Multiperiod Consolidation

Use

You use multiperiod consolidation to execute tasks and task groups for a timeframe that spans more than one fiscal period.

Multiperiod consolidation is especially beneficial for planning and forecasting:

  • You can process task groups in multiple periods without having to change parameters when switching to the next period. (This applies to tasks of all task categories.) You can use the flexible upload function, for example, to upload your reported financial data of multiple periods in a single run.

  • You can execute task groups in background mode.

Integration

A consolidation cycle (the timeframe for multiperiod consolidation) applies to a particular version combination.

Execution of tasks in multiple periods is also used in restatements: The restatement function is executed in multiple periods in the past.

Prerequisites

The prerequisites are discussed in the section Customizing for Multiperiod Consolidation .

Features

Multiperiod consolidation has the following features:

  • In the consolidation monitor, you can execute a task group in multiple periods (to be more exact, in the remaining periods of a consolidation cycle).

  • When executing individual tasks, you also can do the following functions in the consolidation monitor:

    • Block the task in the remaining periods of a consolidation cycle

    • Unblock the task in the remaining periods of a consolidation cycle

    • Reset the status of the task in the remaining periods of a consolidation cycle

  • You can schedule a task group for background execution - for a single period or for multiple periods.

  • In the consolidation monitor, you can use buttons for easy navigation from one period to another within a consolidation cycle.

  • From within the consolidation workbench, you can execute task groups with a selection screen - for a single period or for multiple periods.

  • You can assign multiple balance carryforward tasks to a task hierarchy. These tasks can have different posting levels. You need this feature if you want to execute only a subset of the consolidation tasks using multiperiod consolidation. (For example, if you run two-sided eliminations, you need a balance carryforward task with posting level 20.)

Example

You use version combination 100 for consolidating every fiscal quarter, using actual data as a basis, hereby adhering to IFRS (International Financial Reporting Standards).

You use version combination 200 for consolidating yearly, using planning data as a basis, hereby adhering to IFRS. Every year you do a rolling forecast for the next five years. To do this, you use multiperiod consolidation. You set each starting year to the year that follows the current year; and you set the consolidation cycle to five years.