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Sep 12, 2007 at 05:46 AM

SEM BCS COI

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Hello,

This is w.r.t COI Funtion. Say Company A is holding 80% in Company B and Company B is holding 60% in Company C. Later in say after 3 months Company A directly acquires 15% in Company C. The treatment of acquistion is Direct shares.I have RE for PY and CY. The issue is when Company A acquires 15% in Company C, it should consider all its profits till date for arriving at GW / Negative GW. So even RE CY has to be included in first consolidation. But when it comes to B in case of C the RE CY is considered as subsequent consolidation.

And the issue is we cannot post any manual entires for RE CY as this is clearing item.So any thoughts on this?

Rgds

Sreekanth