Consolidation overview

For instructions on setting up the consolidation views, see the Infor CPM Administration Guide. For instructions on running consolidations, see the Infor CPM User Guide.

The Consolidation process combines the financial statements of separate subsidiaries, cost centers, or units into a single set. A consolidation occurs when the data is rolled up into period and hierarchical dimensions.

With the business process of a statutory consolidation, you can:

• Extract relevant data in a common format
• Convert a trial balance to a standard profit and loss/balance sheet
• Check that subtotals, opening balances, and balance sheet balances are accurate
• Convert from local to common currency and account for exchange gain/losses
• Eliminate intercompany transactions
• Eliminate investments in subsidiaries
• Eliminate minority interests
• Make final accounting adjustments
• Produce financial, statutory, and management reports and analyses
• Pass audit scrutiny

You can design and run consolidations through CPM Workstation, or you can script them for use at another time.