Consolidation

Explanation

This activity is used to carry out consolidation based on selected consolidation parameters for a selected node.

Prerequisites

In order to perform this activity:

• The consolidation structure for which the consolidation is to be performed should be open for the required period and balance version.
• The current user should have security access to consolidate the balances for the required combination of structure, structure node and balance version.
• If simulation balance version is used for consolidation, the current user should have security access for the required combination of structure, structure node, simulation balance version and the connected master balance version.

System Effects

As a result of this activity:

• Consolidated balances are created for the selected node.
• The consolidation status of the selected node is changed to Consolidated.

Window

Consolidation Status

Related Window Descriptions

Consolidation Status
Consolidate Balances

Procedure

To run the consolidation:

1. Open the Consolidation Status window and search for the required structure, balance version and period of consolidation. (Note: Search for the parameter combination of consolidation structure ID, balance version, period of consolidation and parallel consolidation structure ID in order to perform parallel consolidation process)
2. Right-click on the node for which the consolidation should be carried out, and click Consolidate Balances to open the Consolidate Balances dialog box.
3. Select the Awaiting Approval check box to include journals with the Awaiting Approval status in the balance consolidation.
4. Select the In Progress check box to include journals with the In Progress status in the balance consolidation.
5. Double click on the Notes check box if you want to enter notes for the consolidation.
6. Click OK.