1. Administering Financial Consolidation and Close
  2. Consolidating Data
  3. Managing Ownership

Managing Ownership

Ownership management consists of managing global consolidation settings and the application of those consolidation settings to each entity hierarchy on a scenario-by-scenario, year-by-year and period-by-period basis.

Ownership settings are applied to each Entity parent/child combination for each Scenario, Year and Period combination.

The Ownership Management screen also includes a column that displays the Locked/Unlocked status of entities based on their Approval Unit status. In the Approvals process, there is one Approval Unit for all instances of a shared entity. As a result, when data for one instance is Locked in Approvals, all instances are Locked. The same Locking logic is applied to Ownership Management. When data is locked for an Approval Unit POV, Ownership Management settings are also locked for the same Approval Unit POV.

Ownership settings data will be Locked when the matching Approval Unit is Locked or the parent of the matching Approval Unit is Locked. Under these conditions neither data nor Ownership data / settings can be entered or changed.

Ownership settings / data will be Unlocked when the matching Approval Unit is not Locked (any status other than Locked) and the parent of the matching Approval Unit is not Locked. Under these conditions, both data and Ownership data / settings can be entered or changed.

Changes to Ownership Management are only allowed for Unlocked entities to ensure that changes cannot be made that impact Entity data for which the Approval Unit is already Locked. Ownership settings cannot be imported for an entity that is Locked (<parent / entity>).

If you want to disable this functionality, you can add a substitution variable named LinkOwnershipandDataLocking and set it to False. When set to False, locking and unlocking requirements will not be applied.

To access Ownership Management:

  1. On the Home page, click Application and then click Consolidation.
  2. Click Manage Ownership.
  3. Select the Entity parent member for which to view the hierarchy.
  4. Select the Scenario, Year and Period.
  5. Click the Update arrow button (Update button) to update the screen to the selected POV.

    You can expand or collapse the hierarchy as required.

  6. Click the Parent/Child button to view the full hierarchy.
  7. Click the Parent/Legal Entity button to see the ultimate ownership settings for each parent with each of its descendant legal entities (note that currently all base entities are deemed to be Legal Entities).
  8. Before making any changes to Ownership Management, view the Locked/Unlocked column for the entity. Changes are only allowed for Unlocked entities.

Parent/Child View

Initially, all members will inherit the following settings:

  • Ownership %: 100

  • Control: Yes

  • Consolidation Method: Subsidiary

  • Consolidation %: 100

  • Minority Interest %: 0

The only exception will be any shared entities (for example, where an entity exists more than once in a single hierarchy). The first instance will inherit the settings noted above while each subsequent instance will have the following settings:

  • Ownership %: 0

  • Control: No

  • Consolidation Method: Not Consolidated

  • Consolidation %: 0

  • Minority Interest %: 0