FCC: Enablement for Project Teams  (2 days)

Audience

Project teams, managers, stakeholders.

Learning Objectives

Enable project teams to make a more valuable contribution to the design and implementation of Oracle’s Financial Consolidation and Close (FCC) applications.

Course Description

An in-depth exploration of FCC, ideal for project managers and design teams that need to get up to speed fast. This course is typically taught before the application design process begins. It covers all capabilities of the system and explores the interface, the dimensionality and the key design considerations required for the implementation of efficient and effective applications.

This course illustrates how the close process can be adopted within FCC. It also explores the flow of data from source systems and various migration methodologies. Attendees will explore the transformation of data through FCC into meaningful management and statutory information, as well as reviewing validation and approval capabilities of the system.

This is the perfect way to start an FCC implementation. It provides a thorough grounding in functionality, terminology and concepts. It also challenges perceptions and provides perspective on the possibilities that FCC offers your organisation. It will help inform the decisions that need to be taken during the early design and build phase of your project.

Course Information

Audience: Project teams.

Duration: 2 days

Pre-requisites: None

Delivery method: 

  • Classroom: Private - In Person or Live Online (contact us to schedule)

Advanced preparation: None

Recommended CPE credits: 14 credits

Day Summary

Day 1: Overview, functionality and features, navigation, terms and concepts, managing dimensionality, data migration, typical close processes, custom navigation flows, data forms and dashboards, security, cloud services maintenance.

 

Day 2: Calculation rules, manage ownerships and consolidation methods, understanding supplemental data, journals, intercompany processing, defining valid intersections, reporting capabilities and Smart View.​

Detailed Agenda

  • Overview of FCC

    • Gain an understanding of the key areas of functionality that are bundled in the Financial Consolidation Close

  • Functionality and features

  • Navigation

    • FCC can be accessed through the Web and the documents and tasks can be accessed via customisable clusters andcards. You can also use Smart View (Excel). Compare and contrast the functionality available in each interface.

  • The Close Process

    • Tasks can be presented in lists and have workflows assigned to them. This gives users a standard method of navigating, submiting and approving tasks.

  • Managing Metadata

    • Metadata can be managed using Smart View and also the Simplified Dimension Editor. Discover the benefits of both methods and see how you can validate metadata.

  • Data migration

    • Understand how to migrate FCC artifacts from Test to Production environments using Life Cycle Management. Create backups of all metadata and data using Snapshots.

  • Custom navigation flows

    • Modify the Web interface by user group. Clusters andCards can be fully customized and include both FCC and PBCS tasks.

  • Data forms and dashboards

    • Create Data Forms to review and enter data, create composite forms and customise Dashboards and utilize the out of the box functionality that FCC provides

  • Security

    • Setup users in MyCloud services and assign access rights todimensions and artifacts.

  • Cloud services maintenance

    • Understand the cadence of Oracle maintenance for both Test and Production environments. Learn how to schedule Maintenance updates and configure new functionality.

  • Calculation rules

    • Understand out of the box calculations and see how to create types of calculations including member formulas and writing Calc scripts in the Calculation Manager.

  • Manage ownerships and consolidation methods

    • Review the Manage Ownership options that can be customised to apply specific consolidation percentages to entities in the consolidation rollup.

  • Understanding supplemental data

    • Enter supplemental data by creating customised forms with pre-defined data set functionality

  • Journals

    • Create, Submit, Approve and Post journals using templates as a starting point.

  • Intercompany processing

    • Enter Intercompany balances and run the out-of-the-box matching report

  • Defining valid intersections

    • Understand how valid intersections can guide users to input data correctly across multiple combinations of dimensions.

  • Reporting capabilities

    • Run financial reports and books and review and customise the highly graphical out-of-the-box dashboards.

  • Smart View

    • Use Smart View to analyse data using Ad Hoc analysis butalso manage metadata and explore the various extensionsthat allows Smart View to act as an interface for Close Manager and Supplemental data.

Register

This course is offered as private training only, through our strategic partnership with Keyteach, using state-of-the-art technology and a live Cloud environment for hands-on labs. Contact us to schedule a private class.

123EPM

Address: 2425 N Center St, Suite 240, Hickory, NC 28601

Tel. 828-278-8588

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