Overview

You can set up many types of hierarchies, but at the very least you will need to set up your Finance hierarchy and a Budget Entity hierarchy (for the Planning application). Budget Entity hierarchies allow budget users to work with their parts of the overall budget plan or forecast. Budget hierarchy data is derived from the mapped segments set up using the Define Financial Budget Entity configuration task page.

Budget entities are made up of the combined segment members based on the segments selected during the Define Financial Budget Entity configuration task.

Hierarchies are created for reporting and provide you with a way to summarize members. Generally, each hierarchy has a name, parents, and children. Hierarchies are created for segments you have defined.