Do you have some kind of best practise for associated companies in Controller 8.4? Below is information on equity method.
How to use different elimination tables and consolidation method E in this situation?
Equity method: A method of accounting by which an equity investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the net profit or loss of the associate (investee).
Thanks in advance!
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5 replies Latest Post - 2010-10-01T11:35:59Z by paulyoungcga
Pinned topic Associated companies (equity method according to IFRS)
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Updated on 2010-10-01T11:35:59Z at 2010-10-01T11:35:59Z by paulyoungcga
Paul_Allen 2700025GB913 PostsACCEPTED ANSWER
Re: Associated companies (equity method according to IFRS)2009-06-08T15:22:57Z in response to SystemAdminYou need to use a combination of automatic journals E100, E110, E210 and E500.
I recommend recruiting the assistance of an expereinced consultant if you are a client.
I have, however, attached a simple example of what each journal does.
SystemAdmin 110000D4XK41 Posts
Dhims 2700033P502 PostsACCEPTED ANSWER
Re: Associated companies (equity method according to IFRS)2010-07-08T16:02:11Z in response to Paul_AllenHey, i have seen the above file. this example represents when Investment is equal to share of net worth (i.e. 700). I would like to know what if investment is more or less than share capital. In other words, how to handle goodwill or capital reserve.
Thanks in advance.
paulyoungcga 2700034G4W2 PostsACCEPTED ANSWER
Re: Associated companies (equity method according to IFRS)2010-10-01T11:35:59Z in response to DhimsThere are several documents available on the DeveloperWorks site around automatic journals.