Owner's Equity (Equity) PP Rule-Set
The Owner's Equity (Equity) Prior Period rule-set consists of two rules/journal detail lines.
This rule-set applies an ownership change to the Owner's Equity accumulated to the end of the prior period (or more specifically to the current period opening balances). This assumes that the owned company is an ongoing entity in the application and that only the ownership relationship has changed. The prior period Owner's Equity should therefore be eliminated to the extent that the Ownership % has changed from the prior period.
This rule-set offsets with Investment in Subs (from Investment rule-set) and the two rule-sets use the Goodwill Offset account as the clearing account. The other side of the entry recognizes the Investment in Equity Companies. There is no "Reverse Proportionalization" entry because the Consolidation % is zero and nothing is proportionalized from an Equity method company.
This rule does not rely on any Intercompany data entry in order to execute. It will run at the first consolidation level (that is, the immediate parent).
Table 18-26 Owner's Equity (Equity) PP (Rule-set)
| Entry | Description |
|---|---|
| Condition | Entity Current Method = Equity And Total Data Sources < > 0 And Entity Ownership % Change < > 0 |
| Factor | Current / Entity Ownership % |
| Dimension | Source POV |
| Account | Base of "FCCS_Total Equity" |
| Intercompany | Base of "FCCS_Intercompany Top" |
| Movement | "FCCS_OpeningBalance" |
| Data Source | Base of "FCCS_TotalDataSource" |
Table 18-27 Owners Equity PP- Goodwill Offset (Rule)
| Entry | Description | Redirect Target Member |
|---|---|---|
| Condition | inherited | |
| Factor | inherited | |
| Processing Option | Add | |
| Dimension | Source POV | |
| Account | inherited | "FCCS_Goodwill Offset" |
| Intercompany | inherited |
#Source POV Entity# |
| Movement | inherited |
IF: Entity Ownership % Change > 0 THEN: "FCCS_Mvmt_Acquisition_Input" ELSE: "FCCS_Mvmt_Disposal_Input" |
| Data Source | inherited | "FCCS_Intercompany Eliminations" |
Table 18-28 Owners Equity PP- Investment in Equity Companies (Rule)
| Entry | Description | Redirect Target Member |
|---|---|---|
| Condition | inherited | |
| Factor | inherited | |
| Processing Option | Subtract | |
| Dimension | Source POV | |
| Account | inherited | "FCCS_Investment in Equity Companies - Investment" |
| Intercompany | inherited |
#Source POV Entity# |
| Movement | inherited |
IF: Entity Ownership % Change > 0 THEN: "FCCS_Mvmt_Acquisition_Input" ELSE: "FCCS_Mvmt_Disposal_Input" |
| Data Source | inherited | "FCCS_Intercompany Eliminations" |