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Acquisition of Entity - Heirarchy issue

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edited Jul 7, 2020 7:10PM in Financial Consolidation and Close 7 comments

Summary

Existing level 0 entity is acquiring an entity

Content

I need to figure out the best way to handle an acquisition in FCCS. 

Current:

Parent

   Child

 

Acquisition needs to be added to the child and consolidate to a new parent.  OR the child becomes the parent and I add 2 children.  Will either option work?  What is best practice?

 

Thanks

 

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