Oracle Financial Consolidation and Close Cloud Service (FCCS) is a cloud based configurable solution to ensure that financial consolidation processes are compliant, auditable, timely and transparent. It's a subscription-based service built for, and deployed on, Oracle Cloud. That means no hardware setup, and minimal IT support, which makes it simple and quick to deploy.
Course Contents
Day 1
FINANCIAL CONSOLIDATION AND CLOSE CLOUD OVERVIEW
Describe the financial consolidation and close processes
Identify deployment use cases
Describe Financial Consolidation and Close related components
DATA MANAGEMENT
Describe use cases for Data Management
Perform administration tasks: predefined system setting profiles, set up source systems, register target applications, set up drill through
Set up definitions for import format, locations, period mappings, category mappings
Perform loading data tasks: create member mappings, define data load rules, run or schedule data load rules
Perform batch processing - define batch, execute batch, schedule job
CONSOLIDATION MODULE - DIMENSIONS
Explain system dimensions and pre-seeded members including requirements and restrictions - upgrade and net new for extra customs
Design and set up Account dimension
Explain Data Source dimension and guidelines for adding member hierarchies
Explain Consolidation dimension
Explian Currency dimension
Design and set up Entity dimension
Design and set up Intercompany dimension
Design Cash Flow reporting, FX calculations, and Currency Translation Adjustments using Movement dimension
Design GAAP and IFRS financial reporting using Multi-GAAP dimension
Day 2
CONSOLIDATION MODULE - BUILDING OUT A FINANCIAL CONSOLIDATION APPLICATION
Set up Financial Consolidation and Close security
Set up valid intersections for data entry and business rules
Create data forms
Execute intercompany matching reports with options
Manage approval process
FINANCIAL CLOSE MANAGER MODULE
Set up close process
Manage task types and templates
Manage close schedules
DESIGNING REPORTS AND DOCUMENTS
Design reports using Financial Reporting Studio
Day 3
ORALCE EPM CLOUD FOUNDATION
Set up and configure Cloud security
Perform system maintenance
Build EPM Cloud automation routines - Job Scheduler, EPMAutomate
Build integrations across systems and services - Integrated EPM Business Processes, REST APIs
Perform lifecycle management for different scenarios
CREATING A FCCS APPLICATION
Describe the workflow for creating a Financial Consolidation and Close application
Create a Financial Consolidation and Close application
Explain application features available to be enabled
Design application framework (metadata and user-defined elements)
Design and implement importing and exporting metadata
Design and implement importing and exporting data
Day 4
CONSOLIDATION MODULE - CONSOLIDATIONS, ELIMINATIONS AND TRANSLATIONS
Describe sequence of events in consolidation process
Diagnose data flow of consolidation process and the role of Consolidation dimension
Diagnose anatomy of elimination process and the role of Intercompany dimension
Explain default currency translations for a multi-currency application and methods applied
Create translation rules to override the default translations - amounts/rates, defaults, logic
Diagnose anatomy of converting reporting currencies as it relates to Entity Currency and Parent Currency
Describe calculation status and what actions can change them
SUPPLEMENTAL DATA MODULE
Create data sets and dimension attributes
USING SMART VIEW
Explain user taks in SmartView
Analyze data using ad hoc and Smart Forms
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