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  • Consolidated Company Code (Company Code 9000)

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    tieuquan42
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    This document describes a consolidated ledger scenario for Trung Nguyen Group. It includes the following key points: 1) The balances of general ledger accounts are posted by business area and company code, allowing reports like balance sheets and income statements to be generated by area and code. 2) Adjustments for consolidation are posted to the consolidated company code 9000. 3) Internal transactions between group entities are eliminated through postings that debit internal revenue and credit cost of goods sold and materials. 4) Minority interests and goodwill are eliminated through postings that debit capital and credit the respective accounts. 5) Consolidated statements include the consolidated company code 9000 and present financial results for

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    This document describes a consolidated ledger scenario for Trung Nguyen Group. It includes the following key points: 1) The balances of general ledger accounts are posted by business area and company code, allowing reports like balance sheets and income statements to be generated by area and code. 2) Adjustments for consolidation are posted to the consolidated company code 9000. 3) Internal transactions between group entities are eliminated through postings that debit internal revenue and credit cost of goods sold and materials. 4) Minority interests and goodwill are eliminated through postings that debit capital and credit the respective accounts. 5) Consolidated statements include the consolidated company code 9000 and present financial results for

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    10 views6 pages

    Consolidated Company Code (Company Code 9000)

    Uploaded by

    tieuquan42
    This document describes a consolidated ledger scenario for Trung Nguyen Group. It includes the following key points: 1) The balances of general ledger accounts are posted by business area and company code, allowing reports like balance sheets and income statements to be generated by area and code. 2) Adjustments for consolidation are posted to the consolidated company code 9000. 3) Internal transactions between group entities are eliminated through postings that debit internal revenue and credit cost of goods sold and materials. 4) Minority interests and goodwill are eliminated through postings that debit capital and credit the respective accounts. 5) Consolidated statements include the consolidated company code 9000 and present financial results for

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    of 6

    Scenario 1: Consolidated Ledger

    Consolidated Company Code (Company code 9000)

    Trung Nguyen
    Trung Nguyen Group BMT Trung Nguyen
    Franchise
    (company code (company code
    (company code
    1000) 3000)
    2000)

    HCM Can Tho Da Nang BMT Ha Noi


    (B.Area 1000) (B.Area 1001) (B.Area 1002) (B.Area 1003) (B.Area 1004) ……

    The balance of GL account are posted by


    Bussiness Area and Company Code  There’re
    reports by Bussiness Area and Company Code
    such as: Balance Sheet, Profit and Loss
    Statement, CashFlow Statement…
    All the adjustment postings for the consolidation
    will be posted in consolidated Company Code
    9000

    1
    Scenario 1: Chart of Account

    Balance Sheet Profit & Loss


    Assets Revenue
    Liabilities
    Trung Nguyen Chart of Accounts Expenses

    Equity Net income

    Trung Nguyen
    Trung Nguyen Group BMT Trung Nguyen
    Franchise
    (company code (company code
    (company code
    1000) 3000)
    2000)

    Trung Nguyen chart of account is designed base


    on Viet Nam chart of account

    2
    Scenario 1: Eliminate Internal Transactions

    Trung Nguyen
    Trung Nguyen Group Sales Franchise
    (company code Finished (company code
    1000) Goods 2000)

    Ending Balance of Ending Balance of


    Unreal Profit/Loss = Finished Goods - Finished Goods
    (Internal Prices) (COGS)

    Consolidated posting in company code 9000:


    Debit Internal Revenue
    Credit COGs (Internal Revenue – Unreal Profit/Loss)
    Credit Materials (Unreal Profit/Loss)
    (SAP doc: 100000003)

    3
    Scenario 1: Eliminate Minority Interest

    Trung Nguyen
    Trung Nguyen Group
    Franchise
    (company code
    (company code
    1000) Owned
    2000)
    70%
    Parent Company Subsidiary

    Example: Capital of subsidiary = 1.000 m vnd


     Minority Interest = 300 m vnd

    Consolidated posting in company code 9000:


    Debit Capital
    Credit Minority Interest
    (SAP doc: 100000002)

    4
    Scenario 1: Eliminate GoodWill

    Trung Nguyen
    Trung Nguyen Group
    Franchise
    (company code
    (company code
    1000) Owned
    2000)
    70%
    Parent Company Subsidiary

    GoodWill = Cost of Consolidation – (% owned) x Asset of


    subsidiary

    Example: Asset of subsidiary = 1.000 m vnd


    Cost of Consolidation = 800 m vnd
     GoodWill = 800 – 70% x 1000 = 100 m vnd

    Consolidated posting in company code 9000:


    Debit Capital
    Credit GoodWill
    (SAP doc: 100000000)

    5
    Scenario 1: Consolidated Statement

    Profit & Loss Cash flow


    Balance Sheet
    Assets Revenue Incomming

    Expenses Outgoing
    Liabilities

    Net income Cash balance


    Equity

    The Consolidated Statement must include company code 9000

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