Reference: Equity Pickup Results in AP&C
In Adaptive Planning and Consolidation (AP&C), run the equity pickup process for these parent and subsidiary companies:
Parent Company | Subsidiary | Ownership | Net Income
Debit/(Credit) USD | Change in Parent Investment
Debit/(Credit) USD | Provision for Loss |
|---|---|---|---|---|---|
GMS USA | Green Planet | 100% | 151,900 | (150,000) | 1,900 |
GMS USA | GMS Hong Kong | 65% | (46,501) | 30,225 | |
GMS USA | GMS Canada | 100% | (3,162) | 3,162 | |
GMS USA | GMS Australia | 80% | (17,337) | 13,870 | |
GMS Canada | GMS Australia | 20% | (17,337) | 3,467 | |
Third-party Company | GMS Hong Kong | 35% | (46,501) | 16,275 |
Workday displays results on the parent books in either of these base currencies, depending on how you calculate equity pickup:
- Parent
- Subsidiary
Equity Pickup Results in Subsidiary Base Currency
When you record equity pickup results in the base currency of the subsidiary, Workday posts these accounting entries to the books of the parent company in the subsidiary base currency:
GMS USA
Ledger Account/Worktag | Debit (Subsidiary Currency) | Credit (Subsidiary Currency) | FX Rate | Debit (Company Currency | Credit (Company Currency) |
|---|---|---|---|---|---|
Investment in subsidiary
Green Planet | 150,000 | 1.000000 | 150,000 | ||
Equity income in subsidiary
Green Planet | 151,900 | 1.000000 | 151,900 | ||
Provision for Loss
Green Planet | 1,900 | 1.000000 | 1,900 | ||
Investment in subsidiary
GMS Hong Kong | 234,389 | 0.128955 | 30,225 | ||
Equity income in subsidiary
GMS Hong Kong | 234,389 | 0.128955 | 30,225 | ||
Investment in subsidiary
GMS Canada | 3,671 | 0.861334 | 3,162 | ||
Equity income in subsidiary
GMS Canada | 3,671 | 0.861334 | 3,162 | ||
Investment in subsidiary
GMS Australia | 12,855 | 1.078958 | 13,870 | ||
Equity income in subsidiary
GMS Australia | 12,855 | 1.078958 | 13,870 |
GMS Canada
Ledger Account/Worktag | Debit(Subsidiary Currency) | Credit(Subsidiary Currency) | FX Rate | Debit(Company Currency | Credit(Company Currency) |
|---|---|---|---|---|---|
Investment in subsidiary
GMS Australia | 3,214 | 1.078958 | 3,467 | ||
Equity income in subsidiary
GMS Australia | 3,214 | 1.078958 | 3,467 |
Third-Party Company
The Equity Pickup amount is related to the noncontrolling interest parent. Workday uses the rules for recording net income attributions for noncontrolling or minority interest consolidations. You can configure these rules on the
Maintain Elimination Rules
task.The equity pickup process doesn't create operational journals for noncontrolling interest in Workday. When you run the
Consolidated Trial Balance
report, these results are the accounting entries in the currency of the Hong Kong subsidiary:
Ledger Account/Worktag | Debit (Subsidiary Currency) | Credit (Subsidiary Currency) | FX Rate | Debit (Company Currency) | Credit (Company Currency) |
|---|---|---|---|---|---|
NCI Expense | 126,210 | 0.128955 | 16,275 | ||
NCI Accrual | 126,210 | 0.128955 | 16,275 |