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Adding new companies in a period lead to have discrepancies in proportion member.

in Financial Consolidation and Close 7 comments

Summary:

In May FY23 we added 3 new companies, then when we consolidated the data, a wrong value came up in the proportion member which brings about to an unbalance in the consolidated group. We would like to find answer why FCCS is calculating this movement.


Content (required):

In detail, these are the accounts charging for that period in concert with [Acquisition of companies and businesses - OBOC] movement account.

Currently, we have fixed this issue through journals to adjust the unbalance creating an extra account outside of balance sheet. Please see the Excel spreadsheet with the yellow highlighted error. (BTW owner percentage is 100%)

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