Consolidation Frequency

Definition

The consolidation frequency determines how many consolidated financial statements are generated per fiscal year.

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

Example Example

  • Annual consolidation

  • Semi-annual consolidation

  • Quarterly consolidation

  • Monthly consolidation

End of the example.

Structure

Consolidation Interval and Consolidation Period

The consolidation frequency subdivides the periods – starting at 001 – without gaps into Consolidation Intervals.

Example Example

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

End of the example.

Only the ending period of the consolidation intervals can be posted; these periods are called consolidation periods.

Example Example

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

End of the example.
Periodic and Cumulative Processing

The system's periodic and cumulative processing differ as follows:

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

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

Definition of Consolidation Frequencies

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

The user interface for defining the consolidation frequencies displays the periods that can be posted. If you require additional periods (for example, because you want to consolidate weekly), you can show additional periods.