Contents of the Configure Consolidation Settings Screen
Use the fields and options to configure the Consolidation Settings.
Consolidation Calculation Method
Select the preferred calculation method for the translation of the financial statements. After you post the consolidation entries, you cannot change the method.
| Field | Description |
|---|---|
| Year-To-Date |
Costpoint uses data since the start of the year. This is the default setting. |
| Inception-To-Date |
Costpoint uses the start date of the project. |
| Last Consolidation Number |
Costpoint retrieves the number in this editable field from the LAST_CONS_NO column in the PROJ_CONTL table and provides you with a reference for the last consolidation entry created. The Last Consolidation Number is stored in Project Settings. This is similar to the last number in Costpoint Inter-Company Work Orders. If you must run the consolidation process multiple times for the same accounting period, you may find it helpful to reset the number in this field. |
Update Beginning Balances Defaults
| Field | Description |
|---|---|
| Include adjustment periods |
Select this check box to include amounts for adjustment periods when updating Consolidation Beginning Balance for subsequent year. |
| Allow this default to be changed in the Update process |
Select this check box when you want to change the default for the Adjustment Period flag (Yes or No) in the Update Consolidation Beginning Balances process. When you select this, the Include Adjustment Periods check box on the Update Consolidation Beginning Balances screen is enabled. |