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Oracle Financial Consolidation Hub User Manual

Release 11i
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Oracle® Financial Consolidation Hub
User's Guide
Release 11i
Part No. B16229-05
March 2007

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  • Page 1 Oracle® Financial Consolidation Hub User's Guide Release 11i Part No. B16229-05 March 2007...
  • Page 2 Oracle Financial Consolidation Hub User's Guide, Release 11i Part No. B16229-05 Copyright © 2005, 2007, Oracle. All rights reserved. Primary Author:     Karen dela-Torre, David Deputy, Sagar Kamdar, Carol Ann Lapeyrouse, Jason Loy, Sanjay Mall, Beini Zhou, Rob Zwiebach Contributing Author:     Carolyn Luk Contributor:    ...

  • Page 3: Table Of Contents

    Send Us Your Comments Preface 1 About Oracle Financial Consolidation Hub Oracle Financial Consolidation Hub Overview............... 1-1 2 The Oracle Financial Consolidation Hub Solution Quick Reference........................2-1 3 Setting Up Oracle Financial Consolidation Hub Oracle Financial Consolidation Hub Setup Overview.............3-1 4 Setting Up Users Overview...........................
  • Page 4 7 Setting Up Categories Overview........................... 7-1 Category Definitions......................... 7-2 Selected User Interface Elements for Setting Up Categories........... 7-4 8 Setting Up Consolidation Methods Overview........................... 8-1 Selected User Interface Elements for Setting Up Consolidation Methods......8-1 9 Setting Up Consolidation Rules Overview........................... 9-1 Selected User Interface Elements for Setting Up Consolidation Rules........
  • Page 5 Setting Up Consolidation Hierarchies..................13-2 Consolidation Hierarchy Structures..................13-6 Updating Consolidation Hierarchies..................13-7 Duplicate Hierarchies for Restatements and What-if Analysis..........13-9 Multiple Parents ........................13-9 14 Submitting Data Overview..........................14-1 Monitoring Data Submission....................14-2 Setting Up Data Submission for Oracle Sources..............14-4 Submitting Data for Oracle Sources..................
  • Page 6 Intercompany Matching Report....................18-3 Data Submission Trial Balance Report................... 18-4 Data Submission Data Loaded Report..................18-4 Data Submission Impacted Balances Report................18-5 Hierarchy Listing Report......................18-5 Value Set Map Validation Report................... 18-6 Write Back to General Ledger Report..................18-6 19 Setting Up Analytical Reporting Overview..........................
  • Page 7 WebADI Selected User Interface Elements................A-3 B Concurrent Programs Concurrent Programs........................ B-1 C Business Events Business Events ........................C-1 D Profile Options Profile Options.......................... D-1 Index     vii...

  • Page 9: Send Us Your Comments

      Send Us Your Comments Oracle Financial Consolidation Hub User's Guide, Release 11i Part No. B16229-05 Oracle welcomes customers' comments and suggestions on the quality and usefulness of this document. Your feedback is important, and helps us to best meet your needs as a user of our products. For example: •...

  • Page 11: Intended Audience

      Preface Intended Audience Welcome to Release 11i of the Oracle Financial Consolidation Hub User's Guide. See Related Information Sources on page xii for more Oracle Applications product information. TTY Access to Oracle Support Services Oracle provides dedicated Text Telephone (TTY) access to Oracle Support Services within the United States of America 24 hours a day, seven days a week.
  • Page 12 Web sites. Structure 1  About Oracle Financial Consolidation Hub 2  The Oracle Financial Consolidation Hub Solution 3  Setting Up Oracle Financial Consolidation Hub 4  Setting Up Users 5  Setting Up Oracle Enterprise Performance Foundation 6 ...
  • Page 13 that you have installed to learn about new documentation or documentation patches that you can download. About Documents are available on OracleMetaLink. User Guides Related to this Product • Oracle General Ledger User Guide: This guide contains the information you need to implement and set up Oracle General Ledger.
  • Page 14 products). This guide also includes information on setting user profiles, as well as running and reviewing reports and concurrent processes. You can access this user's guide online by choosing Getting Started with Oracle Applications from any Oracle Applications help file. Installation and System Administration •...
  • Page 15 Standards for Forms–Based Products. It also provides information to help you build your custom Oracle Forms Developer 6i forms so that they integrate with Oracle Applications. Other Implementation Documentation • Oracle Workflow Administrator's Guide: This guide explains how to complete the setup steps necessary for any Oracle Applications product that includes workflow–...
  • Page 16 row in one table without making corresponding changes in related tables. If your tables get out of synchronization with each other, you risk retrieving erroneous information and you risk unpredictable results throughout Oracle Applications. When you use Oracle Applications to modify your data, Oracle Applications automatically checks that your changes are valid.

  • Page 17: About Oracle Financial Consolidation Hub

    About Oracle Financial Consolidation Hub Oracle Financial Consolidation Hub Overview Oracle Financial Consolidation Hub brings together financial data from disparate sources to create a single, global view of financial information across the entire enterprise. By providing one consistent view of your enterprise's financial position...
  • Page 18 By providing accurate, timely, and enterprise-wide information, Financial Consolidation Hub provides a foundation, upon which financial organizations can establish and evaluate business strategies. 1-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 19: The Oracle Financial Consolidation Hub Solution

    Oracle General Ledger. page 5-1 Ledger. See: Processing Keys, page 5-4 • Submitting Data for Oracle Entities, page 14-6 • Load data from Supports spreadsheet-based Spreadsheet Loader, page 14-11 other systems. uploads over the Web. The Oracle Financial Consolidation Hub Solution    2-1...
  • Page 20 If Oracle General Ledger data Oracle Entities Example, page 14-8 changes. changes, consolidation informs the • user. Hierarchy changes display Updating Consolidation Hierarchies, page 13-7 impact on screen and in notifications. • Process Status, page 15-2 2-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 21 Provides ability to secure Role-Based Security, page 21-1 consolidation processing and • results by hierarchy. Locking Results, page 15-4 • Certify financial Certifies financial statements and Integrating with Internal Controls Manager, statements. business processes. page 22-1 The Oracle Financial Consolidation Hub Solution    2-3...
  • Page 22 HTML, XML, and Oracle reports Enterprise Planning and Budgeting User's Guide formats. • Security Detailed security settings can be Administering Security, Oracle Enterprise applied to each reporting user. Planning and Budgeting User's Guide 2-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 23: Setting Up Oracle Financial Consolidation Hub

    Setting Up Oracle Financial Consolidation Oracle Financial Consolidation Hub Setup Overview The following table shows the Oracle Financial Consolidation Hub setup checklist. Complete all required steps in the sequence indicated. Financial Consolidation Hub Setup Checklist Step Number Setup Step Step Type Description  ...
  • Page 24 Used to translate or page 12-1 remeasure data to a parent's currency. Skip this step if are implementing a single currency. Set Up Consolidation Required Used to organize Hierarchies, page 13- entities for consolidation 3-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 25: Setting Up Users

    Setting Up Users Overview To implement Oracle Financial Consolidation Hub, define users and assign them responsibilities. Each responsibility offers access to a different functionality in different products. This chapter lists the common responsibilities required to implement Financial Consolidation Hub. For details on the security surrounding users and responsibilities, see Security, page 21- To implement Financial Consolidation Hub, you may require access to the following products or functionality as listed in the following table.
  • Page 26 For responsibilities outside of Financial Consolidation Hub, please refer to the corresponding user guides to determine a complete list of available responsibilities and security considerations. 4-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 27: Setting Up Oracle Enterprise Performance Foundation

    Setting Up Oracle Enterprise Performance Foundation Overview Oracle's Corporate Performance Management applications, including Financial Consolidation Hub, share a common data model called Oracle Enterprise Performance Foundation. Enterprise Performance Foundation provides a storage area for managing reference data that contains dimensions, dimension members, hierarchies, and business data.
  • Page 28 Natural Account - This is similar to the line item dimension. It is available in addition to line item because you may need to track two different types of natural account. For example, one for legal reporting and one for management, or one for 5-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 29: Tasks

    local GAAP and one for corporate GAAP. This dimension can be used in conjunction with line item for these purposes. Product - Used to identify the product associated with a financial balance. Project - Used to identify the project associated with a financial balance. User Dimension 1 to 10 - These dimensions can be enabled for any purposes not addressed by the above mentioned dimensions.
  • Page 30 If you are using other Oracle products that sit on top of Enterprise Performance Foundation, you must consider all of the dimensions that must be enabled for Enterprise Performance Foundation for all the products. 5-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 31 Column Select the dimensions that you want to set as active in Enterprise Performance Foundation. These dimensions will be the superset of the dimensions used by Financial Consolidation Hub and any other Oracle products that you use on top of Enterprise Performance Foundation.
  • Page 32 Configuration Rules > Dimension. The Actual and Average balance types are seeded in Financial Consolidation Hub, and require you to specify an Actual data set. The following table shows the attributes required for actual data sets. 5-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 33 Data Sets Attributes Dataset Balance Type Code Actual Dataset Update Flag Dataset Production Flag Dataset System Code <User specified> Note: You can not create additional Actual balance types. You may only use the seeded ones. The following table shows attributes required for Encumbrance data sets. Data Sets Attributes Dataset Balance Type Code...
  • Page 34 Enterprise Performance Foundation. Therefore, you only need to create additional value sets in Enterprise Performance Foundation if you are loading data from third party financial systems that 5-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 35 use different sets of values. If all financial data brought in through external systems is based on a single chart of accounts, or is transferred from Oracle General Ledger, you can omit this step. To transfer data from Oracle General Ledger to Enterprise Performance Foundation, see Using Oracle General Ledger with Enterprise Performance Foundation, page 5-17.
  • Page 36 See: Using Oracle General Ledger with Oracle Enterprise Performance Foundation, page 5-17 Some attributes for dimension members do not appear in the spreadsheet loader. Financial Consolidation Hub automatically populates these attributes . To view the full 5-10    Oracle Financial Consolidation Hub User's Guide...
  • Page 37 list of attributes for a dimension member, use the Enterprise Performance Foundation Administrator responsibility, navigate to Configuration Rules > Dimension > Members. Here, you can use the Enterprise Performance Foundation user interface to view, update, and create dimension members. You can also use the WebADI spreadsheet loader.
  • Page 38 Therefore, you can only map values from a subsidiary's natural account dimension to the parent's natural account dimension. You cannot map the subsidiary's natural account dimension to the parent's line item dimension. See: WebADI spreadsheets, page A-1 5-12    Oracle Financial Consolidation Hub User's Guide...
  • Page 39 During the Data Preparation step of the consolidation process, Financial Consolidation Hub maps the source values into the specified parent values. You can version value set mappings, for example to take reorganizations into account. When you run consolidation, Financial Consolidation Hub applies the appropriate version based on the effective date for which you are consolidating.
  • Page 40 You can create or update Line Item Intercompany Maps one at a time through the user interface, or more than one at a time through a WebADI spreadsheet loader. See: WebADI Spreadsheets, page A-1 5-14    Oracle Financial Consolidation Hub User's Guide...
  • Page 41 Task 10: Data Transformation and Validation Task 10 is only necessary if you perform transformation or validation on your data submissions and need to register additional tables and functions for the transformation and validation rules. For Task 10, you can register any tables or functions you want to use in Transformation Rule Sets and Validation Rule Sets.
  • Page 42 For example, map the Object dimension to User-Defined Dimension 1 hierarchies should be created on the user defined dimensions selected. See: Setting Up Analytical Reporting, page 19-1. 5-16    Oracle Financial Consolidation Hub User's Guide...

  • Page 43: Using Oracle General Ledger With Oracle Enterprise Performance Foundation

    When you click Complete, Financial Consolidation Hub launches the FCH: Module Initialization concurrent program. Monitor the concurrent program and verify that it completes successfully. Additional Setup Tasks Once you complete Tasks 1-12, perform the following additional setup tasks. Set default values in Enterprise Performance Foundation. Using the Enterprise Performance Foundation Administrator responsibility, navigate to Configuration Rules >...
  • Page 44 An account-based dimension rule specifies how a particular dimension in Enterprise Performance Foundation is derived from the segments of a General Ledger Chart of Accounts. Specifically, the account-based dimension rule specifies how 5-18    Oracle Financial Consolidation Hub User's Guide...
  • Page 45 dimension members are derived from segment values. Setting Up Dimension Rules Map each chart of accounts that you selected to be transferred to Enterprise Performance Foundation to Enterprise Performance Foundation dimensions. You can then synchronize segment values and hierarchies into Enterprise Performance Foundation as dimension members and hierarchies.
  • Page 46 Organization dimension and the cost center segment to a user-defined dimension for reporting purposes. Note: For Financial Consolidation Hub purposes, you must include the company segment in the mapping. See: Setting Up Analytical Reporting, page 19-1 5-20    Oracle Financial Consolidation Hub User's Guide...
  • Page 47 Dimension Description Financial Consolidation Hub Requirements and Recommendations Intercompany The Intercompany mapping If your chart of accounts has an depends upon the intercompany segment, assign Organization mapping. the intercompany segment to the Intercompany dimension. If you do not have a qualified intercompany segment, then assign a specific value.
  • Page 48 Hierarchy rules apply only to dimensions that are related to the General Ledger chart of accounts structure. Each hierarchy rule is based on a particular dimension rule so the system can use the correct list of dimension members 5-22    Oracle Financial Consolidation Hub User's Guide...
  • Page 49 to construct the dimension hierarchy. Financial Consolidation Hub enables you to define new hierarchy rules and new dimension hierarchy rule versions. Definition of a new rule creates a new hierarchy definition within Enterprise Performance Foundation. Creating a new version of the rule creates a new hierarchy version within Enterprise Performance Foundation.

  • Page 51: Setting Up Entities

    Setting Up Entities Overview Entities are designed to provide a flexible framework to separate and organize operational data, consolidation processing, and consolidation results. Entities are the building blocks used to construct consolidation hierarchies. See: Setting Up Consolidation Hierarchies, page 13-2 The following entities are designed to easily organize operating, elimination, and aggregation data for analysis and consolidated financial reporting: •...
  • Page 52 Example In the following hierarchy, APAC and Subsidiaries is a consolidation entity. It has a controlling entity, APAC HQ. The associated elimination entity is APAC Eliminations. Japan is an operating entity. 6-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 53 Sample Consolidation Hierarchy Entity in Enterprise Performance Foundation When you create an entity in Financial Consolidation Hub, corresponding Enterprise Performance Foundation structures are automatically created. An entity in Financial Consolidation Hub corresponds to the same-named dimension member in the default value set for the Entity dimension.

  • Page 54: Selected User Interface Elements For Setting Up Entities

    Whether you select an Oracle General Ledger or a third party data source system, it determines some of the fields that must be entered for the entity. If you specify any additional data types, each additional data type can have a different 6-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 55 source system. Note: If the source system for actuals is not Oracle General Ledger, the source systems for any additional data types cannot be Oracle General Ledger. Ledger To create an operating entity with an Oracle General Ledger source system, you must select a ledger in Oracle General Ledger from which to pull balances.
  • Page 56 You can use a company value in only one enabled entity. In order to free a company value, you can remove it from an entity or disable the entity or run the concurrent request FCH: Update Entity Organizations. 6-6    Oracle Financial Consolidation Hub User's Guide...

  • Page 57: Spreadsheet Loader

    Each company can own multiple organizations that are used in account balances for the entity. Note: If you create an organization for an entity after the entity is created, you must synchronize the organization assignments. To synchronize, click Update for the entity. Base Organization To create an operating entity, select a base organization for the entity.
  • Page 58 If there are errors in the spreadsheet, the spreadsheet is rejected. All errors must be corrected before you run spreadsheet loader. If the spreadsheet has no errors, it launches the FCH: Load Entities concurrent request. 6-8    Oracle Financial Consolidation Hub User's Guide...

  • Page 59: Setting Up Categories

    Setting Up Categories Overview Categories control how a consolidation is processed and reported. They provide a means of grouping process logic and specifying parameters impacting the output of such logic. Customers can leverage categories to track and analyze their consolidated results.

  • Page 60: Category Definitions

    To specify how intracompany balances are identified, select Yes or No in the Identify Intracompany Transactions When They Differ From a Specific Value drop-down list. The following table shows an example of how the option selected impacts Intracompany. Assume that 00 is the constant value. 7-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 61 Impact of the Selected Option on Intracompany Balance Identification Option Selected Organizatio Line Item Intercompany Intracompany Organization Transaction Only intercompany when 2300 organization and Intercompany are different. Differ from Specific Value "00" 2300 Translation Translation occurs after all categories that affect the child's balances are executed. The Translation category picks up all data from a child entity and translates it to the parent's currency.

  • Page 62: Selected User Interface Elements For Setting Up Categories

    Track Each Child Separately The Track Each Child Separately feature determines the granularity of a consolidation rule output. If you select Yes, see the organization level granularity in the calculations. See: Minority Interest, page 7-3 7-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 63 Net to Retained Earnings at Year-End The Net to Retained Earnings at Year-End feature determines whether year-end processing should be applied to manual adjustments and consolidation rule entries for this category. The default setting is No. If you select Yes for the Net to Retained Earnings in the Year-End drop-down list, any income statement adjustments or consolidation rule entries for the applicable category are closed to retained earnings when crossing the fiscal year.

  • Page 65: Setting Up Consolidation Methods

    Setting Up Consolidation Methods Overview A consolidation method is a mechanism that defines the accounting method applied during consolidation. Consolidation rules are assigned to each consolidation method. A consolidation method is assigned to each parent child/relationship within the Consolidation Hierarchy user interface. Related Topics Setting Up Consolidation Hierarchies, page 13-2 Selected User Interface Elements for Setting Up Consolidation Methods, page 8-1...
  • Page 66 20-50% owned. You can then override this, in specific cases, as needed. An example would be where an entity is 45% owned, but you have effective control over it. 8-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 67: Setting Up Consolidation Rules

    Setting Up Consolidation Rules Overview A consolidation rule is a user-defined mechanism that enables you to automate the creation of consolidation entries during consolidation processing. Typical examples of entries generated by consolidation rules include the following: • Minority interest • Equity accounting You can also use consolidation rules to calculate acquisition and disposal entries.

  • Page 68: Consolidation Rule Steps

    Financial Consolidation Hub provides 11 tokens. The tokens available for a consolidation rule are determined by the category to which the rule is assigned. The table below shows available tokens for the Minority Interest and User Defined categories. 9-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 69: Suspense Handling

    Seeded Tokens Used with the Minority Interest and User-Defined Categories Token Description ELIMTB Elimination Entity Balances CHILDTB Child Entity Balances %OWN Ownership Percentage at Consolidation Minority Interest Ownership Percentage Formula Scope The formula scope identifies the source and target accounts for the formula. Source You can restrict source values by dimension.

  • Page 70: Additional Data Types

    The figure below illustrates the hierarchy for the examples. The examples focus on Vision Consolidation Subsidiary and its subsidiary, Japan. APAC and Subsidiaries has complete control over Japan, and so is fully consolidated. 9-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 71 Sample Consolidation Hierarchy Minority Interest You want to calculate the minority interest for the relationship between APAC and Subsidiaries and Japan. Since the relationship is a Full consolidation type, 100% of the balances in Japan are aggregated to APAC and Subsidiaries. However, since APAC and Subsidiaries only owns 80% of Japan, you want a resulting entry that removes 20% of the profit of Japan.
  • Page 72 Subsidiaries has the base organization 12.100. Japan has the balances in the following table. Assume these balances have already been translated into the parent currency, USD. Japan's Balances Company Cost Center Line Item Balance Organization 11.100 1100-Cash 11.100 2100-Debt -200 11.200 3000-Equity -100 9-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 73 Company Cost Center Line Item Balance Organization 11.200 4000-Revenue -500 11.100 5000-Expense During consolidation, the consolidation rule produces the entry in the following table: Entry Produced by Consolidation Rule Company Cost Center Line Item Balance Organization 11.100 3600- Minority Interest B/S 11.100 5450- Minority Interest P/L The consolidation rule identifies the balances with line items 4000-Revenue and...

  • Page 74: Eliminate Investment In Subsidiary

    The rule step finds any balances in the source entity whose Line Item is 3000 - Equity and creates a consolidation entry that is equal to the Percent Ownership multiplied by those balances. The consolidation entry is written to the line item 1820 - Investment in Subsidiaries. 9-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 75 Step 2: Eliminate Subsidiary Equity In step 2, the Japan's equity is eliminated. Since Japan is not fully owned, the portion of equity not owned will be calculated in step 3. The rule step finds any balances in the source entity whose Line Item is 3000 - Equity and creates a consolidation entry that is equal to those balances.
  • Page 76 APAC HQ has the balances in the following table. APAC HQ Balances Company Cost Center Organization Line Item Balance 12.100 1100-Cash 12.100 1820 - Investment in Subsidiaries 12.100 3000-Equity -700 12.100 4000-Revenue -500 9-10    Oracle Financial Consolidation Hub User's Guide...
  • Page 77 Company Cost Center Organization Line Item Balance 12.100 5000-Expense Japan has the balances in the following table. Assume these balances have already been translated into the parent currency, USD. Japan's Balances Company Cost Center Organization Line Item Balance 11.100 1100-Cash 11.100 2100-Debt -200...
  • Page 78 11.100. The three consolidation entries produced have a total balance of: (-400) + 500 + (-100) = 0. They are thus balanced, and no suspense needs to be added. 9-12    Oracle Financial Consolidation Hub User's Guide...

  • Page 79: Setting Up Intercompany Rules

    Setting Up Intercompany Rules Overview An intercompany rule is a mechanism that identifies intercompany activity to be matched and eliminated. Intercompany rules are applied during both intercompany and intracompany processing. During intracompany processing, rules eliminate activity within an operating entity. During intercompany processing, the rules eliminate activity between two entities.

  • Page 80: Suspense Handling

    Suspense handling writes to the suspense account of the receivables side entity. Note: A balancing entry is written to the suspense account for any out of balance amounts, whether or not they exceed the user-specified threshold amount. 10-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 81: Additional Data Types

    If the out of balance amount exceeds the threshold amount specified in the intercompany elimination rule, a warning is generated, but the consolidation is allowed to continue. You can inspect the entries in the Consolidation Process Status page and make appropriate adjustments if necessary. Additional Data Types By default, you can run consolidations on actuals and averages.
  • Page 82 Accounts Receivable and Accounts Payable. Assume the hierarchy option, Match Intercompany by, is Company. Also assume the intracompany option, Identify Balances When They Differ from a Specific Value, is set to Yes, 00. 10-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 83 The intercompany rule looks for balances that contain the line items 1200 – Accounts Receivable, 2200 – Accounts Payable or 2210 – Accounts Payable Discounts, and whose intercompany value differs from 00. Services is assigned to the companies 3 and 4, which are assigned to the organizations 3.100, 3.200, 4.100 and 4.200.
  • Page 84 The eliminations will be written to the elimination entity of the common parent. The eliminations will write to the same account, except reverse the debits and credits. The eliminations will also be grouped according to company pairs. In this example, the pairs 10-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 85 are 3 – 9 and 4 – 9. Each grouping is balanced using the suspense account. Here are the intercompany entries produced. Intercompany entry: Companies 3 and 9 Organization Line Item Intercompany Debits Credits   3.100 2200 – Accounts 9.100 Payable  ...
  • Page 86 Intercompany entry: Organizations 4.100 and 9.100 Organization Line Item Intercompany Debits Credits   4.100 2200 – Accounts 9.100 Payable 10-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 87 Organization Line Item Intercompany Debits Credits   9.100 1200 – Accounts 4.100 Receivable   9.100 3201 – AR/AP 4.100 Suspense The entry is balanced by writing -50 USD to the designated suspense account in the organization of the receivables entity. Since the suspense balance is below the threshold amount of 100 USD, the entry will not produce a warning during consolidation.

  • Page 89: Setting Up Calendar Maps

    Setting Up Calendar Maps Overview A calendar map is a user-defined mechanism that defines the relationship between the periods of two different calendars. The calendar map is used during consolidation processing when the operating entity calendar is different from the consolidation hierarchy calendar.
  • Page 90 January 1, 2004 to January 31, 2004 Feb-04 February 1, 2004 to February 28, 2004 Mar-04 March 1, 2004 to March 31, 2004 Apr-04 Apr 1, 2004 to Apr 30, 2004 May-04 May 1, 2004 to May 31, 2004 11-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 91 Period Name Data Range Jun-04 June 1, 2004 to June 30, 2004 Jul-04 July 1, 2004 to July 31, 2004 Aug-04 August 1, 2004 to August 31, 2004 Sep-04 September 1, 2004 to September 30, 2004 Oct-04 October 1, 2004 to October 31, 2004 Nov-04 November 1, 2004 to November 30, 2004 Dec-04...

  • Page 93: Setting Up Translation

    Setting Up Translation Overview Different entities can operate in different currencies, but for consolidation purposes, it is critical to standardize to a common currency. During consolidation processing, Financial Consolidation Hub automatically translates any entity's balances from the child's currency to the parent's currency if the two currencies are different. Translation is applied according to the rules specified in a translation method.
  • Page 94 Note: Regardless of the equity mode you choose, if you enter an historical rate or amount for a given equity account, Financial Consolidation Hub translates that account using the historical rate or 12-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 95 amount. Historical rates or amounts thus override ending and average rates. Income Statement Mode You can specify whether you want Financial Consolidation Hub to use the YTD or PTD to translate income statement account balances. A YTD specification translates ending balances using the ending rate. The period activity is then calculated from the difference between the current period's ending balance and the prior period's ending balance A PTD specification translates current period activity using the average rate.

  • Page 96: Entering Ending And Average Rates

    They can also be associated with income statement accounts with a non-monetary basis, such as Cost of Goods Sold and Depreciation. Non-monetary items are not readily convertible to cash, hence their values are associated with their historical worth. 12-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 97 Defining Historical Rates Before you run a consolidation process that uses historical rates, define historical rates where applicable. You enter historical rates or amounts for specific combinations of dimension values. The Historical Rates spreadsheet will show only the dimensions to be used for Historical Rates.

  • Page 98: Translation Example

    However, there is an historical rate of 0.84 for Retained Earnings and Paid-in Capital, and this overrides the ending rate for those accounts. The following table shows the rates used by translation for Vision: Canada. 12-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 99 Rates Used by Translation for Vision: Canada Entity Line Item Dr (CAD) Cr (CAD) Rate Vision: Canada Cash 1000 Vision: Canada Accounts Receivable 1200 Vision: Canada Accounts Payable Vision: Canada Paid-in Capital 0.84 Vision: Canada Retained Earnings 0.84 Vision: Canada Revenue 2000 Vision: Canada...
  • Page 100 YTD Dr YTD Cr (CAD) (CAD) (CAD) (CAD) Vision: Canada Cash 1000 Vision: Canada Accounts 1400 Receivable Vision: Canada Accounts Payable Vision: Canada Paid-in Capital Vision: Canada Retained Earnings Vision: Canada Revenue 2400 12-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 101 Entity Line Item PTD Dr PTD Cr YTD Dr YTD Cr (CAD) (CAD) (CAD) (CAD) Vision: Canada Cost of Goods 1200 Sold Vision: Canada Salaries The January balances plus the February PTD balances equal the February YTD balances. You can now translate the February balances at the appropriate rates for February. Note the historical rate for equities has not changed, but the ending and average rates have.
  • Page 102 The YTD debits and credits for income statement accounts are calculated by adding the current period's PTD debits and credits to the prior period's YTD debits and credits. The following table shows final translation results for February. 12-10    Oracle Financial Consolidation Hub User's Guide...
  • Page 103 Final Translation Results for February Entity Line Item PTD Dr YTD Dr Rate YTD Cr (CAD) (CAD) (USD) (CAD) (CAD) (USD) (USD) (USD) Vision: Cash 1000 0.81 Canada Vision: Accounts 1400 0.81 1134 Canada Receivable Vision: Accounts 0.81 Canada Payable Vision: Paid-in 0.84...
  • Page 104 Vision Account 0.81 Canad Payable Vision Paid-in 0.84 Capital Canad Vision Retained 0.84 Earnings Canad Vision Revenue 2400 0.72 1688 Canad Vision Cost of 1200 0.72 Goods Canad Sold Vision Salaries 0.72 Canad 12-12    Oracle Financial Consolidation Hub User's Guide...
  • Page 105 Entity Line YTD Dr Item (CAD) (CAD) (CAD (CAD) (USD (USD (USD)         Vision Cumulat Canad Translati Adjustm Setting Up Translation    12-13...

  • Page 107: Setting Up Consolidation Hierarchies

    Setting Up Consolidation Hierarchies Overview A consolidation hierarchy is a user-defined, date-effective structure that represents the parent/child relationships of entities that are processed during consolidation. When submitting a consolidation hierarchy for processing, the hierarchy relationship structure used is that effective on the last day of the period being processed. You can define multiple consolidation hierarchies to meet a variety of consolidation needs, including hierarchies for statutory, U.S.
  • Page 108 To view the Ledger and Data Sets of a consolidation hierarchy, view or update the consolidation hierarchy and click on Information for Analytical Reporting. See: Setting Up Analytical Reports, page 19-1 Setting Up Consolidation Hierarchies The setup for a hierarchy consists of two parts. 13-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 109 • Consolidation hierarchy attributes, which apply to the entire hierarchy. • Consolidation hierarchy structure, which defines the entities and parent-child relationships between them. Note: When you create a consolidation hierarchy, Financial Consolidation Hub launches the FCH: Hierarchy Initialization concurrent program. Monitor the request and verify that it completes successfully.
  • Page 110 This functionality requires your consolidation chart to be sourced from Oracle General Ledger. In addition, the cost center segment must be included in your organization dimension, and mapped individually to User Dimension 1. 13-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 111 See: Example of How an Intercompany Rule Works, page 10-3 Balancing Options In the Balancing Options region of the attributes page, select additional balancing options and specify retained earnings and suspense handling accounts. You can select a dimension, in addition to entity, to balance results. Balancing is enforced during consolidation.

  • Page 112: Consolidation Hierarchy Structures

    In the case of an entity having multiple parents, at most one of the relationships may be assigned a consolidation method of type Full. All of the other relationships must be assigned a method of type None. See: Multiple Parents, page 13-9 13-6    Oracle Financial Consolidation Hub User's Guide...

  • Page 113: Updating Consolidation Hierarchies

    Translation Method If an entity has a different local currency than its parent, specify a translation method. See: Translation Method, page 12-1 Uploading Hierarchy Structures When you create or duplicate a hierarchy, you can create the hierarchy structure using a spreadsheet loader.
  • Page 114 Acquisition and Disposal tab. Viewing Consolidation Hierarchies You can view a consolidation hierarchy for a specific date. Fill in the Effective Date field with the desired date. To view Retained Earnings and Suspense Handling attributes, 13-8    Oracle Financial Consolidation Hub User's Guide...

  • Page 115: Duplicate Hierarchies For Restatements And What-If Analysis

    click on Details for the topmost entity. You can also view the consolidation hierarchy in PDF and Excel form by clicking on the respective icons. See: Hierarchy Listing Report, page 18-5 Duplicate Hierarchies for Restatements and What-if Analysis The Consolidation Hierarchy page enables you to duplicate hierarchies. You can duplicate hierarchies for a variety of purposes, including restatements and creation of what-if scenarios.
  • Page 116 Mexico is 95%, which is below the 100% constraint. The consolidation method Vision Consolidation Full contains a minority interest consolidation rule. Assume the Minority Interest category has Reprocess for Multiple Parents set to Yes. 13-10    Oracle Financial Consolidation Hub User's Guide...
  • Page 117 Mexico has the following balances in Mexican Peso. Assume the conversion rate fro Mexican Peso to US dollars is 0.09. Organization Line Item Debits Credits   15.100 4000 - Revenue 10000   15.100 1100 - Cash 10000 First, Mexico is consolidated to North Americas Group. Its balances are converted to US dollars.
  • Page 118 8% of Mexico. Thus, Americas Group owns 60% * 100% * 8% = 4.8% of Mexico through this branch. The minority interest consolidation rule will produce the following consolidation entry in the currency of Americas Group, US dollars. 13-12    Oracle Financial Consolidation Hub User's Guide...
  • Page 119 Organization Line Item Debits Credits   15.100 3650 – Minority Interest B/S 43.2   15.100 5450 – Minority Interest P/L 43.2 The consolidation rule will calculate the balance as the change in minority ownership times the trial balance: (-0.048) * 900 = -43.2. This balance is added back. Setting Up Consolidation Hierarchies   ...

  • Page 121: Submitting Data

    Submitting Data Overview Data Submission enables you to submit trial balances for operating entities. Depending on the source system, the methods for submitting balances are as follows: • Oracle Source - To source from Oracle General Ledger, you can automatically submit financial data from General Ledger to Financial Consolidation Hub.

  • Page 122: Monitoring Data Submission

    If a data submission has warnings or errors, you can go to the Status Page to diagnose the problem. 14-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 123 Status Page You can click on the status icon to see the all of the parameters of the data submission. The status page also links to the concurrent request launched by the data submission and the view data loaded report. If you are diagnosing a problem, it may be listed on the concurrent request log and/or the view data loaded report.

  • Page 124: Setting Up Data Submission For Oracle Sources

    Balance Type Select the balance type you wish to pull. Include Average Balances If your ledger contains average balances, you are given the option to include average balances that can be consolidated. 14-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 125 Maintain Quarterly Balances It is recommended that you do not maintain quarterly balances. You can still report on quarter-to-date balances within Financial Consolidation Hub analytical reporting. Output Dataset If you select Actual balances type, you need to select an Output Dataset. Select Default as the output dataset.

  • Page 126: Submitting Data For Oracle Sources

    If you selected Translated Only, select the translated balances that you want to synchronize. Submitting Data for Oracle Sources For entities with Oracle sources, you perform a data submission for a given entity, 14-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 127 period, and balance type. When you perform the data submission, the assigned balances rule is used to access the appropriate balances in Oracle General Ledger. Note: The FCH Data Submission user interface keeps track of the concurrent request id of the data submission. However, in the case of data submissions that source from Oracle General Ledger, different concurrent request IDs are used to track the executed balances rule for each entity.

  • Page 128: Oracle Source Example

    Entities with Oracle sources can source from any combination of balancing segment values in a ledger in Oracle General Ledger. For example, looking at the following sample hierarchy, suppose that Corporation and Distribution are both Oracle entities that use balances from the Corporation ledger. 14-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 129 Sample Consolidation Hierarchy Assume that the Corporation ledger has the following balancing segment values: • 16: Corporate East • 17: Corporate West • 18: Distribution • 19: Reporting Adjustments You create an incremental balances rule that includes the balancing segment values 16, 17, and 18.

  • Page 130: Setting Up Data Submission For External Sources

    PL/SQL functions If any row of data is invalid, the entire data is not submitted. Condition Rule A condition rule defines a set of conditions that indicate that a trial balance is invalid. 14-10    Oracle Financial Consolidation Hub User's Guide...

  • Page 131: Submitting Data For External Sources

    Lookup Table Rule A lookup table rule defines a table of valid dimension member values for specified dimensions. You can select multiple columns in the lookup table to compare against and specify whether these columns match a column in the data loaded or match a fixed value.
  • Page 132 Therefore, it cannot provide you with a list of available members, or verify that all the values the designated are valid at the time of upload. After the data submission has been uploaded into Financial Consolidation Hub, it is transformed and then its values 14-12    Oracle Financial Consolidation Hub User's Guide...

  • Page 133: Selected User Interface Elements For Submitting Data For External Sources

    are checked. Note: Input the dimension member codes in the spreadsheet. Selected User Interface Elements for Submitting Data for External Sources Selected user interface elements for submitting data for entities with External sources are described in the following sections. Balance Type You can submit actual or average balances for the data submission.
  • Page 134 Before submitting data, you can enter applicable comments in the Submit Data > Parameters page. After submitting data, entered comments appear on the Data Submission Status page. Related Topics Submitting Data for External Sources, page 14-11 14-14    Oracle Financial Consolidation Hub User's Guide...

  • Page 135: Running Consolidations

    Running Consolidations Overview Financial Consolidation Hub enables you to perform statutory and management consolidations with the click of a button. The Consolidation Monitor enables you to monitor your current consolidations, review historical results, submit consolidations, and prepare your results for analytical reporting. Monitoring Consolidation Status The consolidation monitor provides you a view of the consolidation points within your hierarchy for a specific period and balance type.
  • Page 136 • Creating a manual adjustment for a consolidation hierarchy. • Updating a manual adjustment that has already been processed. • Creating an acquisition or disposal elimination. 15-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 137 • Updating an acquisition or disposal elimination, which has already been processed. • Changing The Translation Rates, Which Have Already Been Used By Translation. • Changing historical rates. • Updating trial balances for operational entities. • Reconsolidating a prior period for which the current period's results have been altered.

  • Page 138: Submitting Consolidations

    For subsequent runs within a period, this option determines whether to reconsolidate the entire hierarchy, or only those parts of the hierarchy that have changed since the last run. See: Impacted Status, page 15-2 Note: If you change intercompany or consolidation rules between runs, 15-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 139: Preparing Data For Analytical Reporting

    you should run consolidation in Full mode to ensure the new rules are applied uniformly across the hierarchy. When you submit a consolidation, you can select an EPB business process to automatically run after consolidation is complete. You can use this parameter to automatically show the latest consolidation results into Analytical Reporting.

  • Page 141: Adjustments

    Adjustments Overview Adjustments are one time or recurring entries that are entered manually. Examples of adjustments include the following: Example 1 You work in corporate headquarters on the consolidation team. It is quarter end and you have obtained trial balances from all the subsidiaries and started running consolidation.
  • Page 142 Free form text field p_description Free form text field p_hierarchy_id Consolidation Hierarchy name p_category_code Category name p_entity_id Operating Entity name p_balance_type_code Any data type name specified in the Foundation user interface p_start_cal_period_id Calendar Period name 16-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 143 XML Tag Value p_end_cal_period_id Calendar Period name, you can leave this blank for adjustments that will go on forever p_currency_code Currency name p_process_code "All runs for period" or "Next run only" Values for Lines Region (gcs_entry_lines) XML Tag Value description Free form text field company_cost_center_org_i Company Cost Center Organization name...
  • Page 144 Upon completion of the program, click on the output to view a PDF report displaying any adjustments that did not conform to the validation rules, and successfully uploaded adjustments. All successfully loaded adjustments can be queried and edited through the manual adjustments user interface. 16-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 145: Updating Adjustments

    Updating Adjustments You can update adjustment entries either through WebADI spreadsheets or XML files. After the update, if the original entry has been processed it will be renamed for auditing purposes. If you update adjustments in a period where consolidations have been run, the consolidation results are impacted.

  • Page 146: Write Back To General Ledger

    The adjustment is written to the Oracle General Ledger category specified in the Financial Consolidation Hub category for the adjustment. To utilize write back to General Ledger, you must create a source system in Oracle General Ledger named Consolidation. See: Setting Up Categories, page 7-4 16-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 147 Selected User Interface Elements To perform write back, set Do you want to write back entries in GL to Yes in the Upload window of the adjustment WebADI spreadsheet. Then set the parameters for where the General Ledger journal is to be written. Target Ledger The Ledger to which you add the adjustment.
  • Page 148 If you update an adjustment that was submitted for write back, and enable the updated journal for write back, Financial Consolidation Hub will first write back a reversal entry to eliminate the original write back entry. 16-8    Oracle Financial Consolidation Hub User's Guide...

  • Page 149: Accounting For Acquisitions And Disposals

    Accounting for Acquisitions and Disposals Overview Accounting for acquisitions and disposals is a way to tie changes in the consolidation hierarchy to consolidation entries. Each time a consolidation hierarchy structure changes, you can associate acquisition and disposal entries to the change. You can manually enter Acquisition and Disposal entries or generate them through Acquisition and Disposal rules.

  • Page 150: Create Accounting For Consolidation Hierarchy Changes

    Change Type - Adding an entity will have the change type as Acquisition. Remove Entity If you remove an entity from a consolidation hierarchy, enable Acquisition and Disposal entries by setting Create Accounting to Yes. The Acquisition and Disposal 17-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 151 properties will be set to the following. • From Consolidation Method - The original consolidation method of the entity, and the one that is visible when you view the consolidation hierarchy for an effective date before the change. • To Consolidation Method - You will specify this method in the To Consolidation Method field.

  • Page 152: Manually Entering Acquisition And Disposal Entries

    The subsidiary trial balance represents the trial balance of the child entity whose parent-child relationship is changed in the consolidation hierarchy. When you run consolidation, Acquisition and Disposal rules can source from this trial balance. 17-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 153 Note: The subsidiary trial balance is not the same thing as the data submission trial balance. The subsidiary trial balance is used solely as a source for Acquisition and Disposal rules. The data submission trial balance represents the operating balances of the entity, and is used as the source of consolidation rules and is aggregated during consolidation.

  • Page 154: Selected User Interface Elements For Acquisition And Disposal Rules

    Acquisition and Disposal rules may use the following tokens in their formulas. Variables Used to Define Acquisition and Disposal Elimination Rules Variable Description Source Cost of investment Entered in Subsidiary Trial (consideration amount) Balance 17-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 155 Variable Description Source Net asset value (assets less Generated from Subsidiary liabilities) Trial Balance New ownership percentage Entered when Updating Consolidation Hierarchy %FROM Old ownership percentage Entered when Updating Consolidation Hierarchy ADTB Acquisition and disposal trial Entered in Subsidiary Trial balance Balance PRETB...

  • Page 157: Viewing Reports

    Viewing Reports Overview Oracle Financial Consolidation Hub provides various reports to monitor and track the consolidation process. These reports will allow you to do the following: • Report on consolidation results. • Diagnose issues that may have occurred during the consolidation process.

  • Page 158: Consolidation Entries Report

    Entry Description- This parameter only applies to adjustments. It shows the user who entered the adjustment. You can access this report in the Consolidation Monitor or the Reporting User Interface. See: Process Status, page 15-2 18-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 159: Intercompany Matching Report

    You can customize this report by modifying the XML Publisher template. See Task 11: XML Publisher Templates, page 5-15 In the Consolidation Entries Report, you can drill down on balances for any report that is not in the Minority Interest category or any user defined categories. Intercompany Matching Report An intercompany transaction occurs when two companies in the same consolidation hierarchy have a financial transaction.

  • Page 160: Data Submission Trial Balance Report

    Entity - An operating entity for which data was submitted. • Load Identifier - A unique string of characters used to identify the data submission. • Currency - The currency of the data submission. 18-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 161: Data Submission Impacted Balances Report

    • Period - The period for which data was submitted. • Balance Type - Actual, Average, or any user-defined data types. See: Submitting Data, page 14-1 You can access this report in the Data Submission User Interface. For more information on accessing this report, see View Data Loaded, page 14-3.

  • Page 162: Value Set Map Validation Report

    Oracle General Ledger. The balances are in General Ledger segment format. The Writeback to General Ledger Report has the following parameters: • Entry- The name representing the write back entry. • Hierarchy- The consolidation hierarchy of the adjustment written back. 18-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 163 • Entity- The entity of consolidation hierarchy for the adjustment written back. • Category- The category of the adjustment in Financial Consolidation Hub. • Target Ledger- The ledger in Oracle General Ledger to which the adjustment is written back. • Target Ledger Period- The period in Oracle General Ledger to which the adjustment is written back.

  • Page 165: Setting Up Analytical Reporting

    Setting Up Analytical Reporting Overview Oracle's Corporate Performance Management Suite uses the analytical capabilities embedded in Oracle 9i and 10g. Analytical reporting enables you to create ad-hoc reports, set performance measures, distribute reports, and pivot and drill on dimensions. For more information on Analytical Reporting, see the Oracle Enterprise Planning and Budgeting User's Guide.
  • Page 166 A name for the rule Description Description for the rule Access Select Read or Write On the Create Rule: Functional Dimension Names and Mapping page, specify the following fields as described in table below: 19-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 167 Field Description Dimension Company cost center organization Functional Dimension Name Company cost center organization Table Name Select the data table that you had selected in FCH Foundation Task 12: Analytical Reporting, page 5-16. Column Name Company Cost Center Organization Click Add. The values you entered disappears, as you will define an additional functional dimension name.
  • Page 168 In Step 2, set one of the selected hierarchies as the default hierarchy. In Step 3, select any attributes you want to report against. In typical cases, you will not select any attributes, as they are too granular for analytical reports and would reduce performance. Two dimensions are treated differently: 19-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 169 • Currency - You do not need to refine this dimension. • Entity - Select the hierarchies that correspond to your consolidation hierarchies. The hierarchies are named in the format <consolidation hierarchy> effective since <start date of consolidation hierarchy>. See: Consolidation Hierarchy in Enterprise Performance Foundation, page 13-1 Note: Ensure that there are no consolidation result balances for parent values in the dimension hierarchies, with the exception of the entity...
  • Page 170 Instead, the user will show up only in the Current Accounts tab. Set Up Business Process The business process pulls in balances into Enterprise Planning and Budgeting . One business process represents one consolidation hierarchy and balance type. If you need 19-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 171 to pull in multiple balance types, for example actual and budget, or consolidation results from multiple consolidation hierarchies, you will have to create multiple business processes. To create a business process, use the Enterprise Planning and Budgeting Controller responsibility and navigate to Administration > Business Processes. If you have access to multiple business areas, you will be prompted to select a business area.
  • Page 172 Handling. Select all line items in the Targets region. Click Apply. Tasks Add the following tasks in the given order: Load data - This pulls the balances into Enterprise Planning and Budgeting. Leave 19-8    Oracle Financial Consolidation Hub User's Guide...
  • Page 173 all parameters as default Solve - This calculates the balances for parent values in the dimension hierarchies. Leave all parameters as default. Set Current Process Run - Each time you run a business process, it creates a new view. This task will create a view named <business process> - Current Instance, which will always point to the latest view for the business process.
  • Page 174 Instead, when you submit consolidation, you can select the business process to run directly after consolidation completes. See: Submitting Consolidations, page 15-4. 19-10    Oracle Financial Consolidation Hub User's Guide...

  • Page 175: Creating And Sharing Reports

    Creating and Sharing Reports After successful completion of a business process, you can use the results in analytical reports and graphs. You can create, save, open, and modify reports. Reports exist in an online file system of folders that allows other designated users to access your reports. When you finish adjusting the content and format of the report, click Save.
  • Page 176 Annotations - You can write notes and attach them to cells. The notes will be archived and can be viewed and sent to other users. To create annotations, click the Annotations link in the Tools region. 19-12    Oracle Financial Consolidation Hub User's Guide...
  • Page 177 • Calculations - You can insert calculations on the data in your report. To insert calculations, click the Calculation link in the Tools region. For more information on ways to manipulate analytical reports, please refer to the Enterprise Planning and Budgeting User's Guide. Sharing Reports You can share reports with other users by setting the proper security for reports and folders.

  • Page 179: Setting Up Excel Add-In

    Consolidation is created in Excel. You will use this menu to access the Excel Add-in functionality. Installing Excel Add-in In Oracle Financial Consolidation Hub, navigate to Consolidation > Reporting > Excel Setting Up Excel Add-in    20-1...

  • Page 180: Reports

    Only one report can be connected to the environment at a time. If you have a report connected to the environment, then open or create another report, the older report is disconnected and you cannot access the Analytical Reporting functionality. 20-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 181 Report Types You can perform two types of modifications to a report in the Excel Add-in: • Analytical Report modifications, for example which dimension show up in the columns and rows. These modifications are outlined in Modifying Reports, page 20- •...

  • Page 182: Creating Reports

    Note: You must save the report online before you can save it to your computer. Creating Reports To create a report in the Excel Add-in, perform the following steps: 20-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 183 Select the Report > Create function under the Consolidation menu. Select the views you want to use in the report. Click Next. For each reporting dimension, select a saved selection. Click Next. For information on creating saved selections in the Excel Add-in. See: Creating Saved Selections, page 20-8 Note: The Enterprise Planning and Budgeting user interface allows...
  • Page 184 Add titles and additional text to the report. You can create Excel formulas and charts based off of the report. If the balances in the report are changed due to analytical report modifications, for example selecting a 20-6    Oracle Financial Consolidation Hub User's Guide...
  • Page 185 different page level item value, the formulas and charts will automatically read the new balances and get updated. You can use Excel modifications in conjunction with analytical report modifications. However, if you perform any analytical report modifications other than expanding and collapsing hierarchies or changing page level item values, the existing Excel modifications are removed.

  • Page 186: Saved Selections

    Reorder values. To reorder a value in the saved selection, drag and drop it to the desired location in the dimension hierarchy. If the value is a parent value, its descendants will automatically be brought with it. 20-8    Oracle Financial Consolidation Hub User's Guide...

  • Page 187: Security

    Note: The Excel Add-in can only pull values from a selected dimension hierarchy. It can not pull values from existing saved selections. Select a name and online folder to save the saved selection into. Optionally enter a description for the saved selection. You may overwrite any saved selection for which you have write access.
  • Page 188 Add-in, while STATEMENT will record each individual statement executed. DEBUG will provide a level of detail between ERROR and STATEMENT. • Trace File - Select the location and name of the trace file. 20-10    Oracle Financial Consolidation Hub User's Guide...

  • Page 189: Security

    Security Overview Security is a feature that enables individuals to access, load, or consolidate data based on their responsibility within an organization. For example, consolidation managers at corporate headquarters may need access to the entire corporate hierarchy, whereas those at a subsidiary may only be allowed access to the data related to their region. Additionally, consolidation analysts at corporate headquarters may only be allowed to input consolidation adjustments, but not to launch the consolidation process.
  • Page 190 Smith has access to it based on role security. Assume role security has been enabled for each entity, and that Joe Smith has not been assigned access to an entity unless otherwise stated. 21-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 191 Scenario 1 If Joe Smith only has access to consolidation entity Corporate and Subsidiaries , then he has access to the consolidation results for the entire branch under Corporate and Subsidiaries, including Operations and Subsidiaries. Scenario 2 If Joe Smith only has access to operating entity Corporation, then he can load data and enter operating adjustments for Corporation only.

  • Page 192: Function-Based Security

    You can create user-defined responsibilities. For example, you can create a responsibility for setup that contains only the functionality under the Setup tab. For information on creating a responsibility, see Defining a Responsibility, Oracle Applications System Administrator's Guide. 21-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 193: Integrating With Oracle Internal Controls Manager

    Integrating with Oracle Internal Controls Manager Overview As much as Sarbanes-Oxley has helped to restore investor confidence, the law continues to weigh down public companies. The costs associated with compliance are significant, and the time and effort required are keeping some finance executives away from more strategic initiatives.

  • Page 194: Creating Auditable Units

    Each auditable unit can only be attached to one entity. You can also create auditable units in Oracle Human Resources. For more information on how to create auditable units in Oracle Human Resources, see 22-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 195: Enabling Certification For A Consolidation Hierarchy

    the Oracle Internal Controls Manager Implementation Guide. Using the Consolidation Manager responsibility, navigate to Setup>Auditable Unit. This page allowsyou to create, view, and modify auditable units. Enabling Certification for a Consolidation Hierarchy To enable a consolidation hierarchy for Internal Controls Manager certification, do the following: Set the Used for Certification hierarchy option to Yes.

  • Page 196: Monitoring Financial Statement Certification Status

    Internal Controls Manager where you can view the certification status for each auditable unit associated with the entity. This is the same page you would see when you view the My Organizations sub tab of the underlying business process certification 22-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 197 in Internal Controls Manager. From this page, you can perform updates while still being able to navigate back to Financial Consolidation Hub. For more information, see the Oracle Internal Controls Manager Implementation Guide. Note: Percentages shown in the pages are derived from the percentages of organization-process pairs that were certified with no issues.

  • Page 199: A Webadi Spreadsheets

    WebADI Spreadsheets WebADI Spreadsheets Financial Consolidation Hub utilizes WebADI spreadsheets to allow you to upload and manage moderate amounts data. WebADI spreadsheets give Excel a live connection to your instance, allowing you to both pull information from the environment and upload it within Excel.

  • Page 200: Downloading Webadi Spreadsheets

    Uploading WebADI Spreadsheets After you have entered all the data into a WebADI spreadsheet, upload it into the environment. In the Oracle menu, click Upload to upload the spreadsheet. WebADI will first validate the following: A-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 201: Webadi Selected User Interface Elements

    • Selected values are in the list of valid values pulled from the environment. • All required fields have been filled. • There are no duplicate rows. • Any other requirement based on the task being performed. If WebADI finds any errors in the spreadsheet, it stops the upload and mark the errors in the spreadsheet.
  • Page 202 Financial Consolidation Hub has the WebADI spreadsheet automatically connect to the environment once it is opened. About From the Oracle menu, select About to see the version information for your Oracle WebADI and the environment. A-4    Oracle Financial Consolidation Hub User's Guide...

  • Page 203: B Concurrent Programs

    Concurrent Programs Concurrent Programs Financial Consolidation Hub leverages the concurrent manager for high volume and background processes. The following details are on the concurrent programs used within Financial Consolidation Hub: Note: All Financial Consolidation Hub concurrent programs are prefixed with "Financial Consolidation Hub: ". Acquisition and Disposal Entry Import The A&D Entry Import program is called automatically when a manual adjustment is uploaded for an A&D transaction.
  • Page 204 The Enterprise Performance Foundation program to move the hierarchies from the interface tables to the core tables is then executed. You should not call this program manually using the Submit Request window. See: Task 7: Dimension Hierarchies, page 5-11 B-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 205 See: Task 8: Value Set Maps, page 5-12 Dimension Transfer The Analytical Reporting chapter mentions that if you need to report on the created by object dimension, it must mapped to a user dimension in the Analytical Reporting Task of Foundation. In this case, the Dimension Transfer program pushes the dimension members from the created by object dimension to the user dimension.
  • Page 206 XML Publisher Templates Task in Foundation, and will generate the requested report. You cannot call this program manually using the Submit Request window. See: Task 11: XML Publisher Templates, page 5-15 B-4    Oracle Financial Consolidation Hub User's Guide...
  • Page 207 Set Internal Controls Manager Profile Option Values The Set Internal Controls Manager Profile Option Values program is used to set key profiles in Internal Controls Manager to facilitate the integration between the structures in Financial Consolidation Hub and Internal Controls Manager. You must call this program manually using the Submit Request window.
  • Page 208 You should not call this program manually using the Submit Request window. For more information on data submission, see: Submitting Data, page 14-1. For more information on running consolidation, see: Running Consolidations, page 15-1 B-6    Oracle Financial Consolidation Hub User's Guide...

  • Page 209: C Business Events

    Business Events Business Events Financial Consolidation Hub leverages business events raised by General Ledger and Enterprise Performance Foundation for inter-product communication and internally to allow customers to subscribe to activities of interest during the consolidation close process. Financial Consolidation Hub Events Pristine Data Loaded or Altered oracle.apps.gcs.pristinedata.altered The Prinstine Data Loaded or Altered Event is raised whenever data submission occurs...
  • Page 210 Financial Consolidation Hub subscribes to this event to support checking if any translation entries are invalidated by the rate change. Thus business event must be enabled after installation as it is shipped disabled by default. C-2    Oracle Financial Consolidation Hub User's Guide...

  • Page 211: D Profile Options

    Profile Options Profile Options Financial Consolidation Hub leverages several profile options shipped by Enterprise Performance Foundation, Enterprise Planning and Budgeting, and Application Object Library. The profile options can be accessed using the System Administrator responsibility, Profile > System. Application Object Library Profile Options For more detailed information on Application Object Library profile options, please refer to the Oracle Applications System Administrator's Guide - Maintenance.
  • Page 212 For more detailed information on Web-ADI, please refer to the Oracle Web Applications Desktop Integrator User Guide. BNE Server Log Level If you are running into errors when attempting to upload the spreadsheet, this profile should be set to Trace. D-2    Oracle Financial Consolidation Hub User's Guide...
  • Page 213 BNE Server Log Filename This is a free-form text value to enter the file name that contains the logging information. BNE Server Log Path This must be a directory accessible from the Web Server tier. Ensure that the Apache and Jserv processes have write permissions to this directory. Profile Options   ...

  • Page 215: Index

      Index acquisition and disposal calendar map Calculation, 17-4 example, 11-1 Create Accounting for Consolidation overview, 11-1 Hierarchy Changes, 17-2 setting up, 11-1 Manual Entry, 17-4 categories overview, 17-1 acquisition and disposals, 7-3 seeded category, 7-3 aggregation, 7-4 adjustments data preparation, 7-2 definition, 16-1 definitions, 7-2 disabling, 16-5...
  • Page 216 setting up, 13-2 consolidation process, 15-1 specifying balancing options, 13-5 data submission specifying intercompany options, 13-4 for external entities, 14-11 specifying retained earnings, 13-5 for operating entities, 14-1 specifying security options, 13-4 for Oracle entities, 14-6 specifying suspense handling, 13-5 Monitoring, 14-2 updating, 13-7 undo after data submission errors, 14-7...
  • Page 217 Enterprise Performance Foundation formulas overview, 5-1 consolidation rule step, 9-2 setting up, 5-1 formula scope using with Oracle General Ledger, 5-17 consolidation rule step, 9-3 entities selected user interface elements, 6-4 setting up, 6-1 General Ledger entry Write back to GL, 16-6 intercompany elimination, 10-2 intracompany elimination, 10-2 equity mode...
  • Page 218 assignments, 5-18 Data Submission Trial Balance , 18-4 Line Item Intercompany Maps, 5-13 Hierarchy, 18-5 locking Intercompany Matching, 18-3 consolidation process, 15-4 set map validation, 18-6 look up table rule, 14-11 Responsibility Consolidation Manager, 4-1 Enterprise Performance Foundation Administrator, 4-1 matching Enterprise Planning and Budgeting Controller, intercompany balances, 10-1...
  • Page 219 setting up tasks analytical reporting, 19-1 setting up Enterprise Performance balances rules, 14-4 Foundation, 5-3 calendar maps, 11-1 transferring categories, 7-1 data from Oracle General Ledger to Enterprise consolidation entity, 6-1 Performance Foundation, 5-17 consolidation hierarchies, 13-2 transferring data from Oracle General Ledger to consolidation methods, 8-1 Enterprise Performance Foundation consolidation rules, 9-1...
  • Page 220 creating, 5-12 value sets creating, 5-8 viewing consolidation process, 15-4 WebADI Spreadsheets Downloading, A-2 Overview, A-1 Requirements, A-1 Uploading, A-2 what-if analysis and restatements duplicate hierarchies, 13-9 XML Publisher templates specifying, 5-15 year-to-date equity mode, 12-2 income statement mode, 12-3 Index-6...

Table of Contents