Legal Consolidation

[Former Member]

Hi All,

In Legal consolidation, there will be balance sheet and income statement. These items are different by nature. For example, we do not need flow dimension for income statement but we need the flow dimension for balance sheet. Also, the data entry method for income statement is usually by period while balance sheet is cummulative.

What is the common practice for legal consolidation? Do we need to create 2 models (one for income statement and the other one for balance sheet)? 

Thank you.

[Former Member · Accepted solution]

Hi

We differentiate income statement and balance sheet member through ACCTYPE properties.The account member value shown in report base on there ACCTYPE properties.So there is no need to create two model.

Khokan

[Former Member · Accepted solution]

How about the input form? Will it be automatically stored in the database based on ACCTYPE?

Means if it is EXP/REV, whatever number that is entered in the input form will be considered as period value?

[Former Member · Accepted solution]

Hi,

Yes,BW stored the value automatically in data base based on ACCTYPE properties.Like properties INC and LEQ cumulative store with negative value where AST and EXP are none cumulative store with positive value in the data base.Normally you cant't see the changes in report or input schedule,.Changes can only reflect in TOTAL TIME section.In Periodic (EXP/INC) entry it calculate  each month entry and post the post the value to total section, whereas balance sheet post only December value to the total section.It's standard behaviour of the product.

Have a look on this document then it will more clear to you.

Khokan