Debit/Credit Shifts in Consolidation Areas

Getting Started

Global Functions

Administration

Extended Planning & Analysis (xP&A)

Consolidation & Financial Planning

User Interface of Lucanet Consolidation & Financial Planning

General Functions

Basic Configuration

Dashboards

Reporting & Analyzing

Import and Journals

Planning

Consolidation

Consolidation 1

Consolidation 2

All Steps at a Glance

Basic Elements

Defining the Group Structure

Administrating Master Data

Creating Consolidated Financial Statements

Creating and Configuring Data Transfer and Proportioning

Creating and Configuring Consolidation Apps

Debit/Credit Shifts in Consolidation Areas

Elimination of Income from Investments

Elimination of Intercompany Income and Expense

Elimination of Intercompany Debt

Equity Elimination

Reclassification of profit or loss from previous year in consolidation areas

Elimination of Intercompany Profit or Loss in Current Assets

Notes on Migration from Lucanet.Financial Client

Adjust and Reclassify Values in Consolidation Areas

Executing the Consolidation

Dimensions

Excel-Integration

Workspace Configuration

ESG Reporting

Disclosure Management

XBRL Tagger

Lease Accounting

Banking & Cash Management

Data Collection

Tax Compliance & Reporting

Glossary

The aim of the app Debit/credit shifts in consolidation areas is to automatically standardize the debit/credit presentation of financial values across the consolidated group by generating the necessary shift entries to ensure each balance appears on a single side in the consolidated financial statements.

The debit/credit shifts in consolidation areas are calculated based on the values of an adjustment level group and posted to an adjustment level for consolidation postings that is included in this adjustment level group. Optionally, it is possible to define whether individual consolidation areas should be excluded from execution.

To configure the app for debit/credit shifts in consolidation areas, click the app in the structure view and click Edit in the displayed dialog.

Configure the steps as described below.

In the Settings step, specify the general settings for the configuration:

Here the Debit/Credit shifts are explained. — Debit/Credit shifts

The following options are available:

Choose whether the consolidation should include:

Only debit/credit shifts that are

configured on items

Only debit/credit shifts that are

configured on accounts

Both

If you activate the checkbox

Configured on accounts

, the app will compare the balances of the debit/credit shift accounts with the balances of the debit/credit shift items configured in the

account properties

of the debit/credit shift accounts on the

Debit/credit shift

tab.

Activate both checkboxes if you want to take into account debit/credit shifts configured at the account level as well as those configured at the item level during the consolidation.

The consolidation areas that are to be included in the app execution.

By default, all consolidation areas of the group are included.

Choose Individual selection and click Add rows to choose individual consolidation areas in the table that is subsequently displayed. Select one of the following options:

Include

In the table, select individual consolidation areas to be included.

Exclude

In the table, select the consolidation areas that are to be excluded.

In the Adjustment levels step, specify the adjustment levels that should be taken into account when performing the debit/credit shifts.

The app also carries out postings at adjustment levels that are locked for other postings.

Here the tab App configuration is explained. — Tab 'App configuration'

The following options are available:

Adjustment level group including all adjustment levels for data imports, proportioning, and consolidation postings.

Please ensure that the target adjustment level is included in this adjustment level group. This will be the basis for the consolidation of debit/credit shifts.

Adjustment level for consolidation postings to be used for the debit/credit shift consolidation postings.

As long as a step has not been fully configured and/or configuration errors exist, it is displayed with a red exclamation mark

Once a step is configured completely and without any errors, it is displayed with a green check mark

You can close the configuration dialog by clicking the arrow icon

at the top left.

To change the name of the app, select the app in the tree view and choose

Properties

from the context menu.

You can execute the app for the Debit/credit shifts in consolidation areas either separately, together with other apps in an executable folder or as part of consolidated financial statements.

How to proceed in each case is described under Execute consolidation.

On the Created elements tab, the postings that were created during the app execution are shown.

The table provides the following information:

Type

of the element

Path

under which the element was created. When you click on the link, you are taken directly to the posting in the relevant

journal

Date of the

last execution

that created the element

Shows the 'Created elements' tab of a Consolidation app — Tab 'Created elements'

If necessary, you can delete all elements.

Note: Once all elements have been deleted, the state of the wizard is Not executed again.

The App properties are displayed on the tab of the same name:

Shows the 'Properties' tab of a consolidation app — 'Properties' tab

The following App properties are displayed:

Type

of the element

Function of the

App

Version

of the element.

New available version

As soon as a new version of the app is available that contains changes to the app configuration and/or the calculation logic of the app, the Refresh command is displayed, allowing you to update the app to the latest version.

Information about the changes to each version can be found in the Release Notes, which can be accessed via the link of the same name.

We strongly recommend to update all apps to the new version as soon as possible because it cannot be guaranteed how long an app with an obsolete version can be executed.

Last updated on Aug 16, 2023

Debit/Credit Shifts in Consolidation Areas

Overview

Configuring Debit/Credit Shifts in Consolidation Areas

Executing the Debit/Credit Shifts in Consolidation Areas

Displaying and Deleting Created Elements

Displaying the App Properties

Debit/Credit Shifts in Consolidation Areas

Overview

Configuring Debit/Credit Shifts in Consolidation Areas

Settings

Consolidation includes debit/credit shifts

Consolidation areas

Adjustment levels

Consolidated

Target

Executing the Debit/Credit Shifts in Consolidation Areas

Displaying and Deleting Created Elements

Displaying the App Properties

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