Here are some news from oracle regarding the October 2020 patch update for FCCS: The much awaited changes to approval / review process are coming up. Titbits from today’s Oracle webcast – FCCS related to approval process for you are,
- In the approval process, when you add new entities you no longed need to unlock and re-lock prior periods anymore in order to lock the new entities for current period.
- The auto lock will be applied from the inception period of the application till the last period when the parent of the new entity was locked last.
- The new entity will inherit its lock status from its parents for the prior periods.
- For any entity that participates in the review process, the system is going to allow data entry to the entity after the review process is started.
Explore key considerations, integrating the cloud with legacy applications and challenges of current cloud implementations.
Note, from what I understand:
-> The key is that all the prior periods expected to be in locked state for all the ancestors of this new entity for this enhancement to work as expected.
-> The approvals unit synchronization will be triggering the features introduced in Oct 2020 to work I guess so remember to synch your approvals unit as soon as you add a new entity to your application.