Consolidation of Financials

Hi All,
I have a very basic question on consolidation of financials.
Co. B is incorporated in India and follows April - March fiscal period. It has a 100% subsidiary Co. B incorporated in a country that follows July-June fiscal year.
In SAP, as I understand, all Co. Codes under a company should follow same fiscal year.
I want to consolidate Co. B's numbers into Co. A, since A is the Holding Co. How do we do it ??
I know this is a very basic question but I need help.
Thanks in advance !!
Regards
Rohan.

Hi Rohan,
Please review the thread below.
http://scn.sap.com/thread/3320336
Please do confirm if this works for you.
Thanks
Naseem

Similar Messages

Intercompany Transactions

Experts,
I am in the process of moving AP and AR of one Co Cd to another Co Cd, and in the process i have identified the respective accounts from where the amount would be transferred in the sending Co Cd (A) as well the accounts in the receiving Co Cd (B).
The transaction for these would be
A
Cr A/P Account, 3000.00
Dr Intercompany Account 3000.00
B
Cr Intercompany Account 3000.00
Dr A/P Account 3000.00
However, my question is how do i relate the intercompany payable/receivable account of both Co Cds ?? I have to zero the balance of the intercompany account in A to 0 as i upload this data to a consolidation system and for this i have to zero the balance of all accounts including this account.
After the transfer of all balances to the new Co Cd i.e B, the data would flow from Co Cd B to the consolidation system.
All answers/views would be duly appreciated and rewarded with points.
Thanks,
Nandita

Hi,
My understanding of the situation is as under. I am assuming the Vendor accounts are extended to the new Company Code B.
   Sending Company Code: A
        Vendor 01:                        $100
        Vendor02                         $200
Receiving Company Code: B
       Vendor 01:                        $100
        Vendor02                         $200
Let's assume GL Account configured for Inter Company Postings are 170000 (Debit) and 180000 (Credir).
The entries posted will be :
   Company Code: A:
        Vendor A/c (100+200)                      Dr. $300
         Interunit reconciliation 180000         Cr. $300
   Company Code B:
         Interunit reconciliation   170000         Dr. $300
         Vendor A/c (100+200)                      Dr. $300
Initially, the balance of Vendor accounts in Company code A will be credit of $300. This will get knocked off with the entry in Company Code A. On Consolidation of financials Company Code A and B, inter unit reconciliation accounts 170000 and 180000 will get knocked off. Hence, the only balance left is Vendor's accounts in Company Code B.
In case if you are not looking at Consolidation of A and B Company Codes (for knocking off Inter Unit reconcilation account), then you may have to think of Conversion accounts for data conversion.
Thanks
Murali.

Group Accounts

Hi
What for the Group GL Accounts are used? We are trying to implement financials Consolidation in SAP. For this I wanted to know more about GL Accounts, Group GL Accounts and how they work in Consolidation. Where is the integration for GL Account and Group Account number.
Thanks in advance
Kalyani

Hi,
Group Account numbers are created basically for Corporate Consolidation of Financials. Number of GL accounts will be several based on the business scenarios and requirements. However for Consolidation purpose the details are not required at minute level. For example for Traveling expenses there may be 30 GL Accounts, however the Top management may require only the total of traveling expenses and not full details. Hence, Consolidation is carried out at Group GL Account.
When a Chart of Accounts is configured a group chart of accounts is assigned in Transaction code OB13. Further, in each GL Account the field Group Account number has to be updated.
Thanks
Murali.

Differences between Hyperion consolidation and Oracle Financials Consolidat

I'm looking for a document- recommendations etc. explaining why using Hyperion Consolidations versus Oracle Financials Consolidation ?
Thanks
Marcel

Genie,
I agree that a case is made on how well these two ERPs solve the day to day tasks before a company chooses one of these two. But my question is aimed at finance to begin with. You are going to need a general ledger for any company or government regardless of ERP. And how well you can drive the ledger to map your business is the key here.
The way ledger is built is around a business area ,company or country and is very tighly designed in SAP. I would like to know if there is any equivalent of the configuration items in ORACLE. I am more interested in terminology of ORACLE.
For example ,
SAP ====> ORACLE
GL ==> Book In ORACLE
Document Number ===> Invoice Number
Posting Period in SAP ==> Posting period In ORACLE
Most of the terms are finance terms , so they are common ( eg. an account number is an account number in ORACLE and SAP ) between two systems. I am interested in any specific thing that is available in ORACLE but not in SAP and vice verse.
thanks for the link you have provided.
Its very useful.

Integration of Financials with external systems

Hi,
I am strugling with an implementation where the client is not sure if Oracle Financials suits his business processes
Overview of situation on Hand:
We do not have the product installed as yet at the client site
Products of Oracle Financials to be used :General Ledger, Account Receivable, Account Payable, Fixed Assets,India Localization Patch
Products of Oracle Applications NOT available for use :
Purchasing, Inventory, Order Management
(All these areas are being covered by developing a customized Bespoke system)
1.     Is it possible to use Oracle India Localizations (with regards to the excise functionality, for e.g. claiming of ModVat, the various excise registers that are to be maintained for e.g. RG23 A, RG23C,etc ) in the above situation (without implementing Purchasing, Inventory, and Order Management?).
2.     Further, while passing the Vendor’s Bills (in Oracle Payables), one of the criteria for PO Matching is to check if the ModVat has been claimed. Is this functionality available in Payables with the India localization patch?
3.     Does Oracle India localization cater for VAT requirements?
4.     Is an Open Interface available to transfer Purchase Order data from external systems to Oracle Purchasing tables (which are shared by Oracle Payables the names being PO_HEADERS, PO_LINES, PO_LINES_LOCATIONS, PO_DISTRIBUTIONS, PO_DISTRIBUTIONS_AP_V (VIEW OF PO_DISTRIBUTIONS), PO_RELEASES (Blanket Purchase Orders), PO_LOOKUP_CODES) at transactional frequency? However, if the oracle purchasing module is not being used, can the interface tables of Purchasing be used?
5.     An open interface (Payables Open Interface) is available in Oracle Payables to import the Invoices from external systems. While importing these invoices, does the system expect to have the Purchase Order data in the PO tables mentioned in the point above?
6.     Is an Open Interface available to transfer Quantity Received/Accepted data from external systems to PO_line_locations table to enable carrying out of 2/3/4 way matching of Purchase orders with invoices? Can the 4 way mathcing be carried out in AP by just importing Purchase Order data??
7.     Can the Credit Card Transaction Interface be used for uploading employee expenses / advances settlement (not carried out via credit card) directly from feeder system?
8.     Is it possible to use Open Item interface (including import concurrent program) even though Inventory module is not being installed ? If yes, then we would like to use this interface for updating Item master from bespoke system..
9.     Can Auto Invoice API be used to import invoices from feeder system / legacy system (via RA interface Tables) into the Oracle receivable invoice tables? Is order number as column a prerequisite for successful completion of Auto Invoice API?
10. Where should the Masters be kept....OF of Bespoke
eg. Employee master, Inventory Item Master etc.
11. What is the best strategy for keeping the data in Bepoke and OF related to Masters in sync?
I have got various answers to these questions .....but some seem to contradict each other.
PLEASE HELP!!
Thanks,
Kamana

Dear Kamana,
Can you send me the replies given by our other Forum Friends, let me analyze the entire stuff and get back to you with a single consolidated bible for all your questions.
Gopal

Oracle Financials- Financial Reporting Lead with TCS

Hello,
Good Day, I am very pleased to be writing to you today to introduce a job opening we are aggressively recruiting for. Based on an on-line resume, I believe you may be qualified for the position. Would you please take a look at the job description below and tell me if you are interested. If so, please respond to this email with a WORD copy of your resume at your earliest convenience. If you are not, would you please forward this email to someone you think may be interested. That person and I would appreciate it very much.
Our Client TATA Consultancy Services (TCS) is one of the world's leading information technology companies. Through its Global Network Delivery Model™, Innovation Network, and Solution Accelerators, TCS focuses on helping global organizations address their business challenges effectively. A part of the TATA Group, India's largest industrial conglomerate, TCS has over 100,000 of the world's best trained IT consultants in 47 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March, 2008 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at (www.tcs.com)
Opportunity for you as: Oracle Financials- Financial Reporting Lead
Location: Chicago, IL OR Des Moines, Iowa.
Employment: Fulltime Permanent (GC, US CITIZENS and EAD only).
Relevant Experience (Yrs): Overall Experience 9-10 Years
Education: With CA or CPA
Experience Required:
Good to have Experience with insurance industries
Also have hands on experience in Internal & External Reporting
Experience with in & out Accounting.
Should have experience in Consulting.
Regards
Mohan
408-317-9219 Ext 7149
Urpan Technologies
[email protected]
www.urpantech.com

FORWARD THE UPDATED RESUME AS SOON AS POSSIBLE.

Consolidation question

I have a scenario at my client where I have Company Code 1 and Company Code 2 with common chart of accounts and both these have a one common holding company which is only for reporting consolidated financials. Is there a way to achieve this in SAP someway?
thanks
Raj

My thought process was more towards leveraging the Group chart of accounts or Company or Group Currency?
Below are some of the ideas I had. I am trying to validate in the system;
Option 1
Create a Company YYYY (Holding company and Not as company code)
Company Code 1 (Actual company code 1) - with XXXX CoA and Trading Partner as YYYY (Company created above)
Company Code 2 (Actual Company code 2) with XXXX CoA and Trading Partner as YYYY (Company created above)
When I run F.01 for the company YYYY and chart of Account XXXX wouldn't that give me consolidated statements?
Option 2
Assign Group Currency USD to Company Code 1 and Company Code 2 with one CoA and run F.01 with Currency Type 30.
Thanks,
Raj

Oracle Financials or Hyperion Planning for variance analysis??

We are considering Hyperion Planning for our Departmental budgets/forecasts and I'm have a disagreement with a few piers. Was hoping you could help. It's my contention that the budgets/forecasts AND actuals should be populated in Hyperion Planning. A few of my piers contend that the budgets/forecats should be housed in Hyperion Planning and pushed down to Oracle Financials for variance analysis - in order to provide drill back capability into the transacations that caused the variance.
Since H.P. is a consolidated system, I would think it's impossible to budget at a summary account level in H.P. and push it to base level/transaction level within Oracle Financials (one to many). In my view, the actuals should flow up from Oracle Financials, via FDM, into H.P. where variance analysis can take place? I would think drill back capability could be provided via FDM within Planning?
Anyway, was hoping to get your thoughts.

Hi,
We are currently in the final phase of implementing Oracle Financials and Hyperion for the same purpose that you have described in your post. We use Oracle Financials to record actuals and then transfer it to Hyperion under the scenario 'Actual'. While the budget/forecast data in only entered/saved in Hyperion. There are several financial reports for variances that are generated out of Hyperion. So far, this arrangement is serving us pretty well. I second your point that in Hyperion, we can easily compare summary level data. We have Hyperion reports that do variances calculations for sub-totals. In fact, we are also using HP reports for consolidated statements such as Balance sheet, Income statement etc. The actual data for these statements is coming from GL.
As for drill through functionality (from HP to sub-ledger details in financials), we are in process of implementing FDM and use it for both (1) loading data and (2) drill through.
Hope this helps.
ABG

US GAAP consolidation

Our client has multiple company codes in different companies.
The local currencies are different for each country's co codes
Group currency is USD
At year end, when they run financials in F.01, in the consolidation ledger 0L, they first run with currency type 10 (co code crcy) and then with crcy type 30 (grp crcy).
When they compare the fig of bank balance in , say , GBP with grp crcy USD, the exchange rate works out to be ridiculously high- more than double the one maintained in OB08
I would like to know:
1. how to see the USD figures of bank account at the rate maintained in OB08 as on the DATE OF RUNNING F.01
2. whether these can be used for consolidation purpose
3. if some configuraton is required for Special Purpose Ledger
4. if figures in SAP will not show at the rates on date of running F.01, how do we post for the change in value ONLY IN GROUP CURRENCY and not in local currency, so that the bank account is valued at current rate at year end.

Sorry, the first line should read:
Our client has multiple company codes in different countries

Financial Consolidation of multiple companies

Good Morning Expert!
Just want to know if SAP B1 can handle financial consolidation and how to do it. Our requirement is to consolidate financials of 3 companies.
Hope to hear from you soon
Thanks.
Sandra

Hi
You need to find (or develop) and add-on that allows the MultiCompany.
One example is CitiXsys, they have a solution like that or you can try to look for another SAP partner that may provides that in your region.
Paulo Calado
SAP Business One Forums Team

Do I have to set up consolidation app?

Gurus,
If I have a group of companies that are 100 % owned by the parent, do i have to set up legal consolidation app or i can get by using Financial app type using Intercompany Elimination? Please advise.
Thanks.
Matt

Hi Matt,
US Elimination rules should work fine for your scenario assuming that all you want to do is eliminate 100% of inter-company activity at the parent level. Your financials and master data must be formatted exactly as specified by the US Elimination rules logic (inter-company activity has the inter-co dimension populated, and your entity, interco, and account dimensions are set up properly, including the use of elimination entities under the parents you want to have an eliminated view).
Assuming you can meet the setup requirements, you should be in good shape.
Ethan

Consolidated Cash Flow Statement

In ECC 6.0 is there a way to generate a consolidated Cash Flow statement in Group Currency when there are 4 different company code currencies?
I attmepted to use Mutltiple Local Currencies but I quickly found out why you can't start using this functionality after the Company Code has already been up and running.
Any suggestions on how to generate a consolidated Cash FLow Statement?
Dan
Reposted this in ERP Financials
Edited by: Daniel Goodhart1 on Jul 1, 2008 4:32 PM

Moved to ERP Financials. No need to keep it open in this area.

R12 Upgrade and Instance Consolidation

Hi,
We have 11.5.10 HRMS on IBM AIX and 11.5.10 Financials on Sun Solaris servers.The plan is to Upgrade the Applications to R12 and consolidate the instances into a single Instances.
Please share your experiences if first we need to upgrade the applications to R12 and then do the Instance Consolidation or do the Instance Consolidation on 11.5.10 and then do the upgrade.
What are the advantages and disadvantages of both the approaches.
Please share your experiences if someone has worked on similar projects.
Regards,
VN

Please see these links.
Upgrade to EBS R12 - is it stable? are there many R12 customers? etc... -- Check "Steven Chan" post.
Upgrade to EBS R12 - is it stable? are there many R12 customers? etc....
Case Study: Oracle's Own Oracle E-Business Suite Release 12 Upgrade
http://blogs.oracle.com/stevenChan/entry/case_study_oracles_own_oracle_ebusiness_suite_rele_1
Thanks,
Hussein

EC-CS Consolidation Doc

Hi,
Can someone send me the EC-CS Consolidation Config Document (not the PDF from sap help).
Full Points Assured.
Thanks
Krishna.
[email protected]

Dear Evan,
As written in note 117253, the knowledge product "SAP consolidation of investments in the component EC-CS" may be requested by creating an incident with the application component EC-CS-CSF-J on SAP Service Marketplace.
If you send me your e-mail address, I can share the knowledge product with you.
Best regards,
Csaba Bálint
Platinum Support Engineer, Financials, SAP
Nexus in business consolidation (SEM-BCS / EC-CS)

Consolidated balances of customers & vendors

Hi all
Pl guide me how do i get the consolidated balance statements of customers & vendors from two different databases.
For example : Customers & verdors are same for the two databases.say X & Y
So in X database ,is it possible to get the balance statement of Y customer also thru any tool.
Any one try DATA IMPORT Utility
Pl revert asap.
Thanks & regards
Manisha
Edited by: Marc Riar on Jan 22, 2008 11:49 AM

Hi Manisha,
It is possible through normal reports in SAP B1.
Go to financials >Financial reports >Comparison reports >trial balance or balance sheet comparison.
Choose or tick only BP and select the BP name .you can get the figures.
Hopes this will work for you.
If working let me know whether ur query is removed and give points.
Regards
Suresh Kannan

Consolidation of Financials

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