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User-Defined Categories
You can define categories as needed. The following situations illustrate scenarios where
you may choose to define categories:
•
You need to adjust your investment in subsidiary accounts through the equity
method of accounting. In this case, for example, you can create a category called
Equity Pickup after the Translation category. If you need to reverse those
adjustments, you can create an additional category called Equity Pickup
Elimination and insert it after Minority Interest.
•
You want to keep your adjustments separate from the operating balances imported
into Financial Consolidation Hub. In this case, for example, you might create a
category called Operating Adjustments after the Data Preparation category.
Category Definitions
This section describes the seeded categories.
Data Preparation
Data Preparation is the first category executed in the consolidation process. It prepares
operating data for consolidation by transforming the data to a standard consolidation
chart of accounts and calendar. Additionally, it aggregates data to the consolidation
processing dimensions in cases where consolidation processing does not use all the
dimensions of the submitted data.
During Data Preparation, if Financial Consolidation Hub determines that an operating
entity is using a global value set combination that is different from the consolidation
value set combination, it converts the entity's dimension values into its counterparts in
the consolidation value set combination. This conversion or mapping occurs
automatically.
See: Task 8: Value Set Maps, page 5-12
Intracompany
The Intracompany category eliminates balances from transactions that occur between
different organizations within an entity. The Intracompany category is always
sequenced before Translation.
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
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