Obtaining balances from the parent entity only
You can specify that the balances calculated in the parent columns of the financial statements include only the entity specified in the Entity Information tab and does not include any subsidiaries or divisions included in the consolidation structure beneath the parent entity selected.
Select the Parent entity only check box to enable the feature.
If your Financials product enables you to set the entity presentation, and you have selected Consolidation, this option is not available. See Defining entities, titles, and terms for more details.
Prerequisites
- In the Entity Information tab, the Presentation field cannot be set to Consolidated, or
- In the Entity Information tab, the Presentation field must be set to either Single entity/Parent or Parent and Consolidated.
Procedure
- Open the Financial statements document and select the Global Setup tab
- Select the Parent entity only check box.
Results
The balances are obtained from the parent entity.
