PeopleSoft Global Consolidations Overview

PeopleSoft Global Consolidations enables you to consolidate data from multiple sources, including PeopleSoft General Ledger, other general ledger products, and external flat files. Because PeopleSoft Performance Warehouse serves as the repository for all of the data that the system consolidates, you can load data from multiple sources that have different structures. Global Consolidations provides the tools with which you define the data and its structure, ultimately merging it into a consolidation ledger that shares a common accounting structure, common accounting calendar, and common currency. You can base your consolidations on business units or any other dimension. How you consolidate depends on your specific reporting needs.

During consolidation processing, Global Consolidation eliminates the effect of intercompany transactions among consolidated entities, and equitizes current period earnings of subsidiaries. The system generates eliminating journal entries to an elimination entity that is designed specifically to support consolidated reporting. The types of transactions that the system eliminates are:

• Intercompany transactions.

• Non-controlling interest obligations.

• Investments in subsidiaries.

You can also use Global Consolidations to track and report flow information for cash flow reporting and financial statement disclosures, both from the source ledgers and consolidation journal entries. Global Consolidations also enables you to harmonize your consolidated data so that it can be stated using multiple generally accepted accounting principles (GAAP).