We are currently implementing the consolidation module in IFS. It has all gone smoothly until selecting Income Statement Period Rates against the balance version (in Balance Versions). These are the issues so far detected, that weren’t an issue before selecting Income Statement Period Rates:
- Goodwill amortisation is only posting one period of amortisation for posting types for GCP19 and GCP2, rather than the full year to date value.
- A consolidated balance of a sub node is not being picked up for translation in the parent node.
- Intercompany eliminations calculating off balances relating to earlier period.
- Adjustment journal entry rows of earlier period being consolidated in the current period of consolidation (income statement rows only).
- Currency differences on the translation of the Income Statement are not being posted.
It feels like something inherently is wrong for so many issues to be occurring when we turn Income Statement Period Rates on.
Does anyone have experience of this that they can share please?
Thanks in advance for your help.
Laura