How to clear out foreign divested entities at Parent Currency when have CFCTA?

Question

We have stopped loading some entities which we divested in the prior fiscal year (2013).  Now, in the current fiscal year (2014), the Retained Earning rollforward logic is carrying forward the prior year P12 ending balance.  We can manually adjust out the figures in Enitity Currency in P1 of current year (July 2014) and clear out the ending RE balance, but we still have RE remaining at Parent Currency due to roll forward logic.  Our journals in HFM always reverse in the next period, so it seems that we will need to forever more book an adjustment in Parent Curr Adjs to clear out the RE and the Cumulative Foreign Currency Translation amount.  Has anyone had a similar issue?  How did you remove all Retained Earnings at the Parent Currency levels when you got rid of a company? Thank you.

Answer 1

Just about every application I've seen has always had some form of rule allowing for historical translation overrides for the equity section.  Some do it by allowing you to adjust the rate the equity is translated at, others do it by allowing you to enter the PC amount you want in EC in a seperate account (Dollar Overrides seems to be a common term) but either way, you'll need that functionality to accomplish this.
Basically your rules are causing the problem(prior year USD copying across to current year USD), so your rules will need to be the solution.