Minority Interest on Ownership Change

Question

Dear All,
How to achieve Minority Interest on Ownership Change in the same financial Year.
For Example:  For April Ownership and Minority interest is 60% and 40% respectively and PROFIT is YTD 1000.
On that period, Minority will be calculated at 40% and value would be 400.
Next Period, May month - ownership has been changed to 80% and 20% and profit value is  YTD 2000.
In this period, Minority should be calculated on two values, which 40% is on 1000 (april's value) and 20% on 1000 which May's value.
Total would be 400 + 200 = 600
How to achieve this in HFM. If we uncheck ConsolidateYTD in scenario view, then system will calculate minority as per the requirement. But, if we uncheck this, then ZeroviewforAdj and ZeroviewfornonAdj has to be periodic and any adjustment requiered, then only periodic value needs to be inputed. But, data load is happening with YTD values (TB values been loaded with YTD value). Any impact on Flow(P&L) / Balance (Balancesheet) accounts if we use periodic values for adjustment.
If we check ConsolidateYTD, then minority interest will be calculated at that month's minority interest % on YTD value.
If month is april then, 40% on 1000 and if month is may then 20% on 2000 = 400 ( which is not right on profit value).
Also, if we uncheck ConsolidateYTD, and having ZeroviewforAdj and ZeroviewfornonAdj with YTD will not give right figure.
Is any other way to approach or achieve minority interest calculation as shown above.
Kindly share your ideas and approach.
Regards,
Raj-

Answer 1

Hi Raj,
Although the manual mentions that ZeroView and ConsolidateYTD should be aligned, I don't think that Oracle should impose this. The reason is that the combination ConsolidateYTD = No with ZeroView = YTD works alright provided you keep some precautions. To make it clear lets consider this: ZeroView can impact two things:
1. future periods, not having and real data loaded (we can just ignore these periods - why bother consolidating them? so this is no problem).
2. intermediate empty periods, which is the case, when we keep both quarterly and monthly data in the same scenario, then periods intermediate to the quarters are left empty.
In any case, ZeroView impacts periods that you don't want to load data, if data is loaded to the period, there is no issue with calculating the consolidated numbers.
So, our discussion is limited to the second case, where we have quarterly data, intermediate months are zero ConsolidateYTD = No and ZeroView = YTD. Then as soon as you set the right consolidation options, your numbers will consolidate correctly in quarters. Lets say that we have numbers in March with 60% and June 40%. Provided that you also make April and May Active and apply the 40% from April through June, then everything calculates correctly. However, if you apply 60% to April and May and 40% to June or leave Active = No for April and May, then numbers will not calculate correctly.
In fact this is my preferred configuration, and it has never let me down.
-- Kostas