SEM-BCS Minority Interest in Income Statement

[Former Member]

Hi,

I am using SEM-BCS 4.0. The C/I task calculates Minority Interests in Current period profits.

How can Minority Interest in profit be shown in Income Statement?

Please suggest

Regards,

[ignaz_cadalbert]

Hi,

First you have to have an item for minority interest in the income statement.

Then do the following in the customizing workbench:

Consolidation of investments --> Settings --> Appropriation of retained earnings

Select the tab "Net Income" and assign the mentioned item in the section "Minority Interest in Annual Net Income".

Regards

Ignaz

[Former Member]

Hi Ignaz,

I have already assigned an Income statment item under Consolidation of investments --> Settings --> Appropriation of retained earnings -->

"Net Income".

Please let me know what further settings I have to make to have this working.

Thanks,

[Former Member]

Hi,

If the calculated MI is properly written to the MI item in P&L, you need just to include this item into a query.

Best regards,

Eugene

[Former Member]

Hi Eugene,

My question is that how do I ensure that MI is posted to P&L?

thanks,

[Former Member]

Hi,

First of all, check if in the settings you have the proper accounts for MI (UCWB - Consolidation functions - Consolidation of Investments - Settings - Equity). MI accounts should be assigned to every equity item.

Second, look at the journal entries after execution/testing the task in the monitor.

Best regards,

Eugene