Enterprise Performance Mgmtpublic

Financial Consolidation and Close

Get Involved. Join the Conversation.

This is a public Forum  public

Topic

    Yannis Vossos
    Holding Company still contributes after discontinued.
    Topic posted November 11, 2019 by Yannis VossosRed Ribbon: 250+ Points, last edited November 11, 2019, tagged Consolidation, Eliminations, Intercompany 
    16 Views, 2 Comments
    Title:
    Holding Company still contributes after discontinued.
    Summary:
    We have a holding company that contributes to the group after it was discontinued.
    Content:

    We have a holding company that contributes to the group after it was discontinued. As you can see in the attachment it was an earlier elimination intercompany  of that holding. It looks like a bug, we have an open SR but nothing so far.

    Any help or ideas is gladly welcome!

    Regards

    yannis

    Version:
    latest
    Document:
    open_bal_error.docx (127KB)

    Comment

     

    • Benoit. LASCOLS

      Hello Yannis,

      how are you ? (perso email benoit.lascols@oracle.com)

      For your issue, different point:

        - In my mind, Discountinued operation should be registered with a percentage (because need it to impact in a proper maner the equity),

        - I have a doubt on the fact that discountinued is working - empty method (cf the link attach https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/consolidation_manage_methods.html),

        - In that case you have to specify the rules, and normally you should keep the result realized before the aquisition (with counter part inreserve) (should be easy to setup with rules),

        - If you have a time constraint, the best should be to desactivate the entity, and post a journal, to book the net result realized before the deconsolidation (cp in reserve)

      See you

      Benoit

       

      • Yannis Vossos

        Hello Benoit,

        I´m fine and you?

        Thank you so much for your answer!
        On your first point can you please elaborate, should I have  continue with what %?

        Regards

        yannis

     

    community forum