Dear Experts,
We are planning on revenue, expense , capital expenditure and on different balance sheet items.
When it comes to some inter plant eliminations, I have developed some script logic so that those inter plant entries( all are under PNL items) are reversed and passed in E_Entity under same GL's . And hence we are getting our PNL report correctly at Company level.
Now client wants to develop a logic in which following components should automatically get mapped :
From Operating Profit , i.e. Profit Before Tax (PAT) ,
CIT should get calculated , i.e. 30 % of PAT
then we will get Profit After Tax(PAT)
General Reserves = 90% of PAT
Dividend = 10 % of PAT
My queries :
1) How do we calculate/how do we write script logic on Operating Profit , since Operating Profit is parent of Income and Expense Node??
2) CIT, General Reserves and Dividend forms the GLs of balance sheet items, and in BS items we have maintained different flows like Opening ,Addition, Deduction and Closing.
F_100 Opening flow
F_120 Addition flow
F_130 Deduction flow
F_999 Closing Flow
F_999 = F_100 + F_120 - F_130
How do I map operating profit to these GLs, since we need to add these values to the opening values under addition flow ?
30 Most important, how my elimination amount will be taken care in these(CIT,General Reserves,Dividend) balance sheet items?
Your inputs will be appreciated!!
Thanks in advance!!