Owner's Equity (Equity) Rule-Set
The Owner's Equity (Equity) rule-set consists of two rules/journal detail lines.
This rule-set applies the current period Ownership % to the current period Owner's Equity changes excluding Retained Earnings Current. This assumes that the changes in Owner's Equity accounts excluding Retained Earnings Current are deemed to be pre-acquisition/pre-divestment changes and that the Retained Earnings Current changes are post-acquisition/post divestment. Current year pre-acquisition/pre-divestment Retained Earnings should be transferred from the Retained Earnings Current account to the Retained Earnings Current Pre-Ownership Change account in order to be eliminated.
This rule-set offsets with Investment in Subs (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 18-23 Owner's Equity (Equity) (Rule-set)
| Entry | Description |
|---|---|
| Condition | Entity Current Method =Equity And Total Data Sources < > 0 |
| Factor | Current / Entity Ownership % |
| Dimension | Source POV |
| Account | Base of "FCCS_Total Equity" Excluding Base of "FCCS_Retained Earnings Current", Base of "FCCS_Other Reserves", "FCCS_CTA" |
| Intercompany | "FCCS_No Intercompany" |
| Movement | Base of "FCCS_ClosingBalance" Excluding "FCCS_OpeningBalance" |
| Data Source | Base of "FCCS_TotalDataSource" |
Table 18-24 Owners Equity - 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 18-25 Owners Equity - Investment in Equity Company (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" |