Effective Dates and Ownership Sets in Consolidation and Equitization

Consolidation and Equitization support the use of multiple effective-dated subsidiary ownership sets. Effective dates dictate to which period of the fiscal year a certain ownership set is applied. There are two options for selecting the dates within the Consolidations Set and Equitization Group:

• By Period End Dates.

• By Process Request as of Date.

If you choose to select ownership sets by Period End Dates, the process selects the effective ownership date to use based on each accounting period being processed.

Adjustment Periods are processed with the current (latest) accounting period.

The effective ownership date can also be determined By Process Request As of Date and only the most recent Ownership Set definition is used. Regardless of the option selected, the journals that are created by the consolidation process are dated as of the process request date.

When changing parents and percentages, always add a new effective dated row for the new ownership set so as not to change history. That is to say, do not change the effective date on an existing ownership set that has been used in a previous run if you want to retain the consolidated information, nor should you change the subsidiary entity on an existing ownership set.