EPU Calculation: Opening Balance Equity for Siblings When Entity Becomes Holding

Summary:

Hi Gurus,

Our business team expects that when an entity moves to a new parent and becomes a holding entity, the opening balance of equity accounts for its sibling entities should also be captured as part of the equity pickup calculation. We are currently leveraging the out-of-the-box Equity Pickup (EPU) functionality for these calculations, and we utilize different source and destination accounts in the EPU module.

Could you please advise if there is a standard way to achieve this in Oracle FCCS or suggest any possible approaches, customizations, or workarounds to ensure that the opening balance equity for siblings is picked up when an entity becomes a holding? Any best practices or lessons learned are also appreciated.