Simulating finance book consolidation

This activity allows you to create a run or process, which would simulate the consolidation of a finance book. Tell me more.

Select the “Simulate Finance Book Consolidation” link under the “Finance Book Consolidation” business component.

The “Simulate Finance Book Consolidation” page appears.

Enter the following fields:

Simulation Run #

A unique number identifying the simulation of the finance book consolidation (Alphanumeric, 20). Mandatory.

Note: This field can be left blank if “Automatic Generation of Consolidation Run” is set to “Yes” in the company level.

Remarks	Any observations regarding the need for a simulation (Alphanumeric, 255).
	Zoom facility available
External Enterprise	Check the box if you want to consider the financial information pertaining to the external enterprise while doing the simulation.

Click the “Get Details” pushbutton to retrieve the simulation information.

The system retrieves all the reporting structure defined for the company. The default reporting structure will include all the “Posting” finance books of the company, which are in “Active” status, as on the last date of the selected financial year / period for the purpose of simulation. The system retrieves all the external enterprise details defined for the company if the “External Enterprise” box has been checked.

Note: The system retrieves the “Active” reporting structure that has been defined for the company.

Enter the following fields in the “Financial Calendar Information” group box:

Financial Year	Use the drop-down list box to select the financial year for which you want to simulate the finance book consolidation. All the financial years that have been defined for the finance book and that are in the “Open” or “Provisionally Closed” status will be available for selection in the chronological order.
Financial Period	Use the drop-down list box to select the financial period for which you want to simulate the finance book consolidation. All the financial periods that have been defined for the selected financial year and that are in the “Open” or “Provisionally Closed” status will be available for selection in the chronological order.
Date From	The starting date of the period for which you want to view the simulated finance book consolidation (Date Format). The date entered in this field must be a valid date for the selected financial year / period.

Note: The date entered in this field must be earlier or the same as the date entered in the “To” field. The date range is valid only when posting type selected is “One to One Transactions”.

To	The ending date of the period for which you want to view the simulated finance book consolidation (Date Format). The date entered in this field must be a valid date for the selected financial year / period.

Note: The “Date From” and “To” fields must be entered only when “One to One Posting” has been selected in the “Posting Type” field.

Enter the following fields in the “Business Consolidation Options” group box:

Posting Type	Use the drop-down list box to select the type of posting to be considered for simulation of Finance book consolidation. You can select from “Summarized Balances” or “One to One Posting”.
	Summarized Balances – indicates that only the balances of the various transactions for the specified period will be considered for simulation.
	One to One Posting – indicates that every transaction that has been raised for the specified period will be considered for simulation.

Note: “Summarized Balances” must be selected if the box beside the “External Enterprise” field has been checked.

Account # From	The starting code in the range of codes identifying the account for which you want to post entries after simulating a finance book consolidation (Alphanumeric, 32).
	Help facility available
To	The ending code in the range of codes identifying the account for which you want to post entries after simulating a finance book consolidation (Alphanumeric, 32).
	Help facility available

Note: Account codes must be entered in the “Account Codes From” and “To” fields if “One to One Posting” has been selected in the “Posting Type” field.

Include Memorandum Vouchers

Check the box to include the memorandum vouchers while simulating the finance book consolidation.

The system displays the following in the “Simulation Information” multiline:

Reporting Structure	The code identifying the reporting structure.
Reporting Structure Name	The name identifying the reporting structure.
External Enterprise ID	The code identifying the external enterprise.
External Enterprise Name	The name identifying the external enterprise.

Check the box in the “Select” column of the multiline to mark the reporting structures for which you want to schedule a simulation run.
Click the “Simulate” pushbutton to run a simulation of the finance book consolidation.

The system generates a simulation run number. The system saves the details of the simulation run and updates the status of the simulation as “Scheduled to Start”.

The system displays the following:

Created By	The login ID of the user who created the simulation run.
Created Date	The date on which the simulation run was created.

What you can do in this page

Include External Enterprise

Set type of posting

Include memorandum journal vouchers

Generate simulation numbers

Include External Enterprise

You can also include the financial information pertaining to an external enterprise while simulating the consolidation. The financial information can be included if it has been updated.

Check the box available beside the “External Enterprise” field to include the financial information pertaining to the external enterprise.

Set type of posting

You can set the type of posting that must be followed for simulation of consolidation. The posting type can be defined here to facilitate the conversion of this simulation as a final consolidation of the finance book.

Set the “Posting Type” field to “Summarized Balances” if you want to post the summary of the balances for simulation of consolidation.
Set the “Posting Type” field to “One to One Posting” if you want to post all the transaction vouchers for simulation of consolidation.

Include memorandum journal vouchers

Memorandum journal vouchers are created to simulate. You can also include these memorandum journal vouchers while simulating a finance book consolidation.

Check the box available beside the “Include Memorandum Vouchers” field if you want to include the memorandum journal vouchers that have been created.

Generate simulation numbers

The system generates unique simulation run numbers if “Automatic Generation of Consolidation Run” has been set to “Yes” in the company level. Otherwise you can enter a unique simulation run number.