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Shared entity - minority interest

edited Dec 2, 2019 1:20PM in Financial Consolidation and Close 3 comments

Summary

Consolidation of shared entity with different ownership within the same group

Content

Hi,

We have an entity that is owned by two different parent entities by 99.5% and 0.5%. It means that there is no NCI on the top of that group. However, the application is creating the elimination NCI effects for the Group. Shouldn't FCCS "correct" this elimination effect in the FCCS_Entity Elimination Adj? What's the correct way of handling it in the ownership?

Any help will be very appreciated! 

 

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