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Equity Pick up Rule in FCCS

Received Response
edited Jun 17, 2019 1:34PM in Financial Consolidation and Close 3 comments


Equity Pickup Calculation for First Period


Hello Gurus,

We were trying to use the equity pick up rule in FCCS and facing below issue in first period calculation.

In first period, Equity pick up is calculated by applying the ownership% at Total Equity account. whereas the treatment for existing investment at historical cost is not considered at time of calculating the equity pickup adjustment.

Below is the example:

A Consolidated (Parent)
    Company A (Holding)
    Company B (Subsidiary -60%)
In Book of Company A, Investment has been recorded at 4million.

Total Equity of Company B is 10Million.

System is calculating the Equity pick up Adjustment at first period is 6million. whereas as per my understanding this should be only 2million.

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