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Change ownership Parent Entity

in Financial Consolidation and Close 5 comments

Summary:

We have changed the ownership of our top parent entity. The entity was Not consolidated in Oct-24 and is set to subsidiary consolidated 100% in November. The reason for change is that the client needs to report on a new top parent entity level.

Content (please ensure you mask any confidential information):

When we apply this change, we obtain wrong results at Contribution level in the Old top entity (TOP_OLD), which results in not obtaining correct figures at the new top parent entity (TOP_NEW).

The wrong figures are populated at proportion level in Nov-24:

I have been told by Oracle support that I can not change the ownership at parent level, and that we must set the old top parent entity to 100% from the first period of the application. This will provide a wrong result on the new top parent entity, as it should be populated only from Nov-24

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