• Home
  • About
  • Contact
  • German

Dynamics 365FO/AX Finance & Controlling

Dynamics 365FO/AX Finance & Controlling

Tag Archives: Financial Consolidation

Management Reporter – Reports based on different Chart of Accounts

03 Thursday Dec 2015

Posted by Ludwig Reinhard in Management Reporter

≈ 4 Comments

Tags

Chart of Accounts, Dynamics AX, Financial Consolidation, Management Reporter

When doing a financial consolidation, financial data from different companies need to be combined in a single “consolidation” report. As the data that need to be consolidated are often based on different Chart of Accounts (COA), the question arises how ledger accounts from different COA’s can be combined into a single consolidation report. This question will be answered in the following based on a simplified example.

Example:
The financial data of company DEMF and BRMF need to be consolidated. While the first company (DEMF) uses a “shared” COA, the second company (BRMF) uses a local Brazilian COA. What makes things even more complex is that company DEMF records all transactions in EUR-currency, while company BRMF keeps all its books in Brazilian reals. The next screenshot shows you the COA’s and currencies setup for the two companies.
EN_38_0005

In order keep the example as simple as possible, only the bank accounts of both companies are considered for the following illustrations.

In company DEMF only one single transaction with a total amount of 10000 EUR has been recorded on bank account (main account) “110200”.
EN_38_0010
In company BRMF two local currency transactions have been recorded on the bank account (main account) “1.1.1.2.02”.
EN_38_0015
The exchange rate used for consolidation purposes is 300 BRL / 100 EUR.
EN_38_0020
Against the background of those data, a financial consolidation report should show a total balance of 50000 EUR or 150000 BRL in the bank accounts line.
EN_38_0025
To realize this, the following setup has been done in Management Reporter.

 

Step 1: Setup of the row definition
The first step in setting up the consolidation report is mapping the different main accounts in the row definition of the report. This mapping in done by specifying separate row links that hold the main account information of both companies. Please see the following screenshot for an example.
EN_38_0030

Step 2: Setup of the reporting tree Definition
The next step is setting up a reporting tree. When doing this setup, you have to make sure that a reference is made between the different companies and the row definition / row links established in the first step.
EN_38_0035

Step 3: Setup of the column Definition
The third step is setting up a column definition as illustrated in the next screenshot.
EN_38_0040
Please note that you need to link the different columns with the reporting tree elements if you want to report on the different legal entities.

Step 4: Setup of the report Definition
The last step in the report generation is the combination of all previous elements (row definition, reporting tree and column definition) into a report. Please note that you need to select the reporting currency check box before running the report if you want to do a currency conversion once the report that gets generated.
EN_38_0045

Result:
Once the report is generated you can have a look at the data in the various currencies setup in Dynamics AX. The next two screenshots show you the EUR-currency and BRL-currency report.
EN_38_0050 EN_38_0055

Project Accounting Book – Part 2

Project accounting book

Categories

  • Accounts Payable
  • Accounts Receivable
  • Bank Management
  • Book reviews
  • Budgeting
  • Cost accounting
  • Fixed Assets
  • General Ledger
  • Inventory
  • Management Reporter
  • Miscellaneous
  • Project
  • Uncategorized

Tags

Accruals Advanced bank reconciliation Allocations Approval Bank reconciliation Controlling Cost accounting module Cost center accounting Cost of Sales Method customer Dynamics AX Dynamics AX 2012 Earned Value Analysis Electronic reporting Email Fixed asset statement General Ledger journal indirect costs intercompany Inventory Inventory reconciliation Inventory valuation Inventory value report invoice invoice recording Management Accounting Management Reporter MS Flow MT940 Nature of Expense Method parallel Posting setup PowerPlatform Prepayments Profit & Loss Statement Project Project controlling Project module Purchase Order search settlement SharePoint standard costs Tax upload valuation Vendor invoice recording Vendor payments WBS workflow

Important Websites

  • Dynamics AX/365FO Links

Legal

  • Disclaimer

Subcribe

  • RSS - Posts
  • RSS - Comments

Enter your email address to follow this blog and receive notifications of new posts by email.

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015

Blog at WordPress.com.

Cancel