Custom entity status

Optionally, you can add columns to the grid on the Entity Status tab of the Status Monitor to show custom entity statuses, for example, for notes or disclosures.
Note: Custom entity statuses are used only for informational purposes. They are independent of the total status of consolidation processes and do not affect the core consolidation process. You can close the custom entity statuses at any time because they are not subject to validation. In terms of the business object category, custom entity statuses belong to the organizational category.

For example, in Financial Consolidation, notes and disclosures refer to additional information that is provided with financial statements to clarify and elaborate on presented data. Notes and disclosures are essential to provide stakeholders with a complete view of a company's financial health and operations. By incorporating notes and disclosures, companies enhance transparency and understanding of their consolidated financial results.

Notes can be used, for example, for these purposes:

  • Explanatory details

    Notes provide explanations about accounting policies, estimates, and assumptions that are used to prepare financial statements.

  • Supplementary information

    Notes offer additional context about specific line items, such as revenue recognition methods, inventory valuation, or contingent liabilities.

  • Breakdowns

    Notes can include breakdowns of financial figures, such as segment reporting or geographical information.

Disclosures can be used, for example, for these purposes:

  • Transparency

    Disclosures provide relevant information that can affect users' understanding of financial statements.

  • Regulatory compliance

    Companies are required to disclose certain information to comply with regulatory requirements and accounting standards, such as GAAP or IFRS.

  • Risks and uncertainties

    Disclosures include information about risks, uncertainties, and other factors that can affect a company's financial position or the results of operations.

To add custom entity statuses, you must be a member of one of these roles:

  • Business Modeler
  • Consolidation Modeler
  • Entity Accountant
  • Group Accountant
  • Group Accountant Custom

To add a business object for a custom entity status, see "Adding and renaming business objects".

To add records to the newly created business object, select Business Objects > Custom. See "Adding records manually".

After you add the custom status records, you must publish the model. Otherwise, the custom entity statuses are not available to add to the Landing Page in the Consolidation Data Management dialog box.

Currently, the cards with the custom entity statuses on the Entity tab of the Landing Page are controlled by the Trial Balance Input and Import Entity Data status.