Corporation Switch User Manual

Setting Up Consolidation Hierarchies 13-3
• Consolidation hierarchy attributes, which apply to the entire hierarchy.
• Consolidation hierarchy structure, which defines the entities and parent-child
relationships between them.
Note: When you create a consolidation hierarchy, Financial
Consolidation Hub launches the FCH: Hierarchy Initialization
concurrent program. Monitor the request and verify that it completes
successfully.
Consolidation Hierarchy Attributes
The first step in setting up a consolidation hierarchy is to define the consolidation
hierarchy attributes that apply to the entire hierarchy. Defining consolidation hierarchy
attributes includes specifying the following:
• General attributes
• Security options
• Intercompany options
• Balancing options
• Retained earnings
• Suspense handling
Note: To view the retained earnings and suspense handling options for
an existing hierarchy, view the hierarchy and click Details for the
topmost entity.
General Attributes
In the top region of the attributes page, define the general attributes of the consolidation
hierarchy.
• Name - The name of the consolidation hierarchy you are creating.
• Description - An optional description for the hierarchy you are creating.
• Start Date - This is the earliest date for which you can run consolidation for the
hierarchy.
• Top Level Entity - The topmost consolidation entity that is not owned by any other