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Question

Problem - ownership change Minority to Majority mid-year


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  • Do Gooder (Customer)
  • 5 replies

We had ownership in a subsidiary change mid-year from 50% to 100% and changed the consolidation method from Equity Minority to Equity Majority accordingly.  This is resulting in a financials out of balance on the parent node in consolidations. 

The income statement side (GCP2 & GCP8) of the Profit Elimination consolidation transaction type remain but the balance sheet side (GCP1 & GCP7) cease with the change in consolidation method.   The result is in effect a one-sided entry. 

How to resolve this so this consolidation node is back in balance?

 

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