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

Joint Venture Net Income calculation

Question
13
Views
0
Comments

Summary

Minority interest not getting calculated for Net Income rule

Content

Hi,

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.

In FCCS:

What option I have to replicate the same functionality in FCCS?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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