Oracle Financial Consolidation Hub User Manual page 84

Balance Organization
S5 4.100
UK has the following balances in GBP.
Balance Organization
U1 9.100
U2 9.100
U3 9.100
Services and UK have the intercompany eliminations performed at the level of the
common parent, Global and Subsidiaries. The entities' balances are converted to the
common parent currency, USD.
Services' balances are already in USD. UK's balances are converted to USD. As specified
before, the conversion rate is 2.
Balance Organization
U1 9.100
U2 9.100
U3 9.100
Intercompany eliminations will only be performed for balances whose line items are
1200 – Accounts Receivable, 2200 – Accounts Payable or 2210 – Accounts Payable
Discounts, and whose intercompany value differs from 00. Balances S3, S4, S5, U2, and
U3 meet this criteria.
The eliminations will be written to the elimination entity of the common parent. The
eliminations will write to the same account, except reverse the debits and credits. The
eliminations will also be grouped according to company pairs. In this example, the pairs
10-6 Oracle Financial Consolidation Hub User's Guide
Line Item
2200 – Accounts Payable
Line Item
2200 – Accounts Payable
1200 – Accounts
Receivable
1200 – Accounts
Receivable
Line Item Intercompan
y
2200 – Accounts 00
Payable
1200 – Accounts 3.100
Receivable
1200 – Accounts 4.100
Receivable
Intercompany Debits
9.100
Intercompany Debits
00
3.100 900
4.100 200
Debits Credits
2200
1800
400
Credits
450
Credits
1100