Forum Discussion

Surfhat1's avatar
Surfhat1
New Contributor II
2 years ago

Moving entity to new parent

We are moving an entity to another parent.  Prior periods have been locked.  Will this cause an issue with reporting as the entity will roll up under a different segment.  Trying to determine if we n...
Consolidation
  • CarlosAlvear's avatar
    CarlosAlvear
    12 months ago

    Hi Surfhat1,

    I think the best approach is to create a new entity because otherwise you can mess up the consolidation from previous periods (Unless the consolidation is fully blocked once it has been launched)

    For keeping the same entity, I think we'd need to be able to define the parent as a time function. So far, the parent definition is fixed for a given entity so I'd create a new entity for the new organization.

    Thank you.

    Carlos 

CarlosAlvear's avatar
CarlosAlvear
Contributor
12 months ago

Hi Surfhat1,

I think the best approach is to create a new entity because otherwise you can mess up the consolidation from previous periods (Unless the consolidation is fully blocked once it has been launched)

For keeping the same entity, I think we'd need to be able to define the parent as a time function. So far, the parent definition is fixed for a given entity so I'd create a new entity for the new organization.

Thank you.

Carlos