Mega Elite Training Flashcards
Presentation 2: Consolidation Framework
Presentation 2: Consolidation Framework ME D01 P02 P.2
What are the three models required for consolidation?
Consolidation, Ownership, Rate, InterCompany (optional) ME D01 P02 P.2
What are the steps to creating a consolidation?
1 - create models 2 - Activate Business Rules & Script Logic 3 ME D01 P02 P.2
What are components to each delivered Consolidation Task?
process chain, script logic, business rule ME D01 P02 P.5
What are the delivered functionalities for consolidation?
Balance Carry Forward, Currency Conversion, InterCo Reconciliation, InterCo Balance, Legal Consolidation(elims & adjustment rules, Account Calculation/Transformation/(cash flow functioned), US widely used InterCo Elimination/US Elim rules ME D01 P02 P.5
What parameters must be set after creating an environment?
Set template version(current version for dynamic templates) & “change status” (offline or online) ME D01 P02 P.6
What are 6 purposes of a legal consolidation model?
SUMMARY: journal, TB, CarryFwd, DataControls, CurrConversion, Reporting
DETAIL: defines journal template, stores the initial (pre-consolidated) trial balance records, launches balance carry forward processes, ensures data consistency with controls, launches currency conversion and consolidation processes, reporting for pre/post consolidation financial reports ME D01 P02 P.7
Which 9 dimensions are required for legal consolidation?
A,C,D,E,G,I,R,S,T —Account, Category, AuditTrail, Entity, Scope(G), InterCo,Currency,Flow(S), Time ME D01 P02 P.8
Which 5 dimensions are required for Rate Model?
A,C,E,R,T – Account, category, entity, currency, time ME D01 P02 P.9
What are 6 purposes of Ownership model?
Org Structure (hierarchy & data records), METHOD, PCON, PCTRL, POWN
DETAIL: Stores a time dependent representation of the organization structure of the parent company in transactional data records by directly interfacing with the Dynamic Hierarchy
Editor functionality.
Stores the consolidation method (METHOD) to use as well as the percentage of
consolidation (PCON) , percentage of control (PCTRL) for each of the entities.
Stores the percentage of ownership i.e. POWN. ME D01 P02 P.10
Which 6 dimensions are required for Ownership Model?
A,C,E,G,I,T – Account, category, entity, Scope(G), InterCo, Time ME D01 P02 P.11
What are 2 general settings for Ownership Model?
Parent/Child property for hierarchy of groups, Non-interco Member in Ownership.
This parameter is used with dynamic hierarchy for legal applications when defining
consolidation hierarchies. The value set here must match the name of property in
GROUPS dimension in the legal consolidation application to store the ownership
data.
Value should be PARENT_GROUP.
This parameter should be a member ID in the INTERCO dimension in the ownership
model if you are using dynamic hierarchies.
For example: I_NONE or ThirdParty ME D01 P02 P.12
What should the value be for Parent/child property for hierarchy of groups?
value should be Parent_Group. ME D01 P02 P.12
What are two settings for Non-interco Member in Ownership?
This parameter should be a member ID in the INTERCO dimension in the ownership
model if you are using dynamic hierarchies.
For example: I_NONE or ThirdParty ME D01 P02 P.12
What are the 7 required dimensions for InterCoMatching model? 1 optional
A,C,D,E,G,I,T, - optional S(Flow) ME D01 P02 P.13
What is IDtype for Flow?
S (Flow) ME D01 P02 P.13
What is IDtype for Scope?
G(Scope) ME D01 P02 P.13
What is Groups (G)/Scope?
Scope in Consolidation and Ownership models. Contains all the relevant groups for which you want to run consolidations. This dimension can also be used in Planning models if needed. ME D01 P02 P.14
What is Intercompany I?
Contains the list of intercompany partners (must be corresponding to existing entities). This dimension can also be used in Planning models if needed. ME D01 P02 P.14
What is DataSource (D)/AudiTrail?
Used to track data origins and segregate input from adjustments from eliminations… SubTable S Flow in Consolidation model Breaks down data by ME D01 P02 P.14
What is CALC?
A system-generated property. It indicates whether the account is calculated by means of a formula or is at a parent level. You can view the property values in the Member selector in the EPM Add-In for Office. ME D01 P02 P.15
HIR: What is the recommended way of creating subaccounts?
hierarchies as opposed to formulas. ME D01 P02 P.15
What is HLEVEL? Which Dim?
C_ACCOUNT - system-generated property. It denotes the hierarchical level of the member. The property values can be viewed in the Member Lookup in BPC for Excel ME D01 P02 P.15
What is RATETYPE? Optional? Which Dim?
C_ACCOUNT - Used for currency conversion (see corresponding business rules). Value is optional and has to be valid account in the R_Account dimension ME D01 P02 P.15