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Reconsolidation of locked periods leads to different outcomes

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edited Jun 18, 2021 12:54PM in Financial Consolidation and Close 3 comments

Summary

In one period of one ICP account elimination is slightly different when reconsolidating 2018

Content

Hi,

When implementing several changes in FCC we saw some strange differences appear in October 2018. To test step by step which of the changes caused the issue, we copied production to test, unlocked all entities for the Legal structure and reconsolidated. The next step would be to add the changes one by one, to see when the issue would appear. But the issue already appeared after simply consolidating the data again, without doing any changes.

The issue is that one IC account does not eliminate in test as it does in production, starting October 2018. I am quite sure this is related to some ownership changes were done in October 2018 . Back then there was an issue (30056967 - FCCS - INCORRECT ELIMINATION FOR MULTIPLE INSTANCES OF THE PARTNER AS SIBLINGS/SIBLING DESCENDANTS) which forced us to create dummy entities so dummy ICPs would be created that could be used. Although not ideal, it lead to the required data. But when reconsolidating everything because we add a new entity structure, the BS is no longer

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