User's Manual

Setting Up Consolidation Hierarchies 13-1

Setting Up Consolidation Hierarchies

Overview

A consolidation hierarchy is a user-defined, date-effective structure that represents the

parent/child relationships of entities that are processed during consolidation. When

submitting a consolidation hierarchy for processing, the hierarchy relationship structure

used is that effective on the last day of the period being processed.

You can define multiple consolidation hierarchies to meet a variety of consolidation

needs, including hierarchies for statutory, U.S. GAAP, local GAAP, taxation, what-if,

and other reporting purposes. You can use the same entity in multiple consolidation

hierarchies. Data submitted for an entity is available across all hierarchies in which the

entity is used.

Consolidation Hierarchy Structure

A consolidation hierarchy structure comprises consolidation entities, elimination

entities, and operating entities. Each entity, other than the top entity, has relationship

attributes that define the nature of its association with its parent or parents.

Consolidation Hierarchy in Enterprise Performance Foundation

When you create a consolidation hierarchy in Financial Consolidation Hub,

corresponding Enterprise Performance Foundation structures are automatically created.

A consolidation hierarchy in Financial Consolidation Hub corresponds to a dimension

hierarchy in the default value set for the Entity dimension. The hierarchy is named

<consolidation hierarchy> effective since <start date of hierarchy>.

Note:

A consolidation hierarchy created in Financial Consolidation Hub

has specific parameters attached to it. Thus, you can view a

consolidation hierarchy created in Financial Consolidation Hub in