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Former Member

IFRS Starter Kit - Interco in Ownership

I am looking at the BPC 10 IFRS starter kit.

Typically a Interco dimension is a copy of the Entity dimension and is used to record financial transactions between entities.

The ownership cube has no financial data. It records the ownership relationships between groups and entities.

Can someone explain why Ownership has an Interco dimension and how it is used?



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    author's profile photo Former Member
    Former Member
    Posted on Jun 04, 2012 at 05:58 AM

    You use the interco dimension in the Ownership cube to assign the relationship between the holding company and its subsidiaries/joint ventures. For example Entity A holds Entity B and Entity B holds Entity C. You need to define the holding % into the follwing combination Entity A - Intco B and Entity B - Intco C and these need to be posted into the NON_GROUP member of the Group type dimension.

    After which run the ultimate ownership package for the system to determine the holding % of Entity A with Entity C.



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    • Former Member

      Thanks for that Prasanth. You are correct.

      There are a couple of things that caused my confusion and may confuse others.

      First the IFRS starts kit comes with a flat consolidation. The only intco value is I_NONE. This is not a typical scenario

      Secondly I have not read the tutorial properly and so missed the important step of setting the ownership up in an input schedule before using the Ownership Manager

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