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Foreign divisional consolidations

Error messages for inconsistent properties

Prior to consolidation, TAS verifies the functional currency and International Summary Chart are consistently set within the members of a foreign divisional consolidation.
If an exception occurs, a message identifies the member binders along with the related divisional consolidation.

E&P Comprehensive Edit Error #20020

Generated if an elimination or member of a foreign divisional consolidation's included more than once in the current Top Consolidation binder's international ownership strucutre.
Consider the following when setting up the international ownership structure:
  • A separate foreign elimination entity must be used for each divisional consolidation.
  • Multiple binders for the same entity can't be members of different divisional consolidations that are part of the same Top Consolidation binder.

Error #8001

  • The exchange rate charts aren't the same in
    Binder Properties
    ,
    International
    .
  • The functional currency selections are inconsistent.

Error #9018

The interest apportionment methods are different in
Binder Properties
.

Error #20023

The foreign entity types (Controlled Foreign Corporation, Foreign Partnership, 10/50 Company) aren't the same in
Binder Properties
.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: Consolidations

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