Define Additional Code Parts Value
Explanation
This activity is used to define counterparts and other additional code parts to
be used in the Group Consolidation process. Counterparts are used to eliminate
the internal transactions of a group of companies. Code parts N to T can
optionally be used internally in the master company for e.g. reporting of
non-IS/BS related information.
Prerequisites
In order to perform this activity, a master company (i.e. a company with the
Master Company check box selected on the Company/General
tab) should exist.
System Effects
As a result of this activity, values for
counterparts and other additional code parts will be available in the system to
be used in the Group Consolidation process.
Window
Additional Code Part Values
Related Window Descriptions
Additional Code Part Values
Procedure
To define counterparts:
- Open the Additional Code Part Values window and create a
new record on the Counterpart One tab.
- Enter an ID for the counterpart value in the Counterpart One
field and a description in the Description field.
- Enter the reporting entity
represented by the counterpart one value in the Reporting Entity field
to be able to identify necessary eliminations of internal
trade balances based on a company structure. The
List of Values can be used to select the relevant reporting entity. Only
reporting entities of Reporting type can be used. This field can be
left blank if the counterpart value represents an external counterpart which
is not related to a reporting entity.
- Specify the time period for which the counterpart will be valid by entering
the relevant dates in the Valid From
and Valid Until fields.
- Repeat steps 2-4 to enter all the required counterpart values for
counterpart one.
- Click on the Counterpart Two
tab and repeat steps 2, 4 and 5 in order to enter code part values for counterpart
two.
- Depending on which additional code parts that are used by the company,
click on tabs Code N to Code T and repeat steps
2, 4 and 5 in order to enter code part values for the other additional code
parts.
- Save the information.