Concept: Ledger Accounts in AP&C

There are 4 main components to building ledger accounts in Adaptive Planning and Consolidation (AP&C): account types, account sets, accounts, and account summaries.

Account types

define the types of accounts that are available for financial statements. You can define unique types for balance sheets and for income statements. When you build account sets, you associate an account type with every account. You can also use account types to build financial statement conditional rules for use in financial statement definitions.

Account sets

define a group of

accounts

for a company. When you set up company accounting details, you associate the

chart of accounts

account set with a specific company. Within an account set, you can include accounts directly or link the account set to another set. You can also restrict the use of ledger accounts within the account set to specific companies or company hierarchies.

Example: You have a corporate account set that contains a standard set of accounts that all of your business entities use. Each of these business entities also has their own unique accounts. You can:

Share the corporate account set across companies, combining that set with the unique accounts to create the chart of accounts for each company.
Restrict ledger accounts to companies that are part of the consolidation so they can define their own chart of accounts.

Account summaries

roll up select accounts from a given account set into a group for financial statement reporting. You can also embed account summaries within other account summaries, creating more levels of hierarchy. Create any number of account summaries to aggregate accounts into a single line on a balance sheet or income statement when you define them. You can also use account summaries in allocations to group accounts when defining a source or basis.

You can assign ledger accounts, account ranges, and account summaries and hierarchies as of an effective date to create multiple snapshots of a ledger account summary and run restatements.

Use ledger account segment security to enable workers to access only those ledger accounts to which they have security permissions. For only the specified ledger accounts, workers can: