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Davy's avatar
Davy
Contributor
3 years ago

How do you handle a sale of a division in your company to other corporations?

Happy inflation and recession (aka layoffs) everyone <silly grin> How do you handle a sale of a division in your company to other corporations? For example:  We have a Division1 selling w...
Finance
Davy's avatar
Davy
Contributor
3 years ago

 

All consolidating entities

                                         |__   Division 1 (has data from 1/2022 to 5/2022)

                                         |__   Division 2

 

 

 

Division 1 is sold in June, so we create a new Division 1_sold

 

All consolidating entities

                                         |__   Division 1 (has data from 1/2022 to 5/2022)

                                         |__   Division 2

 

All sold entities

                                         |__   Division 1_sold (has data from 6/2022 and beyond )

                                         |__   Division xxx

 

 

 

 

Is there a better more elegant way – e.g. no need to create a Division 1_sold ?

 

 

All consolidating entities

                                         |__   Division 1 (has data from 1/2022 to 5/2022)

                                         |__   Division 2

 

All sold entities

                                         |__   Division 1 (has data from 6/2022 and beyond )

                                         |__   Division xxx