We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
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

When an Entity is bought, FCCS uses the assumption that it acquires retained earnings (the OBOC adj

Question
26
Views
0
Comments
edited Feb 15, 2021 10:52PM in Financial Consolidation and Close

Summary

the holding purchases the accumulated value of that entity, not just the periodic value of its income. Data exposition is not correct

Content

When an Entity is bought by another entity, the holding purchases the accumulated value of that entity, not just the periodic value of its income. FCCS uses the assumption of it acquires retained earnings (the OBOC adjustment). 

For Grupo Bimbo is not correct the data exposition on Income Statement, because all accounts regarding this purchase of a company are not correct YTD.

To have an adjustment in one account (FCCS_REC OBFXCTA) is not useful, customer needs the detail for all flow acounts.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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