GL Mass Maintenance

Creating accounts for a new CC based on a current CC is shown below:

Document Sequencing in General Ledger

You can assign only one active document sequence scheme to each unique combination of:

• Application, Category
• Set of Books
• Method (Auto or Manual entry)

However, you can assign the same document sequence to more than one combination of Application, Category, Set of Books, and Method.

General Ledger automatically creates journal entries for actual transactions when you perform the following tasks:

Consolidation Example

This one is for the Parent Consolidation shown fully.

 The one below is for the Parent/Sub who consolidates its two subs.

Here is the full list of initiating entries for all 4 companies

Mass Allocations

To Allocate down do:
A     =Source or SUM or Summary Acct
B/C =CC-SQFT(LOOP)/TOTAL-SQFT(SUM-unless Summary Acct)
T     =Target(LOOP)
O      = Same as source

To Clear accounts to one account (T becomes the offset and O becomes the Target)
A      =Loop the CC's
B/C  =-1/1 (to create the opposite of the balance on account)
T    =Loop the CC's
O   =Destination of all the balances

Note: Don't use a SUM on a summary value.

Global Consolidation System

Consolidations Equity method

Purchase price - (RE + equity) Equals the differential.

Differential gets adjust to zero by one of the following:

 FV differences (increase or decrease underlying assets) 

Goodwill (goes to BS and gets amortized over years) 

Bargain (goes to RE) 

Cost or Market Method Investor acquires < 20% of investee's voting stock (insignificant influence) Investment account (Trading or Available for Sale) Any income (dividends is placed in "Other income")

Equity Method Investor acquires 20% – 50% of investee's voting stock (significant influence) Investment account stays Income share increases Investment acct balance Dividends decrease Investment acct balance  Interco profit eliminated proportiionally Equity method applied

Consolidation Method Investor acquires > 50% of investee's voting stock (legal control). Investment account gets zero'd out. Common Stock eliminated RE eliminated Interco's elimininated Noncontrolling balance exists in Equity section of Parent Noncontrolling share of income shown below Total Income Books are consolidated

FAH in Action: Presentation on how FAH can be leveraged.