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Entity: basic concepts

Definition

The entity dimension is the element that guides the data collection process and the approval/submission process. It is normally made up of the legal entity, or company, or of one of its parts. However, in some cases, it may be identified as a different organisational element, such as a cost center, a work order, a division or another element.

Control chart

For each scenario and period, the control chart allows you to specify the type of relationship between pairs of entities. The type of relationship is defined by original scenario, or by consolidation scenario.

Original scenario set-up

The original scenario set-up allows you to define the relationships for a scenario/period and to reclassify the original amounts. It is possible to generate reports on an entity using the original scenario.

In this case, the entity is the one for which the report is being generated.

Consolidation scenario set-up

The consolidation scenario set-up allows you to define the relationships for a consolidation scenario/period and to reclassify the consolidated amounts. Reports on ‘consolidation’ amounts can be generated using the consolidation scenario.

In this case, the entity is normally the holding for the consolidation in question.

Control types

The control type identifies the relationship between two entities and may therefore be used to differentiate the relationships between an account and the FST items. An account used for reporting to the owned entities can thus be linked to different FST items depending on the defined control type, and on the scenario/period.

Typically, the control types are as follows:

  • Parent
  • Subsidiary
  • Affiliate
  • Third party, for entities not belonging to the group

Note: for 'third party’ control types, the system automatically creates the default type $TERZ.

Counterparty (CTP) dynamic groups

When declaring intercompany entries, it may be useful to only identify certain entities in the elements table as counterparties. For example, for a bank credits account, it may be useful to only take banking counterparties into consideration. To do this, it is useful to create a CTP dynamic group.

Once the CTP dynamic group has been defined, it is then necessary to relate it to the desired accounts and custom dimension elements.

Time-dependent management of the company dimension

For some projects, especially for banking consolidations, it may be useful to store the company’s elements table attributes and the relationships between companies and classifiers, by scenario and period. This means that, over time, the data processing will take into consideration any changes to said relationships.

This type of management must be enabled by the Administrator, via the entity dimension settings.