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Administrator Guide
Last Updated: 2024-09-20
Steps: Set Up for Persisting Noncontrolling Interest in AP&C

Steps: Set Up for Persisting Noncontrolling Interest in AP&C

  • Review setup considerations for consolidations and eliminations in Adaptive Planning and Consolidation.
  • Configure the
    Noncontrolling Interest Group Run Event
     business process to approve and deny NCI group results at hierarchy level.
  • Security:
    Process: Noncontrolling Interest
     domain in the Financial Accounting functional area.
You can configure Workday to calculate and store noncontrolling interest (NCI) journals in Adaptive Planning and Consolidation (AP&C), enabling you to access and report on NCI journal lines. You must opt in to this functionality if you currently derive NCI and want to:
  • Perform reporting using NCI journal lines.
  • Calculate NCI for all companies owned by a parent, regardless of hierarchy.
If you have already opted in to perform reporting using NCI journal lines, you must opt in again to calculate NCI by ownership rather than hierarchy. When you enable the calculation of NCI by ownership using this task, you can opt out at a future date. The opt-out behavior depends on the NCI functionality you used before you opted in:
  • If you previously derived NCI, Workday reverts to derived NCI.
  • If your tenant was automatically opted in to persisted NCI, calculated by hierarchy, Workday reverts to persisted NCI by hierarchy.
  • If you manually opted in to persisted NCI, calculated by hierarchy, Workday reverts to derived NCI.
  1. (Optional) Set up security for preapproving and denying NCI results for companies and subsidiaries in a hierarchy.
    Configure the
    Noncontrolling Interest Run Event
     business process, which is a subprocess of the
    Noncontrolling Interest Group Run Event
     business process.
  3. Create NCI balances for each period, company hierarchy, and reporting currency that you're reporting on using either the:
    • Run Noncontrolling Interest
       task.
    • Put Noncontrolling Interest Result
       web service. Workday creates the NCI journals when you approve the NCI results.
  4. Access the
    Noncontrolling Interest Journal Lines Opt-In
     task.
    Ensure you've performed the tasks in the checklist, and select these check boxes:
    • Report Noncontrolling Interest Journal Lines
    • Run Noncontrolling Interest by Direct Ownership
Create NCI balances for each period, company hierarchy, and reporting currency that you want to report on using the:
  • Run Noncontrolling Interest
     task, or
  • Put Noncontrolling Interest Result
    web service. Workday creates the NCI journals when you approve the NCI results.
.