Joint Venture Net Income calculation
SummaryMinority interest not getting calculated for Net Income rule
I am moving an application from HFM to FCCS(version 21.07).
HFM current functionality
In HFM, there were 2 entities which were joint ventures and ownership% was at 50% and 24.5% respectively.
In the Statutory reporting, the PNL and BS hierarchy is not consolidating to parent and profit from joint ventures is posted to JV account, RetainedEarnings(RE) account and Investment in Associates account.
In Management Reporting,PNL is consolidated and at Pown % and posted to RE and Investments in Associates accounts.
What option I have to replicate the same functionality in FCCS?