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99% subsidiary and indirect holding of 1%

in Financial Consolidation and Close 2 comments

Summary:

We have multiple use cases where holding company owns 99% in a subsidiary and the remaining 1% is being owned indirectly through another subsidiary. The consolidation method for the 1% share has been kept as non-consolidated. At Parent level the ownership becomes 100% (99% direct and 1% indirect). As per our understanding, there must be no minority interest at the parent level but FCCS application is calculating minority interest and showing in the parent's books. How can we handle such a situation in FCCS? I am attaching a screenshot of the setup done in FCCS.

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