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Intercompany Elimination Process - Different calendars/Reporting Cycle

in Financial Consolidation and Close 1 comment

Summary:

We would like to know the Intercompany elimination process for FCCS as per the below mentioned scenario

There are two Intercompany entities which are performing different reporting cycles/calendars.

Example: The Business Unit of Group A which consists of entity 112 will be following "Feb to Jan" reporting cycle whereas The Business Unit of Group B which consists of entity 901 will be following "May to Apr" reporting cycle.

In continues to the above statement the business would like to go with P1,P2,P3 as periods naming convention in FCCS. Having said that Group A "Feb" falls under P1 whereas "Feb" falls under P10 for Group B. If the business is performing the MEC for any period (example:Feb) how we can eliminate the ICP transactions of "Feb

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