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Error calculating Minority Interest

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edited May 18, 2020 5:48PM in Financial Consolidation and Close 6 comments

Summary

Minority Interest does not calculate properly using Configurable Calculations

Content

In Configurable Calculation Rule-set (Subsidiary, proportional) the minority interest elimination should be calculated using the ownership % of Total Equity (except retained earnings, CTA and Other Reserves). The ownership % is 50.6, but the value calculated in minority interest is 49.40% of Total Equity.

Can anyone help me with this issue?

Thanks!

 

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