Opening Balance of Investment/Equity.

As we are migrating to BCS system the investment by one entity is not match with equity in another intercompany.
I understand when we execute the COI function initially after loading the opening balance ,the balancing entry goes to Goodwill.
But can these entry be adjusted against the Retained earning due to business scenario since the aquisition is old one, except for BCS.
The question is:
1. it normal to post such entry to 'Retained earnings' using level 30 manual entry.
2.Can the COI function be configured in such a way for selected company codes that these differences go to 'Retained earnings' automatically than update the goodwill.
3.Can a reclassifcation function be used at level 30 to transfer such entry from Goodwill to retained earnings account.
Appreciate to share your experience..Points will be awarded will be helpful answers.

1. In many cases we use manual entry for posting level 30 adjustments. However I recommend you include the retained earnings at the time of go-live with the first consolidation AFD entries.
2. It may be possible (not sure) to use retained earnings as the goodwill account in the COI configuration and subsequently change it to the true good will account after the cut-over of first consolidation period. That is unless there is actually a situation where goodwill should be posted in the first period.
3. A reclassification could be used for this conversion. If so, I recommend the task be removed after the first period of using BCS, or the method be limited to the period and year of first consolidation with BCS. As with 2 above, this will not work if there is actually a situation where goodwill should be posted in the first period.

Similar Messages

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  • Opening balance account for BP

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  • Year End Openning Balance

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  • Reg-Opening balances

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  • Fixed Asset - Manually enter opening balance

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