IFRS group consolidation
Note: For step-by-step procedures, see the Consolidation Framework documentation — Group consolidation.
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Enable the Group Consolidation feature from the Actions tab in the consolidation sheet. Select the Consolidation Method to apply.
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ntercompany Elimination rules are defined for elimination scenarios. For any differences between these transactions, the system will autogenerate and post the Offset values to offset account defined. All these can be set to defined fields as per business requirement. In this case, the rules can be found in the attached file. How the elimination entry is posted is based on the Method of elimination (Seller, Buyer, and Offset).
Eliminations Rule:
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Auto Journal rules enable automated, rule-based postings directly into Consolidation Sheet metrics without relying on manual journal entries or traditional ledgers. A new Auto Journal rule editor allows users to define logic-driven entries using input metric filters, debit/credit factors, and elimination rules.
Group Eliminations/Auto Journal Rule:
Auto journal rules — IFRS specific
Journal |
Standard |
Configuration |
Status |
|---|---|---|---|
Investment elimination |
IFRS 3 / IFRS 10 |
Acquisition method — fair value of net assets; goodwill as balancing entry. |
Covered |
Goodwill impairment |
IAS 36 |
Annual impairment test — no scheduled amortization; manual trigger when impairment identified. |
Confirm with Paul |
Bargain purchase (negative goodwill) |
IFRS 3.34 |
Negative difference recognized immediately in P&L — not carried as liability or equity. |
Confirm with Paul |
NCI |
IFRS 10 / IFRS 3 |
Full or partial goodwill method; NCI% × equity → NCI equity; NCI share of OCI also allocated. |
Covered — method to confirm with Paul |
FCTR (OCI) |
IAS 21.39(c) |
Translation difference to OCI / FCTR in equity; reclassify to P&L on disposal (IAS 21.48). |
Covered |
Deferred tax on PPA |
IAS 12 |
PPA × tax rate → deferred tax asset/liability. No goodwill exception (unlike HGB §306 Satz 3). |
Confirm with Paul |