The View dimension controls the representation of data across time periods. For some companies, two custom dimensions may have been sufficient since Movement and Data Source were custom dimensions in Hyperion Financial Management (HFM), but they come pre-built in FCCS. Today we're going on a deeper dive into the newly released Consolidation & Close (formerly known as FCCS) adapter within Enterprise Data Management (formerly known as EDMCS, now EDM). These pre-seeded dimension members are prefixed with FCCS_*. Which explains why the Currency dimension does NOT display in … You cannot remove any of the system-created members, or change the attrbutes for seeded members under FCCS_TotalInputandAdjusted. Working towards the optimum number of days to close the financial period and the ability to publish financial statements and provide management with analytical data has never been easier. Income Statement Accounts have been made descendants of FCCS_Retained Earnings Current which eliminates the need of creating a separate rule to make Net Income roll forward to Retained Earnings Current. If Multi-GAAP Reporting is enabled, the pre-seeded Multi-GAAP Hierarchy will be automatically added. Also, if Track Intercompany elimination is selected, FCCS_Intercompany Elimination will automatically be added as a member of Data Source dimension to provide detailed elimination tracking. Most dimensions and dimension members EPM Cloud platform (no hardware, software, patching, nor upgrade support required) ... FCCS is built upon the Enterprise Planning Cloud (EPC) platform, which means that Let’s create a new FCCS sample application. Learn how your comment data is processed. If you have deployed FCCS with two custom dimensions, you will need to rebuild your application with four dimensions. This data in [Contribution Total] will then be aggregated to the of the parent entity. Custom Specially for an old HFMer 🙂. If Journal Workflow is selected, journals need to be submitted and approved before posting. In addition, the FCCS_CashFlow hierarchy lays out the Cash Flow Statement design where more details and appropriate adjustments could be added. To deploy FCCS with four custom dimensions you will need to: To read up on more Oracle content, click here. Data Storage errors for the following members should be ignored: Data Source -> All children of "FCCS_Source Entities" Entity -> "FCCS_Global Assumptions". Select Details. Each member of the FCCS_Movement dimension needs to be shared with FCCS_CashFlow hierarchy. In FCCS, you can designate more than one Reporting Currency. If Journal Adjustments is enabled, the Journal menu becomes available within the Navigator and FCCS_Journal Input is added as a member of Data Source dimension. In FCCS, most of the dimensions are predefined. As you may know, custom rules are not enabled (yet) in FCCS. Oracle will apply the latest monthly updates to your Test environments during the first daily maintenance that occurs at or after 22:00 UTC (15:00 PDT) on Friday, August 2, 2019. The FCCS predefined custom dimensions include: 1. Close Manager is an integral part of FCCS that delivers visibility to track the progress of the close process as a whole and the status of scheduled tasks in detail. Periods 9. This is somehow great for finance users as they can have a full control and understanding of what is happening in FCCS.  Additional ratios can be added as needed. FCCS now has four custom dimensions to meet the need for more detailed reporting. Monthly Update Schedule. Some of the Simplified Dimension Editor errors (cells outlined in red) are false-positive errors (that is, incorrectly reported as errors). Although Oracle Financial Consolidation and Close Cloud (FCCS) offers enhanced functionalities such as multi-currency consolidation, pre-built Movement and Data Source dimensions, pre-seeded dimensions with corresponding consolidation, translation and FX calculation rules, the hesitation to take advantage of these FCCS enhancements were mostly due to the restrictive two custom dimensions. Accounts 2. Data Storage errors for the following members should be ignored: Data Source --> All children of "FCCS_Source Entities" Entity --> "FCCS_Global Assumptions" Simplified Dimension Editor and Metadata Validation. Schedule templates for Month end, Quarter end, and Year end close processes can be created and schedules can be derived from these templates. To those companies requiring more than two custom dimensions, the wait is over! Also, the same data if you select either Parent Currency or USD. Let’s create a new FCCS application. During configuration Consolidation must be selected to enable all consolidation features including Balance Sheet hierarchy, Data Management Integration, Financial Reporting Web Studio, Journals, and Rules, among others. In our example above, data are loaded into CNY, not Entity Currency. The Currency dimension must be created prior to new members being added to the Data Source dimension. Reject journals " Next, "create new Data Source members under FCCS TotalInputAndAdjusted and" map the "Source Data Type and Source Currency Type custom attribute values for" input currencies. Features such as Supplemental Data management, Multi-GAAP Reporting, and tracking Multi-Source Data only require enabling them. Data Storage errors for the following members should be ignored: Data Source --> All children of "FCCS_Source Entities" Entity --> "FCCS_Global Assumptions" Supplemental Data manager allows configuration of data collection workflow and more granular data details can be stored at this intersection. FCCS comes with pre seeded Account hierarchy and limited customization at summary account hierarchies. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which FCCS “Datasource” dimension recalls the old HFM “Nature” dimension: we can upload data manually or from TXT or from FdmEE, we can make adjustments in Local or consolidation currency, Fccs performs intercompany eliminations during consolidation process: all these different “nature” of data entry and manual / automatic journals are mapped into the “DATASOURCE” FCCS dimension. If Intercompany Data is enabled, the Intercompany dimension will be created and will automatically include members which are entities tagged as intercompany entities. For example Account Receivable base accounts can be mapped to FCCS_Mvmts_AccountsReceivable. Translated Currency Input Journals: ( 20.07) Journals - Allow ability to create and post journals to different currency than entity currency