Skip to main content

Income Statement and Balance Sheet Process

Unit-level input

Unit-level tasks are in default interface under the Company role.

  1. Enter internal transactions.

    A unit's internal transactions can be transferred through an interface by importing from an Excel file or entering manually using the following input templates:

  2. Enter income statement and balance sheet data.

    A unit's income statement and balance sheet can be transferred through an interface by importing from an Excel file or entering manually using the following input template:

  3. Enter adjustments to company IS and BS.

    Company level adjustments to a unit's income statement and balance sheet can be entered manually using the following input templates:

  4. Enter the values of inventories which were bought from other group entities to the balance sheet using the following template:

Unit-level reporting

A unit's income statement and balance sheet by document series can be reported using the following report:

The statement of comprehensive income and statement of financial position can be reported using the following reports:

Internal transactions reported can be reconciled with the data reported by the other entities using report:

Group-level input and eliminations

Group level tasks are in default interface under the Consolidation role.

  1. Reconcile internal transactions. The elimination of internal transactions can be reported with the following report:

  2. Check the automatic non-controlling interest entries. The minority interest and proportional consolidation entries created by automatic calculations can be checked and adjusted by manual entries with the following input templates:

    And/or the following report:

  3. When required, update the margin and tax percentages for internal margins in inventories using the following template:

  4. When required, update the basic data and/or depreciations and create entries from the updated document for the elimination of internal margins in non-current assets using the following template:

  5. When required, update the basic data and/or depreciations and create entries from the updated document for the elimination of equity investments using the following template:

  6. When needed, enter elimination entries of entities consolidated by equity method. Entries can be entered with the following input templates:

  7. Enter other eliminations. Other eliminations can be entered with the following input templates:

  8. Save entries for reversal of tax based provisions and enter manual adjustments, if needed. Reversal of taxed based provisions may be saved using input template calculation with the following input templates:

  9. Manual adjustments can be entered with the following input templates:

  10. Save elimination related to tax base reconciliation entries using the following template:

Group-level reporting, check reports

The following reports can be used for checking purposes:

The consolidated statement and statement of financial position can be reported with the following reports:

Was this article helpful?

We're sorry to hear that.