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Holding Parent entities in FCCS

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edited Jul 10, 2023 4:41PM in Financial Consolidation and Close 8 comments

Summary:

Hi Experts,

We have a requirement, where a parent entity is holding for it's parent hierarchy.

Below is the example:










'E_1001_Co' (which is a parent of E_1001 and E1020) is my holding company, under parent 'E_1001_Group', where we do not want Equity eliminations to be happen.

We selected holding method, but as per Oracle suggestion, it is not recommended to use holding or custom methods for Parent entities.

Do we have any OOB feature/config to handle this?


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