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Org by Period in FCCS

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edited May 22, 2018 4:15PM in Financial Consolidation and Close 7 comments

Summary

How can we accomplish this in FCCS

Content

Hi,

 

In HFM we have the functionality Org by Period. Organizational structures can change for many reasons, including acquisitions, disposals, mergers, and reorganizations. The Organization by Period functionality enables the most recent consolidation structure to coexist with past structures in the same application.  To support organizational changes, HFM uses the Active system account as a filter of the entity hierarchy. The Active account is an intercompany account that stores data at the parent level and uses the ICP dimension to store information about children. It specifies whether the consolidation status of a child entity into its parent is active or inactive.

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