Rollback Currency Balance Adjustment - Parent Company

Explanation

Use this activity to rollback previously executed currency balance adjustments. If the parent company has made the currency balance adjustment, the reversal must be made from the Parent Consolidations. A voucher is created automatically in the parent company’s hold table in IFS/Accounting Rules. The line is then removed from both Parent Consolidations and Subsidiary Consolidation Overview windows.

Prerequisites

Before reversing the currency balance adjustment, the following must have been completed:

• The currency adjustment should have been done for that particular period of the subsidiary. i.e., In both Parent Consolidations and Subsidiary Consolidations, there must be a line with status "Currency Adjustment" for Consolidation Type column and checkmark in the Balance Consolidated box for that period of the subsidiary.
• No currency adjustment should have been done for a period greater than the selected period of the subsidiary. i.e. In both Parent Consolidations and Subsidiary Consolidations, there shouldn't be a line with status "Currency Adjustment" for Consolidation Type column and checkmark in the Balance Consolidated box for a period greater than the selected period of the subsidiary.

System Effects

As a result of the activity, the currency balance adjustment line is removed from both Parent Consolidations and Subsidiary Consolidations windows. A voucher is created automatically in the parent company's hold table in IFS/Accounting Rules.

Window

Parent Consolidations

Related Window Descriptions

Rollback Balance Consolidation

Procedure

Use the following procedure to start the rollback of currency balance adjustment in the parent company:

1. Make sure that you are in the parent company.
2. Select Parent Consolidations.
3. Select the line containing information about the currency balance adjustment.
4. Select the Rollback Currency Balance Adjustment operation.
5. The Rollback Currency Balance Adjustment dialog box displays default values. Only the User Group and Voucher Type are allowed to modify.
6. Confirm the information. A confirmation message appears when the reversal is complete.