Processing Consolidations - What Happens During the Consolidation Process

The following activities complete during consolidation processing.

• Process Dynamic Journals in local and common currency

• Process Non Controlling Interest

• Calculate the minority interest expense and liability accounts for Non Controlling Interest

• Calculate the investment in subsidiary for Non Controlling Interest in local and common currency

• Process required partitions in the reporting database

• Calculate retained earnings for all companies in local currency

• Calculate currency translation adjustments

• Process interim currencies

• Calculate retained earnings for interim currencies

• Calculate currency translation adjustment for interim currencies

• Reporting members with assigned currency values, exchange rates, and calculation types are converted

• Process reporting cube