Current year pre-acquisition Retained Earnings

Summary

Against which account member to do journal to transfer Current year pre-acquisition Retained Earnings to Retained Earnings Current Pre-Ownership Change account?

Content

Hi Experts,

 

The admin guide says 

"Current year pre-acquisition/pre-divestment Retained Earnings should be transferred from the Retained Earnings Current account to the Retained Earnings Current Pre-Ownership Change account in order to be eliminated." However, which account should the amount of Current year pre-acquisition RE to transferred OUT from ? Is it FCCS_REC OBFXCTA? 

One use case is that when the acquisition occurs mid-month, part of the current month RE Currrent of the subsi needs to be transferred to RE Current Pre-Ownership Change account to be eliminated.