Oracle Financial Consolidation and Close Service – FCCS

Oracle Financial Consolidation and Close Service – FCCS

Oracle’s new product FCCS (Financial Consolidation and Close Cloud) was designed to replace HFM (Hyperion Financial Management). Since it is cloud-based, subscribers eliminate the need for server maintenance and software upgrades and patches.

FCCS incorporates pre-built out-of-the-box features for customized HFM functionalities, such as Cash Flow, Multi-GAAP, Multi-Currency consolidations, and standard calculations.

Benefits:

Best practices out-of-the-box to get up and running
quickly
A configurable and upgradable consolidation and close framework to tailor the solution to specific requirements
Easy to use
Easy to maintain
An end-to-end consolidation and close solution
Powerful analytics, dashboards, reports, and analysis for unparalleled insight
No infrastructure investments required

Course Outline:

Module1:Managing Dimensions

Creating Dimension Members
Creating Alternate Hierarchies
Managing Members

Module2:Loading Metadata from a File

About Metadata Load Files
Formatting Metadata Load Files
Setting Up Dimensions
Loading Metadata
Viewing Job Status

Module3:Configuring Accounts and Custom Dimensions

About Accounts and Custom Dimensions
Setting Up Account Types and Hierarchies
Setting up Accounts and Custom Dimensions
Auditing Account Data
Intercompany Account and Other Account Properties

Module4:Setting Up Entities, Calendars, and Scenarios

Setting up Entities
Setting up Calendars
Setting up Scenarios

Module5:Loading Data

Data Load Files
Line-Item Detail Section
Changing Column Order
Loading Data Files
Extracting Data
Exporting Data with Extended Analytics
Copying and Removing Data

Module6: Provisioning Users, Groups, and Assigning Access to Data and Documents

About Levels of Security
Provisioning User and Group Security
Assigning Access to Security Classes
Running Security Reports

Module7: Creating Data Forms

About Data Forms
Accessing the Form Builder
Defining the Point of View
Defining Columns and Rows
Setting Row and Column Options
Exporting Data to Spreadsheets

Module8:Creating Task Lists in Financial Management

About Task Lists
Creating Task Lists
Adding Items to Task Lists
Organizing Task List Items
Managing Task Lists

Module9:Entering Intercompany Data

About Intercompany Transactions
Intercompany Account Balances
Elimination Process
Plug Accounts
Intercompany Eliminations and the Value Dimension
Setting up Entities and Accounts for Intercompany Data
Creating and Running Intercompany Matching Reports

Module10:Adjusting Data with Journals

About Journals and Journal Benefits and Adjusting Data
Journals Review Process and the Value Dimension
Multiple Journal Postings, Accessing Journals and Opening Periods for Journal Entry
Creating Journal Templates and Journal Balance Types
Creating Journals and Entering Journal Data
Creating, Previewing, Running and Viewing Adjustments with the Entity Details Report
Setting Journal Report Properties and Selecting Columns and Filters
Saving Journal Reports Locally and Remotely

Module11:Running Consolidations