Posts Tagged ‘Oracle Financial Consolidation and Close Cloud’

FCCS: Locking Data

It is always a good idea to lock data after completing period end-processing tasks. In HFM, we create the status grid that we use to lock or unlock data for the period and entity hierarchy intersections. The procedure to lock data in FCCS is different as follows: In Manage Approvals we need to make sure […]

Web API Using Azure

FCCS Translation Rates and Movement

In Hyperion Financial Management (HFM), we know that Assets and Liabilities are Balance Accounts where we assign Ending Rates while Revenues and Expenses are Flow Accounts where we assign Average Rates. In Oracle Financial Consolidation and Close Cloud (FCCS), Balance Sheet and P&L Accounts are assigned the same Time Balance and Exchange Rate Type. For […]

The Four Custom Dimensions of FCCS

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. For some companies, two custom dimensions […]