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Administrator Guide
Last Updated: 2024-09-20
Set Up Company Ownership Details in AP&C

Set Up Company Ownership Details in AP&C

  • Create a company hierarchy that includes all companies that are part of the consolidation. See Steps: Set Up Companies in AP&C.
  • Security:
    • Set Up: Consolidation
       domain in the Financial Accounting functional area.
    • Set Up: Financial Accounting
       domain in the Common Financial Management functional area.
In Adaptive Planning and Consolidation (AP&C), you can set up ownership details for your investments in subsidiaries for legal companies that are part of a company hierarchy.
When you change the third party ownership details of a parent company, consider the impact on subsidiaries associated with it. We recommend that you create a separate ownership change snapshot on the date of change.
When you haven't defined a parent company for the company hierarchy, Workday won't apply any elimination rules that you define for:
  • Investment in subsidiary and subsidiary equity.
  • NCI.
When you plan to report on noncontrolling interest (NCI) using OfficeConnect, ensure that:
  • You include the consolidating parent company of any top-level hierarchy that you want to run NCI for in that hierarchy or a subordinate hierarchy.
  • When the consolidating parent company of the top-level hierarchy is included in a subordinate hierarchy, you also set it as the consolidating parent company of the hierarchy that contains it and any other subordinate hierarchies between that hierarchy and the top-level hierarchy.
  1. Access the subsidiary company.
    You can search for a subsidiary company:
    • Using global search.
    • By accessing the company hierarchy and viewing the companies included in it.
    If you don't define a parent company, Workday won't apply any elimination rules that you define for:
    • Investment in subsidiary and subsidiary equity.
    • Noncontrolling Interest (NCI).
  2. From the related actions menu of the subsidiary company, select
    Company
    Edit Company Ownership Details
    .
    Enter an
    Effective Date
    .
    Workday uses this date to calculate net income and prior year retained earnings based on the date that these changes go into effect:
    • Ownership %
    • Claim on Assets %
  3. As you complete the
    Edit Company Ownership Details
     task, consider:
    Option Description
    No Owner Companies
    Select when the company is a consolidating parent that doesn’t have any owner companies.
    Owner Company
    Select an owner company or a third party.
    Select
    Create
    Create Third Party
     to create a worktag for owners that don’t have a company within your Workday tenant. Third-party worktags enable you to associate third-party owners with their corresponding elimination entries.
    To prevent errors when you run noncontrolling interest or equity pickup, Workday doesn't support circular ownership configurations. You can't select an owner company that is owned directly or indirectly by the company whose ownership details you're editing.
    Ownership %
    Enter whole or decimal numbers from zero to 100 that represent ownership in the company. The
    Total
     for all owner companies and third-parties must equal 100.
    If you reduce the ownership percentage of an owner company to zero, don’t remove the value for the fiscal period. You can remove the zero percent ownership line in a subsequent period after Workday records the ownership adjustment.
    Claim on Assets %
    Enter a percentage if you’re attributing income that isn’t based on relative
    Ownership %
    . Enter whole or decimal numbers from zero to 100. The
    Total
     for all owner companies and third-parties must equal 100.
You can configure elimination rules for the company hierarchy.