Define Control Tables - Equity Share in Associated Companies

Follow the next steps to define the accounts to base equity share calculations on and how to book them in the period database.

Note:
  • Offset Account is not in use for this control table.
  • If you want to book the journal on different accounts depending on whether the capital of the associated company is positive or negative, you must define the Condition tab in the Define Automatic Journals window. You should first make two copies of the control table and then disable control table E500. Define the same From Accounts in both control tables, but define different To Accounts and different conditions. Use the condition >0 in one control table and <0 in the other.
  • On the rows where the original value should be eliminated, the To Account can be left empty.
  • If summation accounts are used, only enter them as From Account 1. You should not use intervals with summation accounts.

Procedure

  1. On the Maintain menu, click Configuration/Automatic Journals/Control Tables/Acquisition Calculations. The Control Tables - Acquisition Calculations window opens.
  2. Select control table E500, Equity Share in Associated Companies. Click OK.
  3. Enter a journal number. The automatic journal 61 type is displayed automatically.
  4. If necessary, enter a closing version and journal type.

    A blank journal type means that the journal will be booked on the same journal types as the calculation basis.

  5. You can select a Contribution Version. If you select a contribution version, it must belong to the automatic journals defined with a lower level than the level of the present automatic journal. Note that by leaving the contribution version field blank, only base values will be used as the calculation basis.
  6. In the From account column, enter the accounts, normally equity accounts. on which to base the calculations of equity shares for associated companies.
  7. In the Sign column, you usually enter a plus sign if the value should be booked with the same sign as the From Account, or a minus sign if the value should be booked with the reversed sign.
  8. In the To Account (OB) column, enter the OB account belonging to the selected To Account for change.
  9. In the To Account (change) column, enter the accounts where the elimination should be posted.

    If you have a non integrated reserves specification, you need to have both the detailed account and the main account as To accounts.

  10. If applicable, enter the dimension codes to which the calculated transactions will be stored.
  11. Click Save.