Journals

(Financial Consolidation Only)

These are the nine types of journals:

• Acquisition is a web journal that is used to enter specific local and translated values for multiple currencies that should not be re-translated during a consolidation.
• Standard is a web journal that is used to post between profit and loss (P&L) lines or to post between Balance Sheet (BS) lines (for a particular unit, version, and accounting period). This journal type provides an audit trail for each revision.
• Standard PL-BS is a web journal that is used to post between profit and loss (P&L) lines and balance sheet (BS) lines. This journal type provides an audit trail for each revision and keeps periodic and year-to-date data in balance throughout subsequent periods.
• Standard Reversal is a web journal that is used to reverse the effects of a posted Standard journal. A separate reversal journal is required for each period to which the original journal posted.
• Standard PL-BS Reversal is a web journal that is used to reverse the effects of a posted Standard PL-BS journal. A separate reversal journal is required for each period to which the original journal posted.
• Intercompany Eliminations is a journal that is defined in Architect and whose detail data is prepared using the Prepare Intercompany Eliminations process for the purpose of eliminating intercompany transactions that take place between affiliated companies. Intercompany Eliminations journals are posted to one or more elimination units during a consolidation.
• Ownership journals are available when the Ownership process is enabled. This journal is defined in Architect and is used to eliminate intercompany investments as a whole for a group. This journal is used when the investment detail for each subsidiary within the ownership group is not known. Ownership journals are posted to one or more ownership units during a consolidation.
• Reclassification is a journal created in Architect by administrators that is used to zero out original data and book it somewhere else (such as a different schedule line).
• Reference is a rules-based journal created in Architect by administrators that is used to adjust the value of a destination schedule line based on a specified percentage of the value in a source schedule line. The original, or source, data is not changed.

For more information on web journals, see the Infor CPM User Guide. For more information on the Architect journals, see the Infor CPM Architect User Guide.