Consolidated versus consolidating financial statements

Posted by / 27-Aug-2017 05:46

They have been adding new features to Dynamics AX and Management Reporter that make this possible and have been releasing detailed white papers explaining how to address various scenarios (: Using Management Reporter means consolidations can be done at any time and any level without having to setup dummy consolidation companies or do any special consolidation tasks.

This seems to be the future of consolidations for Dynamics AX.

There are two methods for currency translation, the current-rate method and the temporal method.If you are using the temporal method for a self-sustaining subsidiary, the CTA should be included as a separate row in net income.There are two options for dealing with the CTA in Management Reporter: You can use the Rounding Adjustments form in the row definition, as shown below.You can put all of the accounts from the financial statement in a range. This can be used as a row in the financial statements to represent the CTA or as a check to make sure the rounding adjustment described above doesn’t include any missed accounts.If you are using consolidation companies and the consolidate function in the General Ledger module, you can do the currency translation as part of the consolidation.

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Our guide will share which questions you need to ask at each stage of the ERP search and evaluation process, from which partner to choose to what to prepare for during and after implementation to how your industry impacts your decision.

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