Managing Partnerships

Oracle Hyperion Tax Provision is designed to capture and reflect 100% of partnership trial balances, activity and related tax attributes, which are ultimately allocated to the partners/owners in accordance with their partnership interests. The allocation is accomplished through the Oracle Hyperion Financial Management Manage Ownership module.

Calculating Ownership

The Manage Ownership feature in Financial Management is used to specify ownership percentages. After percentages are specified, all data is rolled up to parent entities based on the ownership percentages. Consolidation percentages are calculated using the Percent Consolidation [PCon] system account, or by entering Shares information. The system calculates the consolidation percentage using the share information.

For details on managing ownership, see the Oracle Hyperion Financial Management Administrator's Guide.

The following example shows how to set ownership percentages for a partnership that is a base entity.

Example: To set up 50% ownership percentage for the base entity FLE204_LP, you would use these settings:

Base Entity: FLE204_LP

Point of View Year: 2015

Period: P12/P13

Percent Consolidation [PCon]: 50

Consolidation

To consolidate data at the parent level, specify the Consolidate All with Data consolidation method.

Make sure to use the Consolidate All with Data option to consolidate data at the parent level. In Financial Management, prior to calculation, the system clears all calculated values for base entities and runs the calculations. For parent entities, it clears the calculated cells prior to consolidation. If you only calculate data at the base entity level, the data may not be accurately rolled up from the children and descendant entities.

The system only calculates tax on cells that contain data. For NoData cells, tax calculation is skipped for that account and the original calculated tax remains. You must consolidate the parent entity up to the root to make sure all data is calculated correctly.