Specific flows
The Specific Flow page shows the list of specific flows along with their corresponding group chart of flows necessary for Financial Consolidation to carry out the consolidation and to automatically book the elimination entries.
In addition to the specific accounts, certain movements are needed in Financial Consolidation to complete the configuration of systematic rules and movements throughout the consolidation process. Through the existence of such movements, called specific flows, eliminations rules, movements, and entries necessary for the consolidation process will be linked to the relevant movements and flows taken from the list of movements (Chart of Flows) of the group.
The Specific Flow page is accessed from the Chart of Flows page by clicking .
Assign relevant flows to the specific flows
-
On the list, click
beside the flow number you want to assign to a particular specific flow
- In the Details pop-up, enter the Flow Number or click
to search for the flow number.
-
Click
to save the new flow assigned.
-
Click
to return to the Chart of Flows page.
The following table lists all the specific flows with their major attributes:
Specific Flows | Description | Required | Possible Consolidation Elimination | Remarks |
---|---|---|---|---|
ThisPeriodProfitLoss | Assign this to the flow used to book the net result of the current period in the Balance Sheet. | Yes |
S079: Proportional eliminations S081: Equity eliminations S085: Minority Interests |
This specific flow normally follows the PLBAL specific account. It represents the current net result portion of the specific account. It will be used by all journals where the Net Result from Balance Sheet line is added automatically. |
Appropriation | Assign this to the flow used to transfer the net result of the previous year into the reserves. | S085: Minority Interests | ||
Dividends | Assign this to the flow used to book the dividend paid out in the current period but related to the result of the previous year. | S085: Minority Interests | ||
InterimDividends | Assign this to the flow used to book the dividend paid out in the current period which is related to the result of the current year. | S085: Minority Interests | ||
NetVar | Assign this to the flow used to book the net variation of the period. | Yes |
S001: Conversion S079: Proportional eliminations S081: Equity eliminations S089: Participation eliminations (Owner) S093: 3rd Parties on Participation (Owner) |
To put the difference between the amount of the main account and the various manually filled–in flows and the specific flow ‘PreviousPeriodAdj’ for accounts defined with ‘Automatic Flows’ |
ProfitLossAdj | Assign this to the flow used to book adjustments of result at consolidation level. | S085: Minority Interests | ||
ProfitToReserves | Assign this to the flow used to book adjustments to transfer the net result of the previous year into the reserves. | S085: Minority Interests | ||
ReservesAdj | Assign this to the flow used to book adjustments of reserves. |
S079: Proportional eliminations S081: Equity eliminations S087: Shareholders funds eliminations S089: Participation eliminations (Owner) |
||
PreviousPeriodAdj | Assign this to the flow used as opening balance flow in the consolidation adjustments. | Yes |
S001: Conversion S085: Minority Interests S089: Participation eliminations (Owner) S090: Participation eliminations (Owned) S093: 3rd Parties on Participation (Owner) |
|
Transfer | Assign this to the flow used to book transfers between accounts. |
S079: Proportional eliminations S081: Equity eliminations |
||
DifferenceOnOpening | Assign this to the flow used to book differences on opening balances in the statutory bundles, i.e. to book variations between published accounts and amounts mentioned in the bundle. | |||
CompanyAcquired | Assign this to the flow used to book entries into the scope |
S079: Proportional eliminations S081: Equity eliminations S087: Shareholders funds eliminations |
||
CompanyDisposed | Assign this to the flow used to book exits from the scope. | |||
Merge | Assign this to the flow used to book merge between two companies. | |||
PreviousTransAdj | Assign this to the flow used by Financial Consolidation to book the previous period’s translation adjustments. | S001: Conversion | ||
TransAdj | Assign this to the flow used by Financial Consolidation to book the current period’s translation adjustments. | Yes |
S001: Conversion S085: Minority Interests |
|
RoundedErrors | Assign this to the flow used to book differences due to rounding errors. | |||
UnexpVar | Assign this to the flow used by Financial Consolidation to book the unexplained variations. ’ | Yes | S001: Conversion | To put the difference between the amount of the main account and the various manually filled in flows and the specific flow ‘PreviousPeriodAdj’ for accounts defined with ‘Manual Flows |
VarPercInteg | Assign this to the flow used by Financial Consolidation to book the variation of % integration. | |||
VarConsoMeth_GE | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Global to Equity method. | |||
VarConsoMeth_EG | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Equity to Global method. | |||
VarConsoMeth_PE | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Proportional to Equity method. | |||
VarConsoMeth_EP | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Equity to Proportional method. | |||
VarConsoMeth_PG | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Proportional to Global method. | |||
VarConsoMeth_GP | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Global to Proportional method. | |||
VarConsoMeth_CE | Assign this to the flow used by Financial Consolidation to book the variation of consolidation method, from Consolidated to non-consolidated. |