Intercompany difference to elimination

Step by step

1. Accept subsidiary balances Consolidation Manager

   Consolidation Manager: Independently accept a frozen submitted revision only after balance, source period, currency and mapping checks. Count distinct required entities with current Accepted submissions; Submitted and Imported do not satisfy readiness.

   • Updates Subsidiary trial balances, Trial balance lines
   ApprovalA person approves before the work moves on.

2. Resolve and eliminate intercompany Consolidation Manager or Group Controller / Corporate CFO

   Consolidation Manager: Match reciprocal source identities once, resolve differences explicitly and independently approve balanced elimination proposals. A manual proposal prepared by the manager requires Group Controller / Corporate CFO review. Posting affects the consolidation layer only.

   • Updates Intercompany transactions, IC reconciliation, IC disputes, Eliminations, Elimination lines
   ApprovalA person approves before the work moves on.

3. Build consolidated results Consolidation Manager

   Consolidation Manager: Build one result set from the same complete run. Include the closing translation adjustment, posted elimination history and its linked reversals, and approved balanced adjustment and allocation effects. Validate account totals, entity coverage and movement reconciliations before review.

   • Updates Consolidation runs, Consolidated trial balance, Consolidated financials

Consolidation Manager

Manage consolidation periods and run preparation.

Group Controller / Corporate CFO

Review all authorised group financial records.