Duplicate Hierarchies For Restatements And What-If Analysis; Multiple Parents - Oracle Financial Consolidation Hub User Manual

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. Duplicating a hierarchy creates a snapshot of the hierarchy as of the
date specified in the Copy Hierarchy as of field of the Duplicate Consolidation
Hierarchy page. The change history of the source hierarchy is not copied into the
duplicate.
The Duplicate Consolidation Hierarchy - Define Attributes page enables hierarchy
attributes to be modified before the duplicate is created. As part of this process, you can
move the hierarchy snapshot forward or backwards in time by changing the Start Date
field. Duplicated hierarchies share no linkage to the source hierarchies from which they
are created. A change to one does not impact the other. Therefore, you can create as
many duplicate hierarchies as you need and modify them in different ways to reflect
various what-if scenarios.
Restatements are an example of when duplicate hierarchies may be useful. For example,
you may need to restate financials after a significant year-end merger to provide a view
of consolidated results, as if the two companies operated as a single enterprise for the
entire year. Therefore, you can create a duplicate as of the end of the year and move the
structure back in time to the beginning of the year. Processing consolidation for this
hierarchy over the entire 12 months provides consolidated results for all periods in the
year using the hierarchy structure as of the end of the year.

Multiple Parents

Consolidation hierarchies support entities owned by multiple parents.
To add additional parents to an entity, update the relationship for the entity. In the
Multiple Parent region, you will see the existing parents and ownership percentages for
the entity. You can add additional parents here.
For multiple parent scenarios, these are the following constraints:
• The total ownership percentage of the entity cannot exceed 100%.
Note:
Financial Consolidation Hub does not support the case of
reciprocal parents. For example, USA owning Canada and Canada
owning USA.
Setting Up Consolidation Hierarchies 13-9