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