Setting up consolidation in IFS 10

We need some help with the consolidation process in IFS 10. We have succeeded with some of the steps but there are some issues left, e.g. currency translation and elimination of inter-company transactions. Below I list the steps that we have done.

1. Map subsidiary accounts (Accounting rules -> Code string -> Accounts field Account group)
2. Specify which months to consolidate in the parent company (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Reporting status)
3. Give permission to employees to perform the consolidation. (Financials - Consolidation -> Group Consolidation -> Consolidation Basic Data -> Consolidation Security)
4. Transfer data (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Balance Transfer Assistant)
5. Approve reporting journal (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Reporting status)
6. Create consolidation structure (Financials - Consolidation -> Group Consolidation -> Consolidation -> Consolidation Structure)

After the above-mentioned steps, we can see the consolidated data in Consolidation Period Balance Analysis. However, as mentioned, the data is not correct since the currency is not translated and no elimination of inter-company transactions has been done.

What do we need to do to succeed?