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First Consolidation / System Initialization

edited May 31, 2018 8:37AM in Financial Consolidation and Close 2 comments

Summary

Guidelines for first-time consolidation / System initialization

Content

Hello guys,

In every project, we need to initialize the system: suppose that the first year of consolidation is 2015 in out new FCCS, but the group exists since 1970, we want to get the correct consolidated closing balances in the last month of 2015 in the new system (equal to the one present in the old system). E.g. I don't want to eliminate the full amount of Retained Earnigns to Goodwill I filled it in the acquisition movement (given that the initialization is done using this movement), because part of that amount has been generated after the acquisition / foundation, but the

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