Journals

Journals are a collection of adjustments to data that are tracked with an audit trail and are a feature of financial consolidation. You must have the Financial Consolidation application installed to define and use journals in your application.

This section describes how to set up journals. In addition, this section provides an overview of the intercompany eliminations process; a process that involves administrators, controllers, and accountants and spans several financial functions.

Journal page

These are the sections in the Journal page:

  • Journal Type
  • Journals
  • Properties
  • Definition
In the Journal Type and Journals panes, you can select the type and its available journals. These are the Journal types:
  • Intercompany Eliminations
  • Ownership
  • Reclassification
  • Reference