Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

Parent Entity Status changed from Not Consolidated to Subsidiary

in Financial Consolidation and Close 6 comments

Summary:

Opening Balance Is not coming in Next year at Proportion Level after method is changed

Content (required):

ABC_CONSO is shared in 2 entity structure.

In one of the structure it is "Not Consolidated" in FY21 Dec, but it became "Subsidiary" in FY22Jan. Technically Balance Sheet should consolidate full, but at Proportion level, opening is c/f from Last year. So it is only consolidating movement. Do we put opening balance in Opening Adjs or some movement account and how we do this in FCCS. Please suggest best practice in FCCS.

How can we consolidate Balance Sheet line item fully from FY22Jan. I have added screenshot as below :

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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