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Is it possbile to check ICP ownership percentage and then generate Related party transactions.

in Financial Consolidation and Close 15 comments

Summary:

Customer wants to check the ICP ownership method and then apply 1- ICP ownership percentage to generate the related party transactions

Content (please ensure you mask any confidential information):

Example : Entiy ABC and ICP Entiy - XYZ
ICP XYZ Consolidation Method - Proportional and Consolidation percentage =35%

A1000 - Intercompany account and A1100 is a related party account

1 - ICP consolidation percentage = 1 -0.35 = 0.65

It looks ate the A1000 Intercompany account value 1000 and then apply 0.65* 1000 to generate the value 650 .An offset value -650 is generated at A1000 and related part value 650 is generated for the Related party account A1100. Please see the sample working .

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