ICP Eliminations in case a company/intercompany is acquired/gets disposed
SummaryWish to have advises about how to treat the case
when a company/intercompany gets disposed/acquired (in other words, when a company/intercompany consolidation method changes from subsidiary to any other or viceversa), we would expect:
1. Acquisition: all pre-acquisition ICP balances involving the acquired company (both as an entity and as an ICP) start to be eliminated;
2. Disposal: all pre-disposal ICP eliminations occurred in the past (and re-opened periodically) should be diverted in order to avoid they still contribute to the consolidated results;
as per our experience with FCCS, these two cases are not natively covered (please refer to the attached .jpg. LE004 is a subsidiary both in Jan and Feb; LE003 is subsidiary in Jan and gets "not consolidated" in Feb; on the contrary LE005 is not consolidated in Jan and gets subsidiary in Feb).