Oracle Financial Consolidation Hub User Manual page 97

Defining Historical Rates
Before you run a consolidation process that uses historical rates, define historical rates
where applicable. You enter historical rates or amounts for specific combinations of
dimension values. The Historical Rates spreadsheet will show only the dimensions to be
used for Historical Rates. For example, you may have a line item called Land, which
you use to track the investment in land for each organization and/or entity. The
historical amount for land will likely vary from organization to organization based on
the value of the land, when it was acquired, and so on. You therefore enter a specific
historical rate for land for each relevant organization. During translation, Financial
Consolidation uses historical rates or amounts wherever they are defined. Thus,
historical rates or amounts override ending and average rates.
Selected User Interface Elements for Defining Historical Rates
Financial Consolidation Hub provides a WebADI spreadsheet loader for calculating
and entering historical rates. This interface is accessible from the Translation Rate Page.
See: Appendix B: WebADI Spreadsheets, page A-1
For each combination of dimension members, enter either a historical rate or amount.
Historical rates are multiplied by the base currency balances to calculate translated
balances. Historical amounts are not multiplied; they are used as is. Rate Type defaults
to Historical and you should not change this when you are entering historical rates.
If you enter a historical rate for an asset or liability account in one period, it is rolled
forward automatically to the next period with a rate type of Prior. Historical rates for
equity accounts are also rolled forward if the YTD specification is specified for the
Equity Mode. Thus, if you use the same historical rate throughout a year, you only need
to enter it once.
Financial Consolidation Hub automatically calculates a historical rate for retained
earnings accounts in the first period of each new year, based on the prior year's
profitability when you use the YTD specification for your equity accounts. These rates
are created with rate type Calculated.
You can update historical rates using the spreadsheet loader.
When you define a consolidation hierarchy, you define a specific dimension member
combination to use as the Retained Earnings account. Therefore, when you create
Historical Rates for the retained earnings of a consolidation hierarchy, the values you
can select for each dimension are limited by the Retained Earnings account you had
Note:
You can upload rates for multiple entities in a single workbook.
Note:
If you enter in a historical amount, the amount will be considered
a credit, not a debit.
Setting Up Translation 12-5