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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 :

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