Create Node
Explanation
This activity is used to create and connect a new node
in a consolidation structure. A node generally represents a group of entities
of which the balances should be independently consolidated.
Prerequisites
In order to perform this activity, a consolidation
structure should exist.
System Effects
As a result of this activity:
- A new node is created with a connection to the consolidation structure.
- An elimination node is created in which the
intercompany elimination postings are created for intercompany
transactions. The elimination nodes are visible only in
the Consolidation
Details Analysis window.
Window
Consolidation Structure
Related Window Descriptions
Consolidation Structure
Create
Node
Procedure
To create a new node in a consolidation structure:
- Open the
Consolidation Structurewindow and
search for the consolidation structure for which the new node should be created.
- Right-click on the node (or top node) to which the
new node should be connected and click Create New Node to open the
Create New Node dialog
box.
- Enter an ID for the node in the Node
field.
- Enter a description for the node in the Description field.
- Enter a value in the Currency Code field to specify the currency in
which the consolidated balances for the node should be presented. The List
of Values can be used to select the relevant currency code.
- Enter the ownership percentage for the connection in
the Ownership field.
- Select a value for the Consolidation Method
field.
- In the Event Date field, enter the date on which the group of
companies represented by the node were acquired.
- Modify the value displayed in the Period
field if required. (Note: A value is automatically displayed when the
event date is entered.
)- Enter a description in the Comment field if
required.
- Double click on the Notes check box, if you
want to enter notes about the creation of the new node.
- Click OK.
To create a new node as the top node:
- Perform steps 1-5 of the previous procedure.
- Select the Create as Top Node check box. (Note:
The Node Above field is automatically cleared when you select
this check box.)
- In the Ownership field, enter the ownership percentage relevant for
the connection between the previous top node and the new top node.
- Select a value for the Consolidation Method
field for the connection between previous top
node and the new top node.
- Perform steps 8-11 of the previous procedure.
- Click OK.