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Manage Ownership

edited Nov 5, 2019 1:48PM in Financial Consolidation and Close 2 comments

Summary

NCI Calculations

Content

Hello,

 

We are implementing FCCS, and I have a few questions related to Manage Ownership.  We want to use the system to calculate NCI [instead of manually making the JE in the GL].

We have a few entities that we have that are subsidiaries.

  1. We are loading the ending balances into FCCS for Dec 18
  2. These subsidiaries have not had any ownership changes for several years, and we do not anticipate any for some time
  3. Our current calculation for NCI is based on the monthly Net Income * the %
  4. The simple entry on the G/L is debiting the P&L and crediting the B/S
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