John just sent me an email with some information on how to run the investment / equity elimination task for first consolidation of the equity method and interpret the log. Let’s get started.
Validate the Log Results for Rule 510
Now that you have configured the rules for first consolidation of the equity method, you can run task 2100 from the consolidation monitor.
In the log for the United States (US00), Sequence number 510 eliminates the owner’s investment with an offset to FS item 1721OC (Elimination of Investment for Owner Consolidation Units).
- Debit 1721OC 130.000
- Credit 172100 -130.000
The Triggering Amount is the investment value for US00.
Validate the Log Results for Rule 511
In the log for US00, Sequence number 511 includes the investment Triggering Amount.
Note
The Triggering Amount for the investment appears in the log entry for US00 because US00 contains the trigger value.
In the log for CA00, Sequence number 511 records the Investment in Held Consolidation Units with an offset to Prior Years Retained Earnings.
- Debit 316000 130.000
- Credit 1721HC -130.000
Validate the Log Results for Rule 540
In the log for CA00, Sequence number 540 allocates the group share of the capital to FS item 171000 (Consolidation at Equity). The offsetting entry is to FS item 321100 (Non-Controlling Interest Prior Years Retained Earnings).
- Debit 171000 34.664
- Credit 321100 -34.664
The Triggering Amount is the capital value (-99.040) for CA00.
Validate the Log Results for Rule 541
In the log for CA00, Sequence number 541 allocates the group share of the capital to FS item 316000 (Prior Years Retained Earnings) with an offset to FS item 321100 (Non-Controlling Interest Prior Years Retained Earnings).
- Debit 321100 34.664
- Credit 316000 -34.664
The Triggering Amount is the capital value (-99.040) for CA00.
Validate the Log Results for Rule 544
In the log for CA00, Sequence number 544 allocates the group share of the prior years retained earnings to FS item 171000 (Consolidation at Equity) with an offset to FS item 321100 (Non-Controlling Interest Prior Years Retained Earnings).
- Debit 171000 12.992
- Credit 321100 -12.992
The Triggering Amount is the prior years retained earnings value (-37.120) for CA00.
Validate the Log Results for Rule 571
In the log for CA00, Sequence number 571 posts the goodwill to FS item 171000 (Consolidation at Equity) with an offset to FS item 316000 (Prior Years Retained Earnings).
- Debit 171000 82.334
- Credit 316000 -82.334
The Triggering Amount is the goodwill value (82.334) for CA00.
