What's new in Customer Journeys?

Connect and learn more! ×
Configurable Consolidation rule and Standard Eliminations of FCCS — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Configurable Consolidation rule and Standard Eliminations of FCCS

Received Response
72
Views
6
Comments
edited Oct 17, 2019 2:46PM in Financial Consolidation and Close 6 comments

Content

Dear All,

I know FCCS has a "Periodic" engine. So I want to describe my "scenario" and my needs: I loaded data from HFM in "entity currency" for all my entities, I have also a dummy entity that reflects the consolidated Group Entity data from HFM. This one is the only entity that has a consolidation % of 100 and a consolidation method of Holding, so I can see the consolidated data on Total Geography. In this way I migrated all the historical data that I need and from now I have to consolidate using FCCS engine.

In this case I loaded all historical data from Jan 2018 until May 2019 with Consolidation % of 0, but I know that I have not Opening balance in Proportion, Elimination and Contribution. When I set up the Consolidation % at 100 in June I can see value now in the Consolidation dimension for all the entities but it considers only the periodic value of June because only in June the Consolidation % is 100%. Instead, I would like to have the YTD amount of June in Proportion, Elimination and Contribution, not only the periodic value. Is there a way to force the Configurable Consolidation rules or the standard elimination ICP to

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!