Posts

Posts

  • Ron Reiley
    4 New FCCS Video Tutorials now available3
    Topic posted January 23, 2018 by Ron ReileySilver Medal: 2,000+ Points, tagged Consolidation, Eliminations, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    4 New FCCS Video Tutorials now available
    Summary:
    New videos are now live on the Oracle Help Center and YouTube.
    Content:

    Hello. The following new videos are now live on the Help Center and YouTube.

    Designing Navigation Flows in Financial Consolidation and Close Cloud

    https://apexapps.oracle.com/pls/apex/f?p=44785:265:0:::265:P265_CONTENT_ID:22749

    Setting Up Intelligent Process Automation in Financial Consolidation and Close Cloud

    https://apexapps.oracle.com/pls/apex/f?p=44785:265:0:::265:P265_CONTENT_ID:22748

    Configuring Calculations in Financial Consolidation and Close Cloud

    https://apexapps.oracle.com/pls/apex/f?p=44785:265:0:::265:P265_CONTENT_ID:22744

    Configuring Translation Settings and Creating Translation Rules in Financial Consolidation and Close Cloud

    https://apexapps.oracle.com/pls/apex/f?p=44785:265:0:::265:P265_CONTENT_ID:22745

  • David Samaniego Moraleda
    Actual GAP between FCCS and HFM2
    Topic posted April 3, 2017 by David Samaniego Moraleda, tagged Balance Sheet, Cash Flow, Consolidation, Income Statement, Intercompany in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Actual GAP between FCCS and HFM
    Summary:
    Hi, we have an opportunity in one customer and we must be sure that in this June 2017 there´s no Functional GAP between HFM (on premise) and FCCS (cloud) for proposing the right one
    Content:

    We have to choose between FCCS and HFM for offering our customer, ideally we want to offer cloud, but the consolidation process it´s really complicated so we have to choose the right one, I heard that advance consolidation it´s not yet in the cloud solution, anyone knows when HFM and FCCS will have the same features? ..

     

    Regards

    David.

  • 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:
  • Wayne F
    Auditability of Yearend values2
    Topic posted April 11, 2018 by Wayne FSilver Trophy: 7,500+ Points, tagged Balance Sheet, Data Integration, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Auditability of Yearend values
    Content:

    it has taken a long time and a great deal of education with the external auditors to make them convertible and reduce the level of testing the complete on the base data loaded in HFM from the various ledgers.

     

    The HFM application is a YTD application and we are loading closing balance from the various ledgers the auditors do various tests between the ledger and HFM using FDMEE generated spreadsheets.

     

    What is the recommended process, with the changes in the data view in FCCS?

    How are we going to be confident that the closing balances in the source ledger equal the closing balances in the source data for FCCS, we have converted the load to be periodic?

    The biggest risk is users opening previous periods and posting additional journals which will be missed until we reach year end

  • 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

     

     

     

     

  • 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

  • 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!

  • Pamela Stone
    Basic Balance Sheet hierarchy and alternate1
    Topic posted October 16, 2019 by Pamela Stone, tagged Balance Sheet, Dimensions, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Basic Balance Sheet hierarchy and alternate
    Summary:
    Placement of alternate income statement accounts using Basic Balance Sheet hierarchy
    Content:

    Hello,

    Using the new Basic Balance sheet hierarchy, works for client because they have more flexible on how to build out their hierarchy.  No issues with ownership management, overrides or data movement within the movement dimension.  Only unknown with the basic balance sheet hierarchy is where to place the alternate income statement hierarchy.  Unlike the traditional balance sheet approach,  FCCS_Income Statement is not present when the Basic Balance sheet hierarchy is selected so unsure of where the alternate income statement accounts should be placed.    I am leaning towards placing the alternate income statement hierarchy directly under the top parent of the account dimension,  Account.    Has anyone else had a similar situation at their client?  If yes,  where did you place the alternate income statement accounts.

    Thanks

    Pamela

    Version:
    19.09.72
    Image:
  • Mauricio Acatto
    Calculate Subsidiary/Equity retained earnings on Holding...Answered1
    Topic posted April 26, 2018 by Mauricio AcattoGreen Ribbon: 100+ Points, tagged Balance Sheet, Consolidation, Eliminations, Income Statement in Enterprise Performance Mgmt > Financial Consolidation and Close public
    Title:
    Calculate Subsidiary/Equity retained earnings on Holding companies
    Summary:
    Is it possible to calculate the corresponding retained earnings for Subsidiaries and Equity companies on the Holding company instead of the Consolidated?
    Content:

    Hi,

    As a requirement of our contractor, the participation in the Retained Earnings of the Subsidiary and Equity companies must be calculated in the Holding company instead of doing it on the consolidated, as we understand it should be done.

    The Investment rule set does eliminate the investment on the Owners Equity but not on the Retained Earnings, so we understand any elimination corresponding to the Retained Earnings must be done, either on the CalcMgr calculation rule or the consolidation rules. We managed to do that but just could on the Consolidated, but not on the Holding, where we require it.

    It would be helpful any help on the feasibility, or how it is supposed to be done.

    Thanks!

  • 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