Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Liqudation Issue

edited Feb 15, 2021 7:01PM in Financial Consolidation and Close 2 comments

Content

Hello,

We are trying to set a liquidation process for one entity in the hierarchy, and the ownership should transfer to another holding in the system is there a specific process for liquidation process internally, however what we have now is that the RE prior and Owner's equity has been aggregated and the net appears to the total equity as a result of changing the ownership percentage to 0% and the consolidation method to Not consolidated, so is there any other step missing to complete the cycle of the liquidation.

 

 

Regards,

Hussein

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!