In some cases it is a government or state-owned enterprise. The subsidiary can be a company, corporation, or limited liability company. This would be known as a "wholly owned subsidiary." (Source : Wikipedia) Subsidiary A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiarys stock. A parent company could simply be a company that wholly owns another company. _ Parent Company A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. In the US, 80% or more of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.(Source : Wikipedia)Author: Chief Architect: A SAP EPM Community ServicesSulthan MohammadJothi PeriasamySAP EPM/BPC Project Lead/Manager/ArchitectSAP HANA/EPM/BI/EIM Community Thought Leader SAP EPM Community MemberSAP BPC/BOBJ/BW/MDM Community Domain, (916)-296-0228 - CellCloneSkills, Inc.,, , 1.800.836.8959, Page - 3 4. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. The term usually refers to a company which does not produce goods or services itself rather, its purpose is to own shares of other companies.
Holding Company Holding company is a company that owns other companies outstanding stock. For this uniquerequirement, the IC Elimination process follows the concept calledposting at first common parent. In any given group, the entities and the partnerdoing business with should only be present. _Business Scenario:During period close or month end close or quarterly close theaccounting concepts, the revenue generated within the group byexchanging the goods and services with affiliated companies needsto be eliminated.All Inter-Company activities and balances should be eliminated withinin a group when the group reports the financial results of entitieswithin the group. 65Author: Chief Architect: A SAP EPM Community ServicesSulthan MohammadJothi PeriasamySAP EPM/BPC Project Lead/Manager/ArchitectSAP HANA/EPM/BI/EIM Community Thought Leader SAP EPM Community MemberSAP BPC/BOBJ/BW/MDM Community Domain, (916)-296-0228 - CellCloneSkills, Inc.,, , 1.800.836.8959, Page - 2 3. 13Consolidation (IC Elimination) Implementation. 12Consolidation (IC Elimination) Implementation Steps. 11Consolidation (IC Elimination) Building Blocks. _SAP BPC NW 10.0 Knowledgebase Inter Company Elimination(IC) Implementation Guide A SAP EPM Community ServicesAuthor: Chief Architect: A SAP EPM Community ServicesSulthan MohammadJothi PeriasamySAP EPM/BPC Project Lead/Manager/ArchitectSAP HANA/EPM/BI/EIM Community Thought Leader SAP EPM Community MemberSAP BPC/BOBJ/BW/MDM Community Domain, (916)-296-0228 - CellCloneSkills, Inc.,, , 1.800.836.8959, Page - 1Ģ.
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