Financial Consolidation and Close Cloud Training [ FCCS] - 40 Hrs

Financial Consolidation and Close Cloud Training [ FCCS] - 40 Hrs

What is Oracle FCCS?

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. As cloud consolidation becomes a reality, we’ll train courses that you’ll need to get ahead of the curve and master the major concepts including the underlying calculation script language.

Associated products, such as FDMEE Data Management and Financial Reporting Web Studio, mean that training is essential to unlock the potential of FCCS and support its successful development and deployment.

We deliver Oracle FCCS, PBCS, EPBCS, and HFM training courses of Oracle EPM Products. You can trust us to help your organization/your candidates to learn Oracle FCCS.

We also offer training for users of your FCCS systems. We can tailor FCCS training to your business processes and applications from the smallest to the largest user community. We’ve delivered custom training for countless global clients FCCS training that fits with the availability of users and the operational time restrictions of the business during the roll-out and across the financial year.

We’ll help develop an all-inclusive education program for FCCS to address the following aims:

  • Comprehensive FCCS training program to ensure no competency gaps
  • Establish credibility for the implementation
  • Provide targeted investment in user learning and a consequential increase in market value for individuals
  • Synergy with individual development plans
  • Mindful education deployment to fit with the availability of users and the operational time restrictions of the business across the financial year

Audience

System administrators and implementation consultants

Learning objectives

Gain an in-depth understanding of how to create and manage applications with Oracle’s new Financial Consolidation and Close Cloud Service (FCCS).

Course description

Discover how to manage, maintain and update configurations and metadata to meet new requirements on an ongoing basis. Explore the close manager and how to work with the schedules and templates to provide a structured list of tasks.

Navigate and configure various application components and learn about the validation of metadata. Learn more about member attributes and understand the implications of working with dense and sparse dimensions to adopt best practice design.

Find out about balance sheet movements, supplemental data, intercompany processing and working with journals. Discover how to use life cycle management snapshots to migrate system artefacts.

Attendees will also gain an in-depth understanding of consolidation, translation and how to manage entity ownerships.

Find out how to build efficient, effective and responsive applications and master the concepts behind writing multidimensional calculations.

Discover how data from a variety of different sources can be transformed and loaded to FCCS applications using Data Management (FDMEE).

Attendees will also explore how to automate a wide variety of common tasks including the archive, backup and restore of applications, the import of data and running business rules using EPM Automate

Major Topics

Introduction to FCCS

  • Key Components
  • EPM Cloud Consolidation Landscape
  • The Close Process
  • Navigating the FCCS Interface
  • Point of View and Selecting Members

 

Application Creation and Configuration

  • Application Configuration Options
  • Creating a new FCCS Application
  • Applications from Migration Snapshots
  • Enabling New Features

 

Introducing FCCS Dimensions

  • Dimensionality and Data Storage
  • Extensible Dimensions
  • FCCS vs HFM Dimensionality
  • Scenario, Year, Period and View
  • Account and Movement
  • Multi GAAP and Data Source
  • Intercompany and Entity
  • Currency and Consolidation

 

Member Properties

  • Data Storage and Aggregation Options
  • Aliases and User Defined Attributes
  • Enabled for Approvals
  • Dimension Member Properties

Managing Metadata

  • Monitoring Jobs
  • Metadata Administration in FCCS
  • Metadata Administration in Smart View

Interface and Navigation Flows

  • Creating Custom Navigation Flows
  • Dashboards and Infolets

Data Management (FDMEE)

  • Concepts
  • Import, Validate and Export
  • Data Management Setup

Designing Data Forms

  • Design Considerations
  • Smart Lists and Variables
  • Data Form Validation Rules
  • Creating Formulas

Data Entry Techniques

  • Basic Data Entry
  • Quick Data Entry Commands
  • Keyboard Shortcuts
  • Comments and Attachments
  • Adjusting Values and Grid Spread
  • Supporting Detail
  • Formatting Data and Data Form Controls

Intercompany and Journals

  • Intercompany Metadata
  • Matching Intercompany
  • Creating Journals

Security and Managing Users

  • The FCCS Security Model
  • Creating Users
  • Assigning Roles
  • Managing Groups
  • Valid Intersections

 

Approvals

  • Manage Approvals
  • Synchronizing hierarchy
  • Approval Unit Hierarchies
  • Locking Data

Smart View

  • Connection Types and Ribbons
  • Ad Hoc Analysis and Cascade
  • Data Forms and Smart Forms
  • Smart View Functions

Financial Reporting

  • Running and Creating Reports
  • Reports in PDF, HTML, XLXS, Word and Power point

Closing with Task Manager

  • Templates
  • Tasks
  • Schedules

Supplemental Data

  • Understanding Supplemental Data
  • Data Sets
  • Creating Forms

Application Maintenance

  • Application Migration
  • Scheduling Jobs
  • Cloud Environment Updates

Exchange Rates and Translation

  • Managing Exchange Rates
  • Average Rate
  • Ending rate
  • Acquisition Rate/Local Rate
  • Rate Overrides/Amount overrides
  • Loading Exchange Rates

Understanding Calculation

  • Calculation Types
  • Cross Dimensional Operators
  • Seeded Calculation

Member Formulas

  • Creating Member Formulas
  • Dynamically Calculated Members
  • Two-Pass Calculation

Introducing Business Rules

  • Block-Storage Concepts
  • Structure of Business Rules
  • Calculating a Member or Subset
  • Relationship Functions
  • Controlling Scope
  • Pre-Built Calculations and Translations
  • Using FIX in FCCS Calculations
  • Business Rule Efficiency

EPM Automate

  • Installation and Connection
  • Maintain Security
  • Create and Download Snapshots

Introducing the REST APIs

  • REST URLs and Methods
  • Install a REST Client
  • GET and POST requests
  • Retrieving details and executing jobs