Consolidation Frequency 

Definition

The consolidation frequency determines the number of consolidated financial statements to be generated during a fiscal year.

In the consolidation system, the ranges of accounting periods to be included for each set of consolidated statements are assigned to consolidation frequencies.

§         Annual consolidation

§         Semi-annual consolidation

§         Quarterly consolidation

§         Monthly consolidation

Structure

Consolidation interval and consolidation period

The consolidation frequency arranges the periods without gaps into consolidation intervals - beginning with 001.

For quarterly consolidation, the consolidation intervals are 001-003, 004-006, 007-009, and so on.

You can only post in the closing periods of consolidation intervals. These periods are known as consolidation periods.

For quarterly consolidation, the consolidation periods are 003, 006, 009, and so on.

Periodic and cumulative processing

Periodic and cumulative processing in the system is distinguished as follows:

·        For periodic processing, the system includes in the calculation all periods of the consolidation interval that were posted in the consolidation period.

·        For cumulative processing, the system also includes all previous periods of the consolidation interval.

Definition of consolidation frequencies

When defining consolidation frequencies, you select the valid consolidation periods.

The maintenance screen shows the periods in which you can make postings. You can insert additional periods if required (for example, if you want to perform weekly consolidation).