Skip to Content
Former Member
Aug 24, 2015 at 05:58 AM

Legal Consolidation


Hi All,

In Legal consolidation, there will be balance sheet and income statement. These items are different by nature. For example, we do not need flow dimension for income statement but we need the flow dimension for balance sheet. Also, the data entry method for income statement is usually by period while balance sheet is cummulative.

What is the common practice for legal consolidation? Do we need to create 2 models (one for income statement and the other one for balance sheet)?

Thank you.