CONSOLIDATION OPENING BALANCE

[Former Member]

Hi Experts

I just need to know how BPC calculate opening balance for consolidation entity

does it take all opening balances for all entities  and consolidate then post the elimination entries

or it just carry forward the last year closing balance for consolidated entity ?

[praveen_jagadeesan]

Hi Awad,

To be very short , it is not a simple BCF. Please check the below article by Fred Wei

http://scn.sap.com/docs/DOC-62462

Thanks and regards

Praveen Jagadeesan

[Former Member]

Hi Awad,

The carry forward task is the opening step of the consolidation process, before run the consolidation and elimination process. The elimination step comes before consolidation process. BPC only can carry forward the last year closing balance for consolidation entity.  However you can carry forward  task as often as you need to since it is so flexible. The carry forward of balances is an essential step in the creation of a balance sheet for an organization. Carry forward refers to the closing balance of accounts for a fiscal period being transferred as the opening balance of a subsequent fiscal period. The carry forward balance rules can also be used to close current period net income and post to the balance sheet to create a fully balanced balance sheet. We are carrying forward mainly balance sheet item.

Khokan

[Former Member]

Hi KHOKAN

I know how to use BALANCE CARRY FORWARD

I Just need to know how its used in the consolidation group Level

do we carry forward balances for all entities in LC then the system consolidate this opening balance to the consolidation entity ?

or we just carry forward the closing balance of the consolidation entity to the ope balance of the next year ?

[Former Member]

Hi Awad,

We only carry forward the I and M type of data. The A type of data will be calculated by the system using some or the other logic.

With respect to the currencies, you can carry forward the currencies except LC also. However, you should not run currency translation on these types of accounts.

That mean you can carry forward the balance for all entities in LC then the system consolidate this opening balance to the consolidation entity.

Hope this helps.

Khokan