Add a period to an ownership structure

Define the ownership structure details and add a period. This is the period that you want to consolidate.

For the period, you can define the following:

• The reporting period effective start date
• Parent entities and subsidiaries
• Percent ownership
• Consolidation method

For example, your ownership structure can include two parent entities with three subsidiary entities per parent. You can also specify the percentage by which each subsidiary entity is owned.

Previous step: Add an ownership structure.

1. Go to the Add new period to ownership structure page:
   • Go to Consolidation > Setup > Ownership structures and select Edit next to the ownership structure you want to edit.
   • Alternatively, if you created a new ownership structure and selected Save and continue, you're already on the Add a new period page.
2. Select a Reporting period effective start date by choosing a period from the dropdown list or entering a date in the dropdown list to filter for it.
3. Optionally, enter a Comment about the period in the space provided.
4. If you’re adding new period data to the ownership structure, you can copy data from an earlier period by selecting Populate from prior period.

   If there are no earlier periods, skip this step.

5. In the Parent entities tab, select the entities you want to add to the ownership structure period.
   1. Under Parent entity, select a line and choose a parent entity.
   2. Select Show details to select subsidiary entities, ownership percentages, consolidation method, and ownership accounts as needed.
   3. Repeat for each parent entity you want to add to your ownership structure.

   If you add the same subsidiary to more than one entity, ensure the ownership percentage of each parent entity for that subsidiary adds up to 100%.

6. Select Save as draft.

1. Go to the Add a New Period page:
   • Go to Consolidation > Setup > Ownership structures and select Structure period next to the ownership structure you want to edit.
   • Select +Create.
   • Alternatively, if you created a new ownership structure and selected Save and continue, you're already on the Add a new period page.
2. Select a Reporting period effective start date by choosing a period from the dropdown list or entering a date in the dropdown list to filter for it.
3. Optionally, enter a Comment about the period in the space provided.
4. If you’re adding new period data to the ownership structure, you can copy data from an earlier period by selecting Populate from prior period.

   If there are no earlier periods, skip this step.

5. In the Parent entities tab, select the entities you want to add to the ownership structure period.
   1. Under Parent entity, select a line and choose a parent entity.
   2. Select Show details to select subsidiary entities, ownership percentages, consolidation method, and ownership accounts as needed.
   3. Repeat for each parent entity you want to add to your ownership structure.

   If you add the same subsidiary to more than one entity, ensure the ownership percentage of each parent entity for that subsidiary adds up to 100%.

6. Select Save as draft.

Next step: Proceed to Define consolidation rules for a period.