Entering a value of I#None results in an elimination on which report?

Entering a value of I#None results in an elimination on which report?

• A. Intercompany Report
• B. Consolidation Report
• C. Financial Plan
• D. Trial Balance

Answer: (A)

Intercompany eliminations are what a consolidated view uses to remove intercompany transactions so the group isn’t double-counting internal activity. When you enter a value like I#None, the system flags that there is an intercompany relationship to eliminate, and those eliminations are surfaced on the Intercompany Report. This report specifically tracks the intercompany balances and the corresponding eliminations, making it the right place to see how those intercompany items are offset. The Consolidation Report shows the blended totals after eliminations, not the raw elimination entries themselves. The Trial Balance lists general ledger balances before consolidation, and the Financial Plan is focused on budgeting/forecasting rather than presenting intercompany eliminations. So the elimination appears on the Intercompany Report because that’s where intercompany activity and its offsets are laid out for reconciliation during consolidation.

Intercompany eliminations are what a consolidated view uses to remove intercompany transactions so the group isn’t double-counting internal activity. When you enter a value like I#None, the system flags that there is an intercompany relationship to eliminate, and those eliminations are surfaced on the Intercompany Report. This report specifically tracks the intercompany balances and the corresponding eliminations, making it the right place to see how those intercompany items are offset.

The Consolidation Report shows the blended totals after eliminations, not the raw elimination entries themselves. The Trial Balance lists general ledger balances before consolidation, and the Financial Plan is focused on budgeting/forecasting rather than presenting intercompany eliminations. So the elimination appears on the Intercompany Report because that’s where intercompany activity and its offsets are laid out for reconciliation during consolidation.