Rules

• Ownership journal source amounts include data from data entry, web journals, and Intercompany Eliminations journals but never include data from other Ownership journals or Reference or Reclassification journals.
• A unit must be in scope to be used as a source for an Ownership journal.
• At least one destination adjustment must be in scope or at least one source account must be enabled to post (Post = Y) for an Ownership journal to post.
• The Ownership journal always posts to an ownership unit, according to these rules:
  • If the Post Level value is Unit, each source amount posts to the first ownership unit available, starting at the same level in the hierarchy as the source unit. Each source amount also posts to all ancestor ownership units (if any).
  • If the Post Level value is Parent, each source amount posts to the first ownership unit available, starting at the same level in the hierarchy as the holding company that owns the source unit. If the source unit is not owned by another company, the posting starts at the same level as the source unit. Each source amount also posts to all ancestor ownership units (if any).
  • Percentages applied to the source data can vary in the hierarchy.
  • Ownership unit adjustments only roll up to the immediate consolidation unit.
• The source data is defined by the unit type (legal or holding companies) and consolidation methods defined in the Unit Type drop-down list. In the sample journal definition, the unit type is LF (Legal/Full Consolidation Method); therefore, the Capital Stock, Reserves, and Retained Earnings amounts for all legal units that use the Full consolidation method are used as the source for this journal. (You can view the unit type and consolidation method used by each unit in an ownership group from the Ownership Properties page.)
• Adjustment amounts post to the destination lines in the ownership unit and can optionally post to source lines (i.e., if the value in the Post column is Y) in the ownership unit.
  • The percent type specifies the percent to apply to each source amount when posting the amount to the ownership unit.
  • The calculated amount is debited or credited to the destination line, depending on the Reverse Sign value specified for the destination line. That is, if the net calculated amount from the source data is a credit and the Reverse Sign value for the destination line is N (for No), then the amount is credited to the destination line; if the value is Y (for Yes), then the credit is reversed, and the amount is debited to the destination line instead.
• Journal amounts are posted to the translated currency specified on the Consolidation page (or in the consolidation script). Journal amounts are not posted to local currency.
• For rules regarding the currency translation adjustment (CTA) for a posted Ownership journal, see "CTA in the Ownership Process".