Consolidation

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Delivery: every course can be offered as Live or Remote event. Due to Covid-19 emergency most of the delivery will be done remotely, please contact your local training manager for confirmation.
Audience: Administrators, Implementers and Consolidators
Prerequisites: Data Model, Output Reporting and Data Collection
Recommended: Basic Knowledge of Financial Consolidation

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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.

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Topics:

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