Properties
The Group Accounts business object has several properties that are important for consolidation purposes.
This table show the properties of the Group Accounts business object:
Property | Description |
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ID | Unique identifier of an account. Required property. |
Name | Caption that is displayed as a default value if no
language-specific translation is provided. Required property. |
Parent ID | The parent of an account in a parent-child relation. |
Order position | Responsible for the sequence of group accounts within the structure. The order of group accounts is defined separately for each hierarchy level within the chart of accounts. First is the top account that is followed by lower level accounts. This property is relevant to the base and parent elements. |
Weight | Used to control the roll-up into parents. Typically set to 1 for the accounts in the group chart of accounts. |
Type | Account type that determines whether a debit or a credit has a
positive or negative effect on an account. For example, a debit for an asset account
is positive whereas for a liability account, the debit is negative. These types of accounts are available:
Note: To prevent an aggregation of values within the chart of accounts,
the Weight property must be set to 0 for all statistical account types.
|
Method | Describes how an account is calculated from the functional
currency into the group currency. Five methods exist. You must specify at least Method 1. Each method describes a different way of currency conversion. Methods enable a group account to be calculated with different rate types in different configuration sets, versions, and periods. You can select these rate types for each method:
Methods cater for changes over time to how functional currency is translated into group currency and for requirements to report in several GAAPs, such as US GAAP. US GAAP requires a different conversion than International Financial Reporting Standards (IFRS). |
Schedule | Used to indicate a schedule. These preconfigured schedules are available:
A1 and A2 are subschedules of A and cannot be selected. They are used if you select the main schedule (A). You must maintain the base and parent elements. |
Intercompany | Must be enabled for all group accounts that can have an
intercompany-related values. In this way, you can specify data and post journals that
contain intercompanies. This property is relevant only to the base elements. |
Entity Journal | If enabled, then an account is available in the entity journal
editor. This property is relevant to the base and parent elements. |
Group Journal | If enabled, then an account is available in the group journal
editor. This property is relevant only to the base elements. |
Data Entry | If enabled, then an account is available in respective data
entry reports. This property is relevant to the base and parent elements. |
Entity Report | If enabled, then an account is available in respective entity
reports. This property is relevant to the base and parent elements. |
Group Report | If enabled, then an account is available in respective group
reports. This property is relevant to the base and parent elements. |
EquityBuy | Defines a schedule detail that presents goodwill changes.
Goodwill changes result from acquisitions. Note: You must post the
results of an acquisition manually.
This property is used by specific customized processes. |
EquitySell | Defines a schedule detail that presents the sale result. The
sale is done by adding the participation change request in the Ownership Management in
Financial Consolidation. Note: You must post the
results of a sale manually.
This property is used by specific customized processes. |
Equity | Enables equity accounts that are displayed in the Ownership
Management in Financial Consolidation. This property is relevant only to the base elements. |
ReserveBuy | Defines a schedule detail for a group account that receives
information about unrealized reserves if an acquisition is performed. Unrealized
reserves result from a GAAP related acquisition.. Note: You must post the
results of an acquisition manually.
This property is used by specific customized processes. |
ReserveSell | Defines a schedule detail for a group account that receives
information about unrealized reserves after an entity is sold. Note: You must post the
results of a sale manually.
This property is used by specific customized processes. |
Reserves | Enables reserves accounts that are displayed in the Ownership
Management in Financial Consolidation. This property is relevant only to the base elements. |
FormatString | Indicates a number format that is used for the purposes of
number visualization in, for example, Self-Service or custom
reports. By default, set to See "Number formats". Note: The specified format does not affect standard reports of the Infor d/EPM business applications.
|
Subgroup Mapping | Relevant only if you use the Copy Subgroup Data function in
Financial Consolidation. This function transfers data of a group to an entity that
represents the whole group. Typically, this is done with a subgroup of the parent
group. The entity to which the values are transferred belongs to the parent group and
is set as a dummy entity. If the parent group requires different accounts, then those accounts must be mapped to the parent group. You can select the consolidation group accounts in Financial Consolidation. This property is relevant only to the base elements. |
Non Controlling Interests | Non Controlling Interests accounts are assigned to relevant
equity accounts. The share that belongs to third parties is then posted through the
minority rule from the equity account to the Non Controlling Interests account. This property is relevant only to the base elements. |
Translation into other languages | If multiple languages are used, then each group account name can be translated into the respective language. |
This table shows differences between some elements of the Group Accounts business object in Financial Consolidation version 12 and older versions.
Element | Description |
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Segment | Segments are no longer properties of the Group Accounts business object. To enable segments, select and click .If you enable segmentation, then all profit and loss accounts (types E and R) are segmented automatically. Additionally, you can enable segmentation for the balance sheet. This applies to the accounts of type A and L. |
Consolidation process | In Financial Consolidation version 11 and older, users assigned
consolidation rules to group accounts in order to make group accounts available for
the elimination setup. In Financial Consolidation version 12, group accounts are available to select during the elimination setup but users no longer assign consolidation rules to group accounts to activate them. |
Schedule detail parameter | Not used in Financial Consolidation version 12. |
Account parameter | Not used in Financial Consolidation version 12. |