Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Change of ownership causes unbalance on second consolidated level

edited Jul 18, 2024 4:32PM in Financial Consolidation and Close 6 comments

Summary:

Our customer acquired some companies with a holding. When setting these as 100% subsidiary (as of May 2023) the first consolidated level shows a balance sheet mismatch of zero, but at the second consolidated level, it's showing an mismatch equal to the YTD result before ownership change.

With prior similar acquisitions this mismatch didn't show up.

It's the proportional amount on FCCS_REC OBFXCTA / [FCCS_Mvmts_Acquisitions_Total].[FCCS_Mvmts_Acquisitions] / FCCS_Entity Proportion Adj that's causing it. Has any of you seen this issue before or know how to solve this? An SR has already been created.

We've disabled all configurable consolidation rules (in TEST), but that did not solve the mismatch.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!