الأحد، 25 مارس، 2012

Elimination Transactions

Wow .... I am very excited now to share with this feature in AX 2009. Do you feel !!HOT!! now? Get the energy now to know about ELIMINATION Transactions.
Let's start ...

Elimination Rule. (Manual)
Elimination transactions are required when a parent company conducts business
With one or more subsidiary companies and uses consolidated financial reporting.
Some transactions that occur between the companies must be eliminated because
Consolidated financial statements must only include transactions that occur
between the consolidated entity and the other entities outside the consolidated group.

1.     Determine the Elimination Company.

The following procedures are:
-         Path: General Ledger > Setup > Parameters > Ledger Tab
o   Mark the "Elimination Company" checkbox.
o   Note: Elimination Company means to be the consolidated company.
o   Source company: The Company in which the amounts to eliminate reside.
o   Destination Company: The Company in which the elimination journal is created & posted.


2.     Create ledger elimination rule.

The following procedures are:
-         Path: General Ledger > Setup > Posting > Ledger elimination rule
1.     Click "New" or Ctrl+N to create new rule.
2.     Enter a unique identification in the "Rule" field.
3.     Enter a description for the new rule.
4.     Select the destination company.
5.     Enter range of dates that elimination will be effective from in the fields "Effective Start Date" & "Effective End Date".
6.     Mark "Active" checkbox.
7.     From "General Tab" select the journal name from Journal Setting field.
8.     Click "Line" Button to open new window, will appear as following:
a)     Click "New" or Ctrl+N.
b)    Select "Net Change" as an elimination method.
c)     Source Account: Enter the account the amount will be eliminated from.
d)    Destination Account: Select from drop down list "Source or User Specified"
e)     You can select also the destination dimension.

3.     Create elimination journal Proposal.

The following procedures to start elimination Process are:
-         Path: General Ledger > Journals > Elimination
-         The process of the elimination conducted from the consolidation company.
                                                                   i.            Click "New" or Ctrl+N to create new journal.
                                                                 ii.            Click the "Lines" button.
                                                              iii.            Click the "Proposal" button.
                                                              iv.            Click "Elimination Proposal".
                                                                 v.            Select the source company from Source company field.
                                                              vi.            Select the Elimination rule.
                                                            vii.            Enter the beginning and ending dates which ledger amounts will be retired for elimination.
                                            viii.            Enter the posting date of the elimination journal in posting date field.
                                                              ix.            Press "OK" button to run the consolidation.