What is flex field qualifier? Explain the types of flex field qualifiers

Oracle Applications require flexfield qualifiers for some of the key flex field structures.

There are total of four segment qualifiers
a) balancing segment
b) natural account segment
c) cost center segment
d) intercompany segment

Balancing segment - determines the segment level at which a balanced financial transaction occurs. Meaning total debits must equal to total credits. Typically COMPANY segment would be your balancing segment.

Natural segment - Natural segment is nothing but the account heads type. In other words natural segment determines the account type. There are five types of account types assets liabilities expenses revenue and owner's equity. Typically ACCOUNT segment would be your natural segment.

Also, Flexfield qualifiers are required for certain key flexfield segments.
For example each accounting flexfield structure requires two segments qualifiers which are balancing segment and natural account segment