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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. You discover that slight changes need to be made to a subsidiary trial
balance, yet the subsidiary controller is unavailable. You use an adjustment to
temporarily make the change so it can be reflected in the consolidated results.
Example 2
You need to eliminate intercompany profit or loss in inventories between two
subsidiaries. The elimination needs to reflect inventory not yet sold to third parties. The
subsidiary's general ledger systems do not capture this information. Therefore, an
intercompany rule cannot be executed during consolidation processing to produce the
required eliminations. Consequently, you enter an adjustment to eliminate an estimate
of these intercompany balances from the parent's results.
Uploading Adjustments
Adjustments are uploaded into Financial Consolidation Hub using either XML files or
the WebADI spreadsheet loader for a consolidation hierarchy, period, entity, and
balance type.
Uploading Adjustments using WebADI Spreadsheet Loader
You can also upload adjustments using the WebADI spreadsheet loader. Before the
16
Adjustments
Adjustments 16-1
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