TAS consolidate and compute for foreign consolidations

The Consolidate screen lets you run TAS Compute for all member binders, and calculate and transfer consolidated amounts to the foreign divisional consolidation. The screen identifies the members, last compute date/time, and whether a binder needs to be computed. When a divisional consolidation is a member of another foreign divisional consolidation, the TAS Consolidate screen displays a hierarchical representation of the nested (tiered) consolidation structure. Calculations begin with the lowest level of entities in the chain.
A
Yes
in the
Needs Compute
column (and the entity name is blue) indicates there have been changes to the binder such as TAS data, binder property selections, related binder, or chart information. The binder needs to be computed to reflect the changes.

Consolidation options

Access the
Consolidation Options
by selecting the green arrow in the
Consol Options
column. For a foreign divisional consolidation, select the following options:
  • Update Organizer with Federal TAS
    : Select this option to update the consolidation binder’s Organizer (5471, 8858, 8865) with consolidated amounts from TAS.
  • What to Consolidate Federal
    : Use this option to consolidate all TAS information (balances and adjustments) in local currency, functional currency, and U.S. Dollars.
  • What to Consolidate Organizer
    : While TAS, rather than Organizer consolidation, is used to populate the forms within a foreign divisional consolidation binder, select this option to transfer the members to the Organizer Subsidiary Listing screen. The Subsidiary Listing screen is used to link the 8858s in divisions to the related divisional consolidation’s Form 5471 or 8865.

Running TAS consolidate

  1. Open the foreign divisional consolidation binder.
  2. On the TAS navigation tree, select
    Consolidate
    . The Consolidate screen lists all member binders, including any nested (lower-tier) foreign divisional consolidations and their members.

TAS error messages for inconsistent properties

Prior to consolidation, TAS verifies that 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.
Since divisional consolidations can be members of other divisional consolidations, TAS Consolidate also checks for (and communicates) circular relationships within the nested structure before processing begins. A circular relationship contains a processing order that can't be resolved such as:
  • Abex United Kingdom (Div Con) is a member of Abex Holdings (Div Con)
  • Abex Asia Group (Div Con) is a member of Abex United Kingdom (Div Con)
  • Abex Holdings (Div Con) is a member of Abex Asia Group (Div Con)

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