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Investment of Subsidiary eliminating for Not Consolidating Entity

in Financial Consolidation and Close 3 comments

Summary:

We have two entity hierarchies configured in FCCS: Hierarchy 1 uses the consolidated parent structure. Hierarchy 2 is maintained for reporting purposes. All entities that exist in Hierarchy 1 are also present in Hierarchy 2. The Investment in Subsidiary ruleset (with custom account - 176507) is enabled, and we are currently reconciling data between the two hierarchies at the top parent level. We have identified a variance related to the Investment in Subsidiary account.

Scenario Entity 40013 is the holding entity posting the Investment in Subsidiary balance. The corresponding ICP partner (investee entity) is 52001. 52001 is a non-consolidating entity in both hierarchies.

Ownership setup: Hierarchy 1 40013 is a Holding entity with 100% ownership. 52001 remains non-consolidating. Hierarchy 2 40013 is a Subsidiary entity with 100% ownership. 52001 is owned at 12.4% and remains non-consolidating.

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