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Oracle FCCS (Financial Consolidation and Close Cloud Service) Training Course Content
Financial Consolidation and Close Cloud Overview
- Describe the financial consolidation and close processes
- Describe Financial Consolidation and Close Cloud related components
- Creating an 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
Consolidation Module – Dimensions - Explain system dimensions and pre-seeded members including
- equirements and restrictions
- Design and set up the Account dimension
- Explain Data Source dimension and guidelines for adding member hierarchies
- Explain Consolidation dimension
- Explain the Currency dimension
- Design and set up Entity dimension
- Design and set up Inter company dimension
- Design Cash Flow reporting, FX calculations, and Currency
- Translation Adjustments using Movement dimension
- Design GAAP and IFRS financial reporting using Multi-GAAP dimension
Consolidation Module – Consolidations, Eliminations, and Translations - Describe the sequence of events in the consolidation process
- Diagnose data flow of the consolidation process and the role of Consolidation dimension
- Diagnose anatomy of the elimination process and the role of Intercompany dimension
- Explain default currency translations for a multi-currency application and methods applied
- Diagnose the anatomy of converting reporting currencies as it relates to Entity Currency and Parent Currency
- Describe calculation status and what actions can change them
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 the approval process
Data Management - Describe use cases for Data Management
- Perform administration tasks: predefine 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
Financial Close Manager Module - Set up the close process
- Manage task types and templates
- Manage close schedules
Oracle EPM Cloud Foundation - Set up and configure Cloud security
- Perform system maintenance
- Build EPM Cloud automation routines – Job Scheduler, EPM Automate
Supplemental Data Module - Create data sets and dimension attributes
Using Smart View - Explain user tasks in Smart View
- Analyze data using ad hoc and Smart Forms b
Enterprise Reporting using FCCS - Design reports using Reporting Web Studio
- Previewing Reports
- Setting Preferences, Card,Cluster & Infolet
- Printing Reports and Snapshots
Managing Journel
For FCCS Interview Questions Click Here