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Non Controlling Interest Calculation in FCCS based on daily weighted average number of shares

in Financial Consolidation and Close 1 comment

Summary: To facilitate accurate and consistent calculation of Non-Controlling Interest (NCI) within the FCCS (Financial Consolidation and Close System) module, the Client requires a systematic approach to capturing and tracking the share counts for both Class A and Class B shareholders. This is crucial for ensuring that the NCI is calculated correctly, reflecting the ownership structure and movements in the equity base.

Content:

Explained below is a breakdown of the whole process which should happen in FCCS application:

1. Daily Share Count Tracking for Class A and Class B Shares

The process begins with the daily capture of share counts for both

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