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Administrator Guide
Last Updated: 2023-06-23
Run Noncontrolling Interest

Run Noncontrolling Interest

  • Set up Workday to persist noncontrolling interest (NCI).
  • 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.
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 this task, consider:
    Option Description
    Company Hierarchy
    Select the company hierarchy that you want to record the NCI eliminations for.
    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 drill into
Group Result Detail
 per hierarchy 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 group results using the
    Noncontrolling Interest Result Group
    Cancel
     related action.
  • 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.