Introduction

When preparing consolidated financial reports, all evidence of inter-company transactions, for example transactions between a parent company and its subsidiary must be removed through elimination entries. This is because the consolidated financial statement takes into account the financial transactions between the consolidated entity and the outside world. At this page, you can view all created elimination entries. Both processed and unprocessed elimination entries will be displayed.

Note: This functionality is available only if you have the module license YA1040 – Financial consolidation and option 470.

Menu path

• Financial/Reports/Financial consolidation/Elimination entries
• Go to Financial/Reports/Financial consolidation/Consolidation worksheet. Type or select a division at Reporting entity and the Entry button will be displayed. Click the Entry button.

Roles & rights

To view elimination entries, function right View elimination entries is required. Users with the General Manager and Controller roles have this function right.

For more details on what you can do with function rights or levels, go to System/Setup/Security/Function rights, select the required module, and then click on the relevant ID. To find out the functions you can perform with a particular role, go to System/Setup/Security/Roles, type in the description, click Refresh and then click the required link under the Role column.

Button

Show

Click this to display the results according to the defined criteria.

Note: Once you have clicked this button, the name of the button will change to Refresh.

Refresh

Click this to update the results according to the defined criteria.

Reset

Click this to clear all the defined criteria so that you can start a new search.

New

Click this to create elimination entries. For more information, see Creating and Modifying Elimination Entries.

Close

Click this to exit.

Description

Criteria section

Reporting entity

Type or select a reporting entity to display the elimination entries. This is mandatory.

Note: The relationship between the reporting entity and its divisions has to be defined at the division card first. For more information, see Overview of Linked Divisions.

Division

Type or select a division to display the elimination entries. For more information, see Creating and Modifying Divisions.

Year/Period

At Year, select the year that you want to view the elimination entries. For more information, see Creating Financial Years.

At Period, type the period that you want to view the elimination entries.

Status

Select the status of the elimination entries you want to display. You can choose Unprocessed to display unprocessed elimination entries or Processed to display processed elimination entries. Leave this blank to display both statuses of elimination entries.

Presentation currency

Select the presentation currency of the reporting entity to display the elimination entries. This is set up when creating a division. For more information, see Creating and Modifying Divisions.

Results section

In this section, information such as the entry number, description, presentation currency, debit and credit amount, division, status of the elimination entries, and remark are displayed. Click the hyperlink under the Entry no. column to go to the maintenance screen and make the necessary changes to the elimination entry. For more information, see Creating and Modifying Elimination Entries. Click the hyperlink under the Presentation currency column to go to the currency screen. For more information, see Modifying Currency. Click the hyperlink under the Division column to go to the division screen. For more information, see Creating and Modifying Divisions.

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