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Subsidiary owned 100% gets proportion effect up to its parent equal to ownership % of its subsidiary

in Financial Consolidation and Close 15 comments

Hi,

We have a situation where a new entity gets activated in April FY23 as a 100% owned subsidiary (E122), which consolidates to a parent that is 45% owned (using proportional method - E121G). This parent consolidates as a subsidiary that is 83.58021288% owned by its parent (E108G) and uses the subsidiary method.This parent (E100G) consolidates at 100% using the subsidiary method.

The final parent (E100G) should consolidate line by line 100% of the Entity Total value up to the final parent (E010G), but only gets a value on FCCS_Proportion, FCCS_Intercompany Eliminations and the FCCS_Mvmts_Acquisitions of 83.58021288%, which is the ownership of the entity one level down in the hierarchy (and that also uses Subsidiary method…).

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