Entering Goodwill Data 

Use

Typically, the system automatically computes and amortizes goodwill. Consolidation of investments automatically writes these goodwill entries to the additional financial data table.

You can also add manual goodwill entries to the additional financial data. Manual goodwill entries are also amortized automatically by the system.

The entry of manual goodwill is particularly useful for legacy data transfers.

See also the section Goodwill.

Prerequisites

·       If you want to use the goodwill in local currency feature, you will have activated the feature in the settings for the consolidation area.

·       The other prerequisites are listed in section Manual Entry of Additional Financial Data.

Procedure

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      1.      Launch the consolidation monitor.

      2.      In contrast to the additional financial data for investments, equity, and equity holdings adjustments, goodwill entries explicitly contain the consolidation group. This means that a goodwill entry is only valid in the one consolidation group it is associated with.

Therefore, execute (in update mode) the task for entering additional financial data for a specific consolidation group.

      3.      In the data entry overview screen, choose which additional financial data you want to enter (in this case, goodwill) by choosing the corresponding execution symbol.

You see a navigation screen that lists all consolidation units for which you can enter goodwill data.

      4.      You can either change goodwill data for existing activities, or enter goodwill data for a new activity.

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                        a.     To change goodwill data for an existing activity, choose the activity for the desired consolidation unit (or combination of consolidation units).

                        b.     To create a new activity, right-click a consolidation unit (or combination of consolidation units) and choose Create Activity in the context menu. Then select the type of activity (for example, first consolidation).

The Additional Fin. Data: Goodwill screen appears.

      5.      Enter the required data on the Additional Fin. Data: Goodwill screen.

If you have activated goodwill in local currency for the consolidation area, additional input fields appear on the screen. However, to remove these additional fields for a specific goodwill entry, you can deselect Carried in Local Currency and choose Continue.

      6.      You can enter a comment for the goodwill data, if desired.

      7.      Save the data.

      8.      Repeat the same procedure for other consolidation units (or combinations of consolidation units).