Journals

Financial Consolidation Only

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

This chapter describes how to set up these journals.

• Acquisition journals are used to specify historical costs (local or translated) that should not be re-translated during a consolidation.
• Standard journals are used to adjust profit and loss (PL) data or balance sheet (BS) data. They provide an audit trail for each revision.
• Standard PL-BS journals are used for adjustments that post between profit and loss (PL) lines and balance sheet (BS) lines for items that are not included in general ledger downloads. This journal type keeps periodic and year-to-date data in balance throughout subsequent periods.
• Standard Reversal journals reverse the effects of posted Standard journals.
• Standard PL-BS Reversal journals reverse the effects of posted Standard PL-BS journals.

Reference, Reclassification, Intercompany Eliminations, and Ownership journals can only be created and modified by administrators using Architect.

This chapter applies only to users with read-write access to the selected units, version, and custom dimensions. If you have read-only access to one or more adjustments in a journal, the journal is displayed for review but writeback is not allowed. If you have no access to one or more adjustments in a journal, the journal is not displayed for review.