Corporation Switch User Manual

Setting Up Categories 7-3
Impact of the Selected Option on Intracompany Balance Identification
Option Selected Organizatio
n
Line Item Intercompany
Organization
Intracompany
Transaction
Only intercompany when
organization and Intercompany
are different.
01 2300 01 No
Differ from Specific Value "00" 01 2300 01 Yes
Translation
Translation occurs after all categories that affect the child's balances are executed. The
Translation category picks up all data from a child entity and translates it to the parent's
currency. Translation only runs at points in the consolidation hierarchy where a child's
currency differs from that of its parent.
See: Translation Method, page 12-1
Intercompany
The Intercompany category eliminates balances from transactions that occur between
entities in the consolidation hierarchy. Eliminations are written to the elimination entity
of the first common parent in the consolidation hierarchy. The Intercompany category
can be placed anywhere after Translation.
See: Intercompany Rule, page 10-1
Acquisition and Disposal
The Acquisition and Disposal category enables users to automate accounting entries or
input manual entries as a result of acquisition and disposals.
See: Creating Consolidation Entries, page 17-4
Minority Interest
The Minority Interest category holds the consolidation accounting entries needed to
recognize non-controlling interest on consolidated financial statements. You can create
entries in the Minority Interest category by entering adjustments or by using
consolidation rules. The Minority Interest category can be placed anywhere after
Translation.
See: Consolidation Rule Steps, page 9-2