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Best Practices for Closing entity in FCCS

in Financial Consolidation and Close 12 comments

Summary:

General Best practices to Close an entity in FCCS

Content (required):

1. What would be the best practice for Closing an Entity in FCCS?

2. Whether Closed Entities hierarchy is outside of the main hierarchy?

3. Please suggest the Best approach for re-organizing entity and data maintenance in FCCS without doing consolidation and translation for prior periods.

4. Kindly let us know how to achieve the following, if the entity moved to 'Closed entity', the balances should goout for prior periods without impacting consolidation and translation

Version (include the version you are using, if applicable):

23.09

Code Snippet (add any code snippets that support your topic, if applicable):

Tagged:

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