Enter Acquisition Data

Explanation

Use this activity to enter the date that a subsidiary was acquired by the parent company. The acquisition date will determine the initial consolidation period for the balance consolidation and the opening balances.

Prerequisites

Before entering the acquisition data, the following must have been completed:

• The company relationship between the subsidiary and parent company must be defined.

System Effects

There are no system effects as a result of this activity.

Window

Acquisition Data

Related Window Descriptions

Acquisition Data

Procedure

1. Open the Acquisition Data window.
2. Create a new record.
3. Enter the ID of the subsidiary company for which you are going to enter acquisition information.
4. In the Acquisition Date field, specify the date on which the parent company acquired the subsidiary. The values for the accounting year and the accounting period of the specified accounting date will be automatically populated by the system in the relevant fields.
5. If you want to enter any notes regarding the acquisition record, select the record, right-click and click Notes. Enter your note text in the Editor window that opens.
6. Save the information.