Posts

Posts

  • Stefanie Rosenberg
    Announcing Two New Tour Videos for Financial Consolidation...
    Topic posted June 17, 2019 by Stefanie RosenbergRed Ribbon: 250+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Dashboards, Income Statement, Intercompany, Supplemental Data, Task Manager, Translations in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Announcing Two New Tour Videos for Financial Consolidation and Close and EPM Cloud
    Summary:
    Announcing two videos. A Tour of Financial Consolidation and Close and a Tour of EPM Cloud.
    Content:

     

    Overview: Tour of Financial Consolidation and Close in EPM Cloud

    Need an agile EPM tool that provides a complete, streamlined end-to-end close solution? Need more visibility into your close, consolidation, data collection, and reporting activities? Oracle EPM Cloud delivers. The preconfigured close model makes it easy to meet global requirements such as GAAP and IFTS, prebuilt cash flow, balance sheet, and income statement let you report with confidence, and you can integrate with core source systems. #EPMCloud

    Available on the Help Center

    Overview: Tour of EPM Cloud

    Need a world-class EPM Cloud solution? Don’t settle for a partial, configuration-heavy solution that will clunk your business along, data silo by silo, process by disjointed process. Oracle EPM Cloud provides agile, connected, and purpose-built solutions to give you the insight you need to outpace change. #EPMCloud

    Available on the EPM Cloud Playlist

    All EPM Videos are on YouTube.

    Image:
  • Soumadeep Guha
    Data Export to File13.0
    Topic posted June 12, 2019 by Soumadeep GuhaGreen Ribbon: 100+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Data Integration, Dimensions, Eliminations, Income Statement, Intercompany, Supplemental Data, Translations in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Data Export to File
    Summary:
    Data Export to File option in Data Management for FCCS
    Content:

    Hi All,

    As per the June release there is an additional 'Data Export to File' option in Data Management for FCCS. Is anyone aware if this option allows to import data from a source file and export to a file or does it only allow to import data from an EPM application and export to file?

    Thanks and Regards, 

    Soumadeep Guha

     

  • Al Marciante
    Calling all EPM Cloud Financial Consolidation and Close...5.0
    Topic posted June 5, 2019 by Al MarcianteBronze Trophy: 5,000+ Points, tagged Consolidation, Income Statement, Task Manager in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Calling all EPM Cloud Financial Consolidation and Close customers
    Summary:
    Special Strategic Customer-ONLY Forum @ Kscope 2019 - Interested?
    Content:

    The Oracle Enterprise Performance Management development team values our relationship with our strategic customers, and we always look forward to opportunities to engage with a broader group on a periodic basis.  One of the best opportunities to do this is by hosting EPM strategic customer forums at an event that draws customers across all industries and geographies.  With this in mind, we would like to formally invite you to the EPM Cloud Financial Close Strategic Customer Forum on Tuesday, June 25th at this year’s Kscope user conference in Seattle, WA.  The meeting will start promptly at 9:00 AM and run for a couple of hours.    Breakfast will be provided.

    Some of the key EPM cloud business processes for which we will look for your guidance and feedback during the meeting include:

    1. Financial Consolidation and Close
    2. Account Reconciliation
    3. Narratives, Reporting, Analytics , data management and other topics

    While you don’t need to be a registered conference attendee to participate in the advisory forum, we do encourage you to consider registering to take advantage of the tremendous content being offered, including the EPM Sunday Symposium.  More information can be found here: KScope19.  As a third-party conference, we do not have the ability to waive conference fees if you wish to attend the full conference.  However, there are many discount codes available through our partners, and/or check here if this applies to you.

    And now, the fine print….Please note that we have limited space available for the advisory forums and we are nearly full. So if you are interested, please do not delay in contacting  annette.barbieri@oracle.com directly. 

     As always, thank you for your continued support of Oracle Enterprise Performance Management, and we hope to see you in Seattle.

    Al Marciante

  • Lisa Poore
    Financial Statements for Legal Entities at the Child level...2
    Topic posted June 3, 2019 by Lisa PooreBronze Medal: 1,250+ Points, tagged Balance Sheet, Consolidation, Income Statement, Intercompany in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Financial Statements for Legal Entities at the Child level that include intercompany eliminations
    Summary:
    Is there a way to provide true Financial Statements for Legal Entities at the Child level that include intercompany eliminations
    Content:

    Our tax department is looking to get true legal entity financial statements for each of the corporation's legal entities,  that take into account inter-company eliminations.  They are hoping to use FCCS to get this information but we are unsure how this can be accomplished because the inter-company eliminations take place at a higher level, not at the child LE as they would need.  Does anyone have a similar situation that they have been able to solve for?  Or any suggestions?

    Version:
    19.05.57
  • Soumadeep Guha
    Size of supporting attachments for Journals
    Topic posted May 23, 2019 by Soumadeep GuhaGreen Ribbon: 100+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Dashboards, Data Integration, Dimensions, Eliminations, Income Statement, Intercompany, Task Manager, Tip, Translations in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Size of supporting attachments for Journals
    Summary:
    Size of supporting attachments for Journals
    Content:

    Hi All,

    Is there any actual or recommended limit with respect to size of supporting attachments for journals in FCCS?

    We want to attach supporting documents to journals but at the same time want to make sure that they we do not attach too much that might cause storage/performance or any other related issue . So, any thoughts on this would be greatly appreciated.

    Thanks and Regards, 

    Soumadeep Guha

  • Diego Martino Guzmán
    Auto-reversal Journals loaded in Dec6
    Topic posted May 3, 2019 by Diego Martino GuzmánGreen Ribbon: 100+ Points, tagged Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Auto-reversal Journals loaded in Dec
    Summary:
    How to fix IS accounts data when an auto-reversal journal is ported in Dec and reversed in Jan (next year)
    Content:

    Dear all,

    I have a problem with auto-reversal journals that the client has posted in Dec and reversed in Jan.

    What happens: the balance sheet accounts are ok, as the balance of the journal_input accounts remains at 0.

    The problems comes with the IS accounts as the journal effect splits into two periods and I dont know how to solve it.

    Has anyone had this problem?

    Thanks in advance for your cooperation.

    Best regards

  • Soumadeep Guha
    FCCS Smart Consolidation2
    Topic posted April 24, 2019 by Soumadeep GuhaGreen Ribbon: 100+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Dimensions, Income Statement, Intercompany in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    FCCS Smart Consolidation
    Summary:
    FCCS Smart Consolidation
    Content:

    We have been hearing about an enhanced consolidation functionality called Smart consolidation in FCCS. Does anyone have the below details on the same?

    • Is the feature currently available or will be available in near future for FCCS (standard as well as extended dimensionality applications)?
    • Is there any documentation available on smart consolidation from Oracle?
    • Has anyone enabled or used this feature?
  • Ligia Olguin
    Balance Sheet and Income Statement reports: Periodic viewAnswered1
    Topic posted January 31, 2019 by Ligia OlguinGreen Ribbon: 100+ Points, tagged Balance Sheet, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Balance Sheet and Income Statement reports: Periodic view
    Content:

    Hi guys,

    Probably a basic question, but it would be useful to get a confirmation. We loaded YTD data in December 2016 and both Periodic and YTD have been populated in that month. In Jan 2017, we have loaded Periodic data. We also mapped all accounts to the movements dimension for Cash Flow purposes.

    While creating the reports, we noticed that the only way to show the client Periodic and YTD data is working with two different Movements: (FCCS_Mvmts_Total and FCCS_ClosingBalance, respectively). So, we're building two BG and IS. 

    Is this the way you usually do your reports in FCCS?

    Thanks!

  • Stephen Coleman
    Auto Reversal JEs - loading YTD
    Topic posted November 19, 2018 by Stephen ColemanBronze Medal: 1,250+ Points, tagged Balance Sheet, Consolidation, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Auto Reversal JEs - loading YTD
    Summary:
    FCCS_Total Balance Sheet-Traditional Approach is out of balance due to a reversing entry
    Content:

    Hello,

     

    Has anyone used the reversing JEs in FCCS?  I see something strange for the this.

     

    I have a reversing entry in Jan of xxxx.  After I post the reversing entry in Feb, the periodic value is still out of balance.  I looks as if the JE was never posted.

    It is showing on the FCCS_Total Balance Sheet-Traditional Approach.  On the YTD, it is zero, but the period is view has the same number as my reversal.  You might think with the YTD at zero, we are good. However, the periodic is not correct.  To me we need both to be zero.

     

    Notes

    • I unposted the entry
    • Consolidated
    • Reposted the entry
    • Consolidated
    • It is at a parent level.  However, I do not think this the issue
    • The entry is in USD (as the parent)
    • Seems to only affect the P&L accounts
    • The JEs are loaded YTD

     

     

     

     

  • Steven Getze, CMA
    Cash Flow in FCCS2
    Topic posted November 6, 2018 by Steven Getze, CMARed Ribbon: 250+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Dimensions, Income Statement, Intercompany in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Cash Flow in FCCS
    Content:

    I am working to build out our Cash Flow Statement within FCCS, using the existing Cash Flow hierarchy within the Movement dimension.  Today we produce this statement in Excel, but to satisfy future reporting initiatives we need to get this done within FCCS.

    I have successfully completed this, but only in local FX.   In USD_Reporting, the statement does not tie out and I am seeing differences on many lines  It seems that FCCS is converting certain lines at different rates vs. what we are doing today (which is compliant with US GAAP).   I don't see any way to manipulate the FX rate that FCCS uses, movement by movement.   I also need to understand the components of the "Total Effect from FX on Non-Cash Accounts" line as calculated by FCCS - when I drill down in Smart View the data doesn't add as I expect it to.

    Can anyone provide guidance?