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Net Income Equity rule not calculating correctly

edited Jul 23, 2021 9:56AM in Financial Consolidation and Close 4 comments

Summary

Results calculated in configurable Net Income Equity rule is not correct

Content

Hi,

I have configured the 'Net Income Equity' rule to redirect account calculation to custom account 'Share of Profit of JV'. The factor is set as 'ownership%' as the entity is set as Equity method and consolidation% is 0 and Ownership % is 50%.

However, The value calculated for 'Share of Profit of JV ' is not 50% of 'Continuing Operations Income' which in my case is same as 'Retained Earnings Current'.

 

 

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