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Cross-regional ICP eliminations at regional level

in Financial Consolidation and Close

Summary:


Is it possible to trigger intercompany (ICP) eliminations in FCCS before reaching the first common parent? Suppose, there are some cross‑regional ICP balances between US and UK entities. We currently run consolidations at the regional level, so ICP transactions within the US or within the UK are eliminated automatically, but cross‑regional ICP balances (US–UK) are adjusted manually. Can FCCS eliminate these cross‑regional ICP balances without requiring consolidation at the total geography level? Can we eliminate this cross-regional balances at regional level? Is it achievable in FCCS? If not, what's recommended alternative here.

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