Offset of Minority Interest

[Former Member]

Hi Friends,

Please help me to find a solution to the following problem.

The BCS COI task generates Minority Interest on FS Item "X12345" [FX-CTA], currently booking the adjustment to the same FS Item "X12345 "[FX-CTA]; the adjustment needs to instead be booked to a new FS Item "X67891" .

Example:

Based on activity in FS Item "X12345 "[FX-CTA]

Book MI-percentage to FS Item "X10000" [Min Int RE (Deficit)]

Offset to "X12345" [FX-CTA]

If the activity in "X12345 "[FX-CTA] is 1000 and the MI rate is 50%, it would have booked:

X10000 500

X12345 -500

The change request was to substitute new account "X67891" for "X12345 " in the generated entry. In the same example, the entry would now be:

X10000 500

X67891 -500

How can I change the offset from "X12345 "[FX-CTA to "X67891'.

Please help where I need to make changes to get the desired effect.

Thanks & Regards

Suraj.

[Former Member]

Hi Christopher,

Yes you are right. For FAS160 requirements for Minority Interest disclosure, my client asks for the change in Equity Items (Offset to another Equity item).

The MI should calculate on X12345 (FX-CTA)

Equity Item Minority

X12345 (FX-CTA) X10000(Min Int RE(Deficit)

And offset to another Account X67891.

Thanks for ur kind response.

Thanks & Regards

Suraj.

[Former Member]

It sounds like you just want to change the assignment in Equity Items on the Minority Interest tab for X12345 to be X67891.

- Chris