Corporation Switch User Manual

10-4 Oracle Financial Consolidation Hub User's Guide
Sample Consolidation Hierarchy
Eliminate Receivables Against Payables
You want to eliminate intercompany transactions between accounts payable and
accounts receivable.
This example focuses on transactions between Services and UK. Assume the conversion
rate from GBP to USD is 2.
Note:
Intercompany eliminations always occur in the currency of the
common parent.
The following intercompany rule eliminates intercompany transactions between
Accounts Receivable and Accounts Payable. Assume the hierarchy option, Match
Intercompany by, is Company. Also assume the intracompany option, Identify Balances
When They Differ from a Specific Value, is set to Yes, 00.