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FCCS Intercompany Debt Elimination: Intercompany elimination is the process that a parent company goes through in order to remove transactions between subsidiary companies in a group. Parent companies complete intercompany eliminations when they're preparing consolidated financial statements. In this video tutorial, we will shown step by step FCCs Intercompany Elimination Case Study.
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In this video, we teach how intercompany elimination take place. When transaction happen within group between subsidiaries, the transaction is required to be eliminated. Intercompany elimination is the process that a parent company goes through in order to remove transactions between subsidiary companies in a group. and NetSuite Intercompany elimination ensures that there are only third party transactions represented in consolidated financial statements. We will give you a demonstration on NetSuite Intercompany Elimination.
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