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2 Replies Latest reply: Nov 18, 2012 3:16 AM by Sarilla RSS

What is meant by Net ICP in HFM

Sarilla Newbie
Currently Being Moderated
Hi All

What is meant by Net ICP in HFM? How we will get it? Which member you need to call to get Net ICP?

regards
Sarilla
  • 1. Re: What is meant by Net ICP in HFM
    KostasN. Expert
    Currently Being Moderated
    Hi,
    Accounts like receivables (or payables), may contain amounts due from (or to) related parties (like other companies belonging to the same group), as well as other third party debtors (or creditors). We usually brake the total amount of such accounts by utilizing the ICP dimension. The 3rd party part of the account balance goes to the [ICP None] member and the related party balances go to the proper ICP member of the same dimension. Then the total balance of the account is summarized in the [ICP Top] member, which may be viewed as the "Gross" account amount. Then the amount "Net of ICPs" is the one excluding all intercompany partner amounts -i.e. the amount in [ICP None].

    --Kostas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
  • 2. Re: What is meant by Net ICP in HFM
    Sarilla Newbie
    Currently Being Moderated
    Hi Kostas

    Thanks for your information.

    regards
    Sarilla

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