Process documentationExecution of a Reclassification

 

You perform this process if you want to reclassify the reported financial data or the consolidated data of one or more consolidation units.

You might need to perform reclassification tasks at various stages in the consolidation process:

  • After the collection of the reported financial data – to standardize the data to meet the standards required by the corporate group

  • After currency translation of the reported financial data – to standardize the data translated into group currency to meet the standards required by the corporate group

  • After currency translation and the standardization of the reported data – as one of the tasks belonging to the consolidation process itself

  • After performing all of the remaining consolidation tasks – to prepare the consolidated data for the creation of group statements

Process

Customizing
Define Document Type and Task

  • Define a task for the reclassification.

  • Define a document type.

Create Method Layout

  1. Check whether a standard method layout already meets your requirements.

  2. If necessary, change the method layout or create a new one:

    1. Decide which elements you want to use in the reclassification:

      • Percentage rate

      • Condition

      • Source (needed only if the trigger and the source are not the same)

      • Target

      You must use one of the two elements source or target.

    2. Select the characteristics needed for the reclassification.

    3. If needed, create substeps in the method layout.

Define Method

Adapt an existing standard method to your requirements, or create a new method with the following elements:

  • Trigger

  • Source (if required in the method layout)

  • Target (if required in the method layout)

  • Percentage rate, source (if required in the method layout)

  • Condition (if required in the method layout)

Assign Document Type and Method

Assign the document type and the method to the reclassification task.

If you choose not to assign a document type, the system executes the reclassification at posting level 00.

When you activate the Financials, Group Close, Allocation business function (FIN_ACC_GC_ALLOC) and then activate the Method Assignment of Reclassification Tasks function in the settings for the consolidation area, you can specify in a reclassification task that you want to assign the method based on the consolidation unit. If the task posts with a document type at posting level 01 or 10 (that is, per consolidation unit), you can hereby assign different reclassification methods.

Aggregated Document

If you have activated the Financials, Group Close, Check Digits business function (FIN_ACC_GC_CHKDGT), you can set the Aggregated Document indicator in the Global Settings group box in a reclassification task. If you set this indicator, the system does not generate a separate document for each data record of the trigger when executing a reclassification in the update run. Instead, the system generates aggregated documents:

  • For adjustment entries or standardizing entries (at posting level 01 or 10), the system generates a document for each consolidation unit.

  • For two-sided eliminations (at posting level 20), the system generates a document for each consolidation unit/partner unit pair.

  • For group-dependent entries (at posting level 30), the system generates a document for each consolidation group.

When posting the aggregated documents, the system summarizes the postings from all method steps, with the exception of those method steps that work across multiple consolidation groups: In method steps that work across multiple consolidation groups, the consolidation unit of the trigger selection differs from the consolidation unit of the source assignment and target assignment. Therefore, the system processes these method steps separately.

Execute the Reclassification

Execute the reclassification task in the consolidation monitor.

Note Note

If you have activated the Financials, Group Close, Check Digits business function (see above), the system writes the information about the method and method step to the document text field when posting documents of a reclassification at posting level 01, 10, or 20 (but not 30). This makes it easier to evaluate the postings of the reclassification.

End of the note.

Result

The reclassified data is then available in the InfoCube for transaction data.

After executing the reclassification, you can carry out the subsequent consolidation tasks based on the reclassified data.