Apps that are supported in the CFO Solution Platform Apps that are not supported in the CFO Solution Platform General notes and notes on migration of the app for equity elimination Notes on the app Adjust and reclassify values in consolidation areas
You can only create, configure and execute these apps in Lucanet.Financial Client. Apps that have already been created in Lucanet.Financial Client are displayed in the CFO Solution Platform (grayed out). However, the apps can neither be clicked nor configured or executed.
Adjust and reclassify values in consolidation areas Status report for the consolidation process Report on investment relationships Report on deconsolidation
Data transfer and proportioning Debit/credit shifts in consolidation areas Elimination of income from investments Elimination of intercompany income and expense Elimination of intercompany debt Elimination of intercompany profit or loss in current assets Reclassification of profit or loss from previous year in consolidation areas
You can create, configure and execute new apps in both environments. You can edit or execute apps already created in Lucanet.Financial Client seamlessly in the CFO Solution Platform. Apps that have been created in the CFO Solution Platform can also be seamlessly edited and executed in Lucanet.Financial Client. The reports and postings generated by these apps can be accessed in both environments.
The app can be created in Lucanet.Financial Client or the CFO Solution Platform. Configuration of the app is only possible on the Lucanet CFO Solution Platform. Apps configured on the Lucanet CFO Solution Platform can be executed in both environments. The postings created by this app can be accessed in both environments.
The business logic of the app for equity elimination was further developed and adapted in certain aspects on the Lucanet CFO Solution Platform: In the app for equity elimination Next Generation, among other things, The recognition of goodwill and negative consolidation differences on the level of the investor and the allocation of these values by investors via the partner dimension is no longer supported. This change corresponds to standard GAAP interpretations which stipulate that goodwill must be assigned to certain business units and not based on ownership interests. Moreover, when using the Next Generation app for equity elimination, the option for presentation of the non-controlling interests per source account is omitted.
In order to apply this new business logic correctly when switching to the Lucanet CFO Solution Platform, we urgently recommend performing an automatic migration, as a correct presentation of the balances of the differentials and non-controlling interests cannot be guaranteed with manual postings. To perform an automatic migration, you must create the app for equity elimination Next Generation and activate relevant migration options. The migration concerns the reclassification of goodwill and negative consolidation differences merging of balances of non-controlling interests that were posted per origin account Additional information on migration can be found in the description under Equity Elimination Settings section underMigration from the legacy app
