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Glossary

Creating and Configuring Consolidation Areas

Overview

Consolidation areas contain organization elements (e.g. reporting entities, cost centers or subordinate consolidation areas) and can be used to display group and subgroup structures in Lucanet.

Consolidation areas are required for the wizard-assisted consolidation using Consolidation 1 and can be created in the Consolidation areas workspace, where the corresponding reporting entities can be assigned.

Creating a Consolidation Area

Consolidation areas are created in the Consolidation areas workspace. To create a consolidation area:

1

Open the Consolidation areas workspace in the Consolidating folder.

2

Right-click the Consolidation areas folder or a folder and choose Create | Consolidation area from the context menu:

Create a consolidation area
3

The Create consolidation area dialog is displayed:

Dialog 'Create consolidation area'
4

Enter a name for the consolidation area in the Name field.

5

Select the transaction currency in which the consolidation is to take place. Caution: The transaction currency cannot be changed anymore after being created!

6

Click Save.

The consolidation area is created.

7

In the detail view of the new consolidation area, click Edit and configure the consolidation area (see following section).

'Edit' button in the details view of a consolidation area

Configuring a Consolidation Area

The detail view of a consolidation area is displayed as follows:

Detail view of a consolidation area
Detail view of a consolidation area

The following options for consolidation areas must be configured:

General

  • Name: Name of the consolidation area
  • Consolidation reporting entity: The organization element in which the consolidation postings are to be made

Organization elements

Composition of the consolidation area. In the table, choose:

  • Assigned organization elements: Organization elements that are directly assigned to the consolidation area
  • The parent company
  • Proportional: Proportionally consolidated consolidation units
  • Percentage: Percentage for proportionally consolidated consolidation units
  • Subordinate consolidation areas: Consolidation areas that are subordinate to the consolidation area (= subgroups)

Last updated on Aug 16, 2023

Table of Contents
Creating and Configuring Consolidation AreasOverviewCreating a Consolidation AreaConfiguring a Consolidation Area
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