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Oracle Financials Cloud – General Ledger Hierarchies

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Oracle Financials Cloud – General Ledger Hierarchies   If your organization uses Hierarchy Structure (specially used by the banking firms) for chart of accounts mapping then most common issue often faced by the business/consultants that child values will start getting populated as parent ones in your OTBI/BIP reports which eventually creates chaos and improper analysis of data.   This issue occurs because hierarchies are defined after uploading the journals through FBDI or after entering the journals into your fusion application resulting in posted balances of child values will be considered as parent level journal balances and it causes reconciliation issues along with hierarchy data misinterpretation.   Below basic points must be taken care while working with Hierarches. 1)       You should create duplicate of hierarchies in order to reduce maintenance and while writing code for your report mention the condition to fetch only current hierarchies because it is always recom