Enabling ownership

This section provides you with an overview of the ownership process. Each step of the process includes a reference on where you can find detailed information.

  1. Create or upgrade the database. Ensure that you enable the Ownership process option. See the Setting Up A Database and Ownership process parameter in Model Settings.
  2. Specify the consolidation methods by selecting Administration > Architect > Model Management > Consolidation Methods. See Consolidation Methods.
  3. Create the legal and management structures. For example:

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  4. Designate the ownership units. All Ownership journals book to ownership units. If you have not designated any ownership units, then no ownership journals are posted during the consolidation.

    The Ownership attribute is assigned when the structure is loaded with the Import Wizard when you are loading structure into a new database. If you are upgrading an existing database, you can use the Import Wizard or set the attribute through the Elimination Status list on the Properties tab for the Members in Hierarchy page. See Assigning the Ownership attribute.

  5. Create the schedules and schedule lines. See Members in Hierarchy and Formula Builder.
  6. Create the Ownership journals. Journals are created through the Journals page.
  7. Customize the pages.
  8. Specify ownership and financial data.
  9. Load ownership and financial data.
  10. Calculate Ownership percentages.
  11. Run the Consolidation process.
  12. Report on effects of journals.