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Administrator Guide
Last Updated: 2024-09-20
Run Noncontrolling Interest in AP&C

Run Noncontrolling Interest in AP&C

  • Set up Workday to persist noncontrolling interest (NCI). See Steps: Set Up for Persisting Noncontrolling Interest.
  • Security:
    Process: Noncontrolling Interest
     in the Financial Accounting functional area to secure NCI tasks and reports, and enable you to create journal entries.
You can create consolidation journals that record the NCI for subsidiaries in persisted elimination journals in Adaptive Planning and Consolidation (AP&C).
When there's a change in NCI ownership, Workday calculates your NCI ownership change adjustment amounts, based on:
  • NCI source amounts.
  • Previous NCI percentages.
  • Current NCI percentages.
  • Change in NCI ownership percentages.
  1. Access the
    Run Noncontrolling Interest
     task.
  2. As you complete the task, consider:
    Option Description
    Company Hierarchy
    Select the company hierarchy that you want to record the NCI eliminations for.
    Consolidating Parent Company
    Workday displays the consolidating parent company for the selected Company Hierarchy. Workday uses this company as the basis for calculating NCI. When calculation of NCI by ownership is not enabled in your tenant, Workday calculates NCI for all companies within the selected Company Hierarchy in which the consolidating parent company has ownership.
    When calculation of NCI by ownership is enabled in your tenant, Workday traverses the company ownership structure to calculate NCI for all companies in which the consolidating parent company has direct or indirect ownership, even those outside the hierarchy.
    When you don’t have access to a company in the structure, Workday doesn’t generate NCI results for that company.
    Fiscal Schedule
    Workday calculates NCI eliminations for the current earliest open period.
    Example: If you schedule to run the task on the 1st of April and the March period is open, Workday calculates and records NCI eliminations for the March period.
    Currencies
    You can select 1 or multiple currencies for hierarchies.
You can access the
View Noncontrolling Interest Result Group
 and
View Noncontrolling Interest Result
 reports to gain insight on NCI activities.
If NCI ownership changes occur, you can view how Workday calculates the NCI change adjustment amounts.
Workday creates separate result lines for each rule and ownership change based on activity for the:
  • Current year.
  • Prior year.
  • If NCI results look inaccurate, you can cancel:
    • NCI result groups using the
      Cancel
       related action from an NCI result group.
    • Individual NCI results from the
      Find Noncontrolling Interest Results
       report, when you’ve opted in to run NCI by ownership.
  • You can roll forward NCI beginning balances using either of these tasks on the
    Process: Close Year End
     domain in the Common Financial Management functional area:
    • Roll Forward Noncontrolling Beginning Balances
       when you want to roll forward just NCI journal lines.
    • Roll Forward Year-End Balance
       when you want to roll forward all beginning balances, including NCI.
      Workday creates beginning balance journal lines for unique combinations of:
      • Company hierarchy.
      • Book codes.
      • Ledger accounts.
      • Intercompany affiliates.
      • Third parties.
  • To view NCI entries, use the standard composite consolidated trial balance report.