolidation rules, reused manual journal entries on additional versions, scopes and ledgers |
| I - Elimination of Unrealized Profit on Inventory | Journaled | " | " |
| S - Expenses and Income Consolidation | Journaled | " | " |
| M - Manual Consolidation Bookings | Journaled | " | Reused manual journal entries on additional versions, scopes and ledgers |
| Adjustment 2 | Not journaled | " | Reused manual journal entries on additional versions, scopes and ledgers |
Updated January 29, 2024