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Handling cross holdings

edited May 14, 2018 11:34AM in Financial Consolidation and Close 4 comments

Summary

Minority calculation for cross holdings is not calculated correctly

Content

Hi, 
I am trying to understand how does FCCS handles cross holding, meaning, for example, parent entity holds subsidiary A by 25% and Subsidiary B by 100%, subsidiary B also holds subsidiary A by 75%. 
The consolidated entity should contain no minority. How can I get this working in FCCS? 
I tried defining A under consolidated entity with method equity and 25% holding and under entity B as method subsidiary with 75% holding and the minority on the consolidated entity is 25% of the equity of entity A while no minority should appear on the consolidated entity

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