How to Define Financial Segments?

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Article Summary

This article provides a complete, step-by-step guide to defining Financial Segments. It explains how to add, configure, edit, and finalize segment definitions, covers key settings like Segment Type, Dated Hierarchy, and display order, and helps administrators efficiently structure financial segment hierarchies, ensuring proper classification and reporting alignment.

eddy_summary: Learn how to define Financial Segments in the Platform module.
eddy_keywords: Financial Segments, IC Segment, Additional Segment, Dated Hierarchy, Configure Segments, Segment Type, Display Order, Segment Setup, Platform Module
eddy_intent: Informational
eddy_module: Platform
eddy_synonyms:
Financial Segments = Segment Configuration, Segment Setup
IC Segment = Intercompany Segment
Additional Segment = Custom Segment, Optional Segment
Dated Hierarchy = Time-based Hierarchy, Date-Driven Structure
eddy_questions:
- How do I define Financial Segments?
- What is the difference between IC Segment and Additional Segment?
- How can I configure the segment display order?
- What does Dated Hierarchy mean in segment setup?
-Can a new dimensions be added in structured planning?

Perform the below steps to define financial segments:

  1. Navigate to Maintenance > Administration > Configuration Tasks.
  2. Select Define Financial Segments under General Financial Configuration.

    There are two existing system-defined segments in the Define Financial Segments page. The user will not be able to delete these two segments. However, they can edit the segment name.
    Note:
    Perform the below steps to edit a segment:
    • Select a segment and click Edit.
    • The user can edit the Segment Name and modify Enable Dated Hierarchy (Yes/No) from the dropdown.
      To learn more about Dated Hierarchy, click here. 
    • Click Save.

  3. Click Add to add a segment.
  4. Enter the Segment Name, and select Segment Type (IC Segment or Additional Segment) from the dropdown.
    • Select Segment Type as IC Segment if you want to perform eliminations in consolidations.

    • Check the Reuse IC Segment as Additional Segment option to utilize the IC segment as an additional segment after configuring the maximum of 7 additional segments.

      After selecting the checkbox, users cannot use the International Financial Reporting Standards (IFRS) hierarchy.
      Note:
      Only one IC Segment can be created. If there is an IC Segment already created, then all new segment’s Segment Type will be set to Additional Segment.
    • Optionally, select a value for Enable Dated Hierarchy from the dropdown.
  5. Click Save.
  6. Use the arrows on the right side to change the display order and click Save Display Order to save the display settings on the Define Financial Segments page.
  7. Before you click complete, check the order and segments added. Once configuration is complete you can not add, edit, or delete a segment.
    Click Complete to complete the configuration setup.