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Restructuring of entity structure with Shared members

edited Dec 17, 2024 4:57PM in Financial Consolidation and Close

Summary:

Restructuring of entity structure:

We have Loaded data starting from Mar-24 in FCC.

From Mar-24 to Sep-24 A_Consolidated has Entity1 with 100% ownership

From Oct-24 onwards Entity1 is moved to B_Consolidated with 100% ownership:

Please see below screen shot:

Elimination from Mar to Sep YTD is at A_Consolidated because Entity1 is rolling 100% and 0% to B_Consolidated .

Oct onwards we are making changes in entity restructure, we added shared member in B_Consolidated from Oct and updated % of ownership to B_Consolidated 100% and A_Consolidated 0%.

YTD elimination between Entity1 and Entity3 till Sep it is showing at A_Consolidated level for pnl accounts.

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