Oracle Financial Consolidation Hub User Manual 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. This balance is added to the retained earnings balance for
all future periods. This balance is in addition to the balance determined by operating
balances and calculations.
Reprocess for Multiple Parents
Certain formulas need to be recalculated each time the overall effective ownership of a
child changes. This occurs when a child is partially owned by multiple parents within a
consolidation hierarchy. Minority interest is a common example. A consolidation entity
may own 70% of a subsidiary, but the remaining 30% is owned by another entity within
the same hierarchy. While it is customary to recognize minority interest for the
consolidation entity which owns 70%, this minority interest needs to be backed out at
higher levels of the hierarchy in which the effective ownership of the subsidiary is
100%. For information on using this attribute for the multiple-parent scenario, see
Setting Up Consolidation Hierarchies, page 13-2.
Oracle General Ledger Category
Specify a category in Oracle General Ledger. If you perform write back to Oracle
General Ledger during an adjustment, it will write to the Oracle General Ledger
category specified in the Financial Consolidation Hub category of the adjustment.
See: Write back to General Ledger, page 16-6
Note:
When the translation category nets to retained earnings at
year-end, it adds the balance to the retained earnings balance of the first
period of the next year, but not subsequent periods. Too propagate the
balance to future periods, you must include the balance in the
operating balances or calculations.
Note:
You only need to specify an Oracle General Ledger category if
you plan to use the category for write back purposes. If you attempt to
write back and there is no Oracle General Ledger category specified,
write back will fail.
Setting Up Categories 7-5