Consolidation
Adding the companies up is not SUM(): translate, eliminate, take the minority’s share, and keep the arithmetic.
12 steps · 10 questions · 7 screens on this shelf
The screens on this shelf
Records
Consolidation Groups
A reporting entity that does not trade: a currency, a chart, a calendar and a set of member companies.
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Records
Group Members
How much of each member the group owns, and by which method. Above 50% you consolidate line by line; between 20 and 50 you take your share of the result and nothing else.
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Records
Group Chart of Accounts
The chart the group reports on. Two companies calling the same thing 6100 and 610000 is the normal case, not the exception.
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Account Mappings
How each entity’s accounts land on the group chart. A range maps as a block so a new account does not silently fall through.
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Records
Elimination Rules
What comes out again. A pattern rather than a posting, because a rule that has to be rewritten when a company adds an account is a rule that goes out of date silently.
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Consolidation Runs
The arithmetic, kept. Entity total, translation difference, eliminations, minority interest and the group figure — so the bridge reads on one line.
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Records
Consolidation Adjustments
An adjustment made at group level and nowhere else. A top-side adjustment is the classic fraud vector, so it carries a reason, an approver who is not the author, and a life.
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