Specific accounts

The Specific Accounts page shows the list of specific accounts along with their corresponding group chart of accounts necessary for Financial Consolidation to carry out the consolidation and to automatically book the elimination entries. Specific accounts can be used to record intercompany transactions so they can be identified and eliminated.

Consolidation always involves certain rules on how to combine business entities with various degrees of control to produce the most meaningful representation of the group figures. In Financial Consolidation, these rules are applied through system eliminations and automatic entries that are recorded throughout the consolidation process. To ensure a smooth consolidation process, "specific accounts" are used to link the required eliminations and entries to the relevant accounts within the group's Chart of Accounts.

The Specific Accounts page is accessed from the Chart of Accounts page by clicking .

Assign relevant accounts to specific accounts

On the list, click beside the account number you want to assign to a particular specific account.
In the Details [pop-up, enter the Account Number or click to search for the account number.
Click to save the new account assigned.
Click to return to the Chart of Accounts page.

The following table lists all the specific accounts with their major attributes:

Specific Accounts	Description	Required	Possible Consolidation Elimination	Remarks
PLBAL	Assign this to the Balance Sheet account used to book the Net Result at statutory/bundle level.	Yes	S001: Conversion S079: Proportional eliminations S081: Equity eliminations S085: Minority Interests	At consolidated level, this will always be replaced by the amount of the specific account PLINC (i.e. PLBAL = PLINC).
PLINC	Assign this to the P&L account used to book the Net Result at statutory/bundle level.	Yes	S001: Conversion S079: Proportional eliminations S081: Equity eliminations S085: Minority Interests
MinorPLProfit	Assign this to the P&L account used to book the Minority Share of Profit at consolidated level. MinorPLProfit and MinorPLLoss specific accounts can be assigned to the same account.		S085: Minority Interests	This specific account is required, if there is any company in the consolidation scope defined with Minority% <> 0.
MinorPLLoss	Assign this to the P&L account used to book the Minority Share of Loss at consolidated level MinorPLLoss and MinorPLProfit specific accounts can be assigned to the same account.		S085: Minority Interests	This specific account is required, if there is any company in the consolidation scope defined with Minority% <> 0.
Retained Earnings	Assign this to the Balance Sheet account used to book the Accumulated Profit (Loss) at statutory/bundle level.	Yes	S001: Conversion S079: Proportional eliminations S081: Equity eliminations S087: Shareholders funds eliminations
Equity Profit	Assign this to the P&L account used to book the Group Share of Profit of companies consolidated with Equity method. EquityProfit and EquityLoss specific accounts can be assigned to the same account.		S081: Equity eliminations	This specific account is required, if there is any company in the consolidation scope defined with Equity method.
Equity Loss	Assign this to the P&L account used to book the Group Share of Loss of companies consolidated with Equity method. EquityProfit and EquityLoss specific accounts can be assigned to the same account.		S081: Equity eliminations	This specific account is required, if there is any company in the consolidation scope defined with Equity method.
ConsoReserves	Assign this to the Balance Sheet account used in the consolidation adjustments to book Reserves.		S001: Conversion S079: Proportional eliminations S081: Equity eliminations S087: Shareholders funds eliminations
TransReserves	Assign this to the Balance Sheet account used to book the Minority Interests on Equity and Translation Differences calculated by Financial Consolidation.		S085: Minority Interests S093: 3rd Parties on Participation (Owner)	For companies with Minority% <> 0, this will offset the Minority Share of all the accounts defined as “Split account between Group and 3rd Parties” (i.e. Equity and Participation accounts). This specific account is required, if there is any company in the consolidation scope defined with Minority% <> 0.
MinorInterests	Assign this to the Balance Sheet account used to book the Minority Interests on Equity and Translation Differences calculated by Financial Consolidation.		S085: Minority Interests S093: 3rd Parties on Participation (Owner)	For companies with Minority% <> 0, this will offset the Minority Share of all the accounts defined as “Split account between Group and 3rd Parties” (i.e. Equity and Participation accounts). This specific account is required, if there is any company in the consolidation scope defined with Minority% <> 0.
TDBS	Assign this to the Balance Sheet account used to book the Translation Differences calculated on the Equity and Participation accounts.	Yes	S001: Conversion S079: Proportional eliminations S085: Minority Interests	The S001: Conversion elimination will generate an automatic entry that will transfer the translation difference calculated on all accounts configured with historical rates at the specific flow TransAdj to this specific account.
TDPLDebit	Assign this to the P&L account used to book consolidated Exchange Losses.	Yes	S001: Conversion	This specific account requires a Debit balance.
TDPLCredit	Assign this to the P&L account used to book consolidated Exchange Gains.	Yes	S001: Conversion	This specific account requires a Credit balance.
EquityVal	Assign this to the Balance Sheet account used to book the Group Share of Equity Value of companies consolidated with Equity method.		S081: Equity eliminations	For companies with Equity consolidation method, this will offset the Group Share of all the accounts defined as “Include account for equity calculation” (i.e. Equity and Participation accounts). This specific account is required, if there is any company in the consolidation scope defined with Equity method.
NotBalBS	Assign this to the Balance Sheet account used by Financial Consolidation to balance the unbalanced Balance Sheet amount at consolidated level.	Yes	S001: Conversion	This is simply the difference between P&L Debit and P&L Credit.
NotBalBS	Assign this to the P&L account used by Financial Consolidation to balance the unbalanced Profit & Loss amount at consolidated level	Yes	S001: Conversion	This is simply the difference between P&L Debit and P&L Credit.
ConsoDiff	Assign this to the Balance Sheet account used to book the Consolidated Reserves calculated by Financial Consolidation. The Consolidated Reserves refer to the accumulated Group Profits of all the consolidated companies from the day they joined the consolidation scope.	Yes	S085: Minority Interests S087: Shareholders funds eliminations S090: Participation eliminations (Owned)	The ConsoDiff specific account does not include the Net Result and Reserves of the mother company. It can also be separated from the Consolidated Reserves coming from the adjustments (the later can be assigned to the ConsoReserves specific account).
LinkEquitiesElim	Assign this to the Balance Sheet account used by Financial Consolidation to transfer the consolidated participation into the appropriate consolidated reserves.			This specific account is purely technical.
LinkPartElim	Assign this to the Balance Sheet account used by Financial Consolidation in the booking of participation eliminations.	Yes	S089: Participation eliminations (Owner) S090: Participation eliminations (Owned) S093: 3rd Parties on Participation (Owner)	This specific account is purely technical. It will take the Participations figures of all parents and knock it off with the ConsoDiff figures of the children.
RoundedBS	Assign this to the Balance Sheet account used to book differences due to rounding errors.
MinorBSProfitLoss	Assign this to the Balance Sheet account used to book the Minority Share of Net Result calculated by Financial Consolidation.		S085: Minority Interests	This specific account is required, if there is any company in the consolidation scope defined with Minority% <> 0.