Consolidation

Duration: 2 days (2.5 days for APAC)
Audience: System Administrators, Consolidators
Prerequisites: Foundation & Reporting.
Recommended: Basic Knowledge of Financial Consolidation.

Objectives: This training course covers the skills necessary to implement a full basic consolidation process. This course covers standard consolidation- related features such as Intercompany Reconciliation, Accounting Standard Principles and typical consolidation methods.

Topics:

1. Contributor Overview:
1. a. Original data collection.
2. b. Entity Journals.
3. c. Submission/Approval process.
2. Basic Administration overview:
1. a. Data Model configuration
2. b. Data collection/Consolidation Process configuration.
3. c. Consolidation Scenario and Consolidation scope.
3. Consolidator data processing setup:
1. a. Automated Elimination Logics
2. b. Ownership structure register management
3. c. Minorities Interests calculation
4. d. Currency Conversion
5. e. Equity Evaluation
6. f. Validation Rules.
4. Consolidator duties:
1. Consolidator duties on Original Scenario.
2. Consolidator duties on Consolidation Scenario
3. Data Analysis.
5. Tips & Techniques and Best Practices.