Validation of Additional Financial Data  

Use

You use this function to validate the additional financial data.

Prerequisites

You have collected the additional financial data (for example, by means of manual data entry).

Features

You have the option to validate inventory data, investment data, and/or equity data when defining tasks for validation.

Depending on the type of additional financial data, you can determine whether an error message or a warning is displayed when an indiscrepancy is found; this is done when customizing the validation task.

If the task for validating standardized financial data discovers errors, you cannot execute any downstream consolidation steps. In this case, you must first ensure the accuracy of the additional financial data.

Activities

A. Customizing: Define the Task

·        Define the validation task as described in section Execution of Validations.

·        In the Additional Financial Data box, choose which additional financial data is to be validated, and for each selection determine whether to produce an error message or a warning if an error occurs.

B.  Execute validation task

Execute the validation task in the consolidation monitor.

...

       1.      Place the cursor at the junction between the validation task and the consolidation unit or group.

       2.      Choose Update Run.