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

Investment in Sub Account not eliminating as expected for shared hierarchy

Question
1
Views
0
Comments
in Financial Consolidation and Close

Summary: Investment in Sub account in alternative hierarchy not eliminating at consolidated level as expected. Illustrative example shown below

Total Segments - Expected elimination of investment in sub

Segment 1

Segment 2

Entity B (Europe Market Parent)- Owned by Entity A

Segment 3

Entity A (Corporate entity)- Investment in Sub

Content (required):

In above example, Entity A (Corporate Entity) owned Europe Market (10 base Entities under legal structure) and Investment in Sub elimination is working as expected for legal structure, However in segment reporting we have shared Entity B (Europe Market Parent) and not all base entities where the Investment in Sub is not getting eliminated as expected. Appreciate if you could share any thoughts/Workarounds/Alternate solution to fix the issue.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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