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Changing Manage Ownership Consolidation Methods

Received Response
edited Sep 23, 2019 3:41PM in Financial Consolidation and Close 1 comment


How do I consolidate a new Group and holding company above?


If I have an entity hierarchy with some Current Group entity (LLC) at the top, then I have a New Group entity (PLC) along with a New Holding company added above, how do I get the right Opening balances to the New Group entity?  Assume all ownership 100% and Control Yes. 

I would set my Current Group from NotConsolidated to Subsidiary in the month the New Group is added with its New Holding company set to holding.  Everything consolidates right for the movements from that point, but no opening balances don't show for the New Group, since they are strictly referring to the prior period closing balance of the New Group unit as it is a periodic application.

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