Goodwill to be stored in the entity currency of the Acquired entity
Summary:
Current Setup: Goodwill is calculated using Consolidation configurable rule i.e. Investment and equity elimination Hence Goodwill is stored in the parent currency. However, for some entities, client's requirement is to record goodwill in the entity currency of the Acquired entity Because of this IFRS Requirement "the goodwill for the foreign subsidiary shall be stored in the acquired entity's currency". Please guide us on how to do this configuration from some entitiess without impacting current setup.
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
25.08.72
Code Snippet (add any code snippets that support your topic, if applicable):