Register subsidiary for parent company
Register the subsidiaries that report consolidated transactions to the parent company in M3 Group Consolidation.
Outcome
Basic data such as the subsidiary's ID at the parent company, consolidation currency, the accounting dimension in which the subsidiary's ID is displayed, and accounts for minority interest are defined at the parent company.
After the subsidiary is registered, the subsidiary can create consolidation proposals in 'Consolidation Proposal. Create/Transfer' (GMS200) and the parent company can receive the approved proposals in 'Consolidation Proposal. Update' (GMS320).
The GMCOMP table is updated.
Before you start
Basic data are set for each subsidiary in 'Settings – Consolidation (Subsidiary)' (GMS010).
Follow these steps
- In the parent company, start 'Settings – Parent Company' (GMS090).
- Specify the ID of the subsidiary. Click .
- On the E panel, specify a name of the subsidiary and the company reference. This field is required.
- If applicable, specify optional contact information in the form of telephone and fax numbers.
- Specify or select values in the remaining fields based on the parameters. Press Enter.
Parameters to set
This table shows the configurations when registering a subsidiary to a parent company:
| Program ID/Panel | Field | Field description |
|---|---|---|
| (GMS090/B) | Subsidiary |
The field indicates the subsidiary's ID at the parent company. This field is required. You must select the same ID as the subsidiary has selected in 'Settings – Consolidation (Subsidiary)' (GMS010/E). |
| (GMS090/E) | Company reference | The field indicates the internal name of the subsidiary. The name is included in the approved consolidation proposals that the parent company receives from the subsidiary. |
| (GMS090/E) | Consolidation currency, Transfer of general ledger transactions, Transfer of budget | |
| (GMS090/E) | Cumulative consolidation method – balance sheet (BS) |
The field indicates whether the cumulative balance of each balance account is converted using the exchange rate valid at the end of the respective period for the consolidation company. If you select the check box, this method is applied to balances for all balance accounts for which conversion method 1='Cumulative consolidation' is selected in (CRS630/F). You must create an additional journal voucher to adjust the cumulative balance for balance accounts in 'Consolidation Proposal. Update' (GMS320). |
| (GMS090/E) | Subsidiary in accounting dimension – GL, subsidiary in accounting dimension – BUD |
The field indicates the accounting dimension in which the subsidiary's ID is displayed in the general ledger and budget transactions that are received by the parent company. This field is required.
This helps identify the transactions of each subsidiary. You can select between accounting dimensions 2 to 7.
Note: You cannot select an accounting dimension that is already selected as active in 'Settings – Transfer of General Ledger' (GMS015) or 'Settings – Transfer of Budget' (GMS020).
|
| (GMS090/E) | Owner share in percent | This field is currently in 2006 reserved for future development. |
| (GMS090/E) | Account for differences |
The field indicates the account used to offset the transactions that update the general ledger of the parent company when creating a voucher in 'Consolidation Proposal. Update' (GMS320), provided that the local currency of the subsidiary is the consolidation currency. If the consolidation currency is the local currency of the parent company, the account in 'Settings – Transfer of General Ledger' (GMS015) is used for this purpose. |