Setting Up Entities; Overview - Oracle Financial Consolidation Hub User Manual

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:
• Operating entity
• Consolidation entity
• Elimination entity
Operating Entity
This entity contains operating balances that are loaded from General Ledger or other
financial systems using a data submission.
See: Submitting Data for Oracle Entities, page 14-6
Controlling Entity
This entity is an operating entity associated with a consolidation entity. The
consolidation entity-controlling entity relationship is not one of ownership; instead it
separates the consolidated data of a company from the operational data.
Consolidation Entity
This entity contains consolidated balances. A consolidation entity can own other
consolidation or operating entities, and aggregates its immediate children. Each

Setting Up Entities

Setting Up Entities 6-1
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