Viewing Consolidation Status
Oracle Financial Consolidation Close Cloud maintains the calculation status for each
Scenario, Period, Entity and Parent entity combination. The calculation status
indicates whether data needs to be translated or consolidated.
Different Consolidation status are as below:
a) OK --> Data is OK - none of the data for the specified dimensions has changed. b) No Data --> No data exists for the specified dimensions. c) Impacted --> Data has changed since last generated, which requires reconsolidation to change its status to OK. This occurs when a change to a base entity data impacts a parent entity.d) Needs Translation --> The selected dimension member is not the entity’s default currency and its translated values may not be current. e) System Change --> A change has occurred that may affect the data for the specified dimensions.For example, a new rules file or metadata file has been loaded, or the currency rate has changed.
The Data Status grid contains all entities in the rows and periods in the columns. It displays Calculation status, Approval status, and Lock status in the column for each period. Consolidation is launched for the top parent or the intermediate parent from the grid.
Consolidation/translation can be launched from data status form. See below video for more details: