EGL: Minority Interest Equitization Elimination Entries Creating Incorrectly For Sub Own Structure.
Last updated on SEPTEMBER 27, 2017
Applies to:PeopleSoft Enterprise FIN General Ledger - Version 9.2 and later
Information in this document applies to any platform.
On : 9.2 version, Consolidation and Equitization
When there is a subsidiary ownership relationship as follows, the minority interest elimination created by the Equitization processing
is being created and eliminated at the same level.
In this example BU 74600 is owned 30% by 04400 and 70% by 02800. Additionally, 04400 is owned 100% by 02800. When the equitization
process is run, the minority (30%) equity pick up from 74600 is made to 04400 and the elimination of the pickup
is made to the 044E0 elim bu within the same node on our equitization tree. The equitization process creates
the appropriate equity pick up and elimination entries for the various other subsidiary ownership relationships. Consolidation processing is not being run.
Expect elimination at the correct level.
The issue can be reproduced at will with the following steps:
1. Setup Consolidation setup.
2. Run Consolidation rpocess.
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