Hi Finance people,
Has anyone done a full consolidation in D365 or 2012 according to IFRS 2,8,10?
So here is my challenge. I want to know if anybody found an automatic way to calculate the goodwill and eliminate the profit of a non-controlling portion of the subsidiary?
Here is what i am looking to automate. The amount in yellow of 6,000$ represents the goodwill calculated this way:
+ Mommy's investment in Baby of 70,000$
+ Value of non-controlling interest is 20% of baby's net assets o 80,000$ = 16,000$
- Baby's net asset acquisition of 80,000$
(70+16-80=6k)
What i want to know if
a: is this better to do with the on-line consolidation process or the financial reporting tool?
b: has anyone done that and could share a print screen of the setup of the columns or the setup steps of the online consolidation process?
This would be very appreciated.