Quantcast
Channel: SCN: Message List
Viewing all articles
Browse latest Browse all 8581

IC elimination at Group Level

$
0
0

Hi Experts,

 

I am having issue related to IC Elimination. Scenario of my issue is as follows.

 

I have 3 companies

 

3000

4000

5000

 

and groups for consolidation are

 

CG1

3000

     CG2

     4000

     5000

 

I have booked IC transactions against each company. For eg Entity 5000 with I/C I_3000 and I_4000, Entity 4000 with I/C I_5000 and I_3000 and also Entity 3000 with I/C I_4000 and I_5000 respectively.

 

when I run consolidation at CG2 level, elimination entries of 4000 and 5000 with I/C I_3000 are also consolidated at CG2 level which shouldn't be calculated at this level and should be part of CG1. Which is creating issues at this group level. I want to eliminate these values so that I can correctly calculate Minority interest.

 

Please guide me as I am stuck at this point.

 

Thanks and Regards,

 

Sami


Viewing all articles
Browse latest Browse all 8581

Latest Images

Trending Articles



Latest Images

<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>