Oracle fccs creating new application

FINANCIALSFINANCIALS WORKFORCEWORKFORCE CAPEXCAPEX PROJECTSPROJECTS CRMCRM
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Oracle Financial Consolidation and Close Cloud
Creating an Oracle Financial Consolidation and Close Cloud Application

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Creatng an Oracle FCCS Applicaton
An applicaton is a set of related dimensions and dimension members that are used to meet a
set of consolidaton and close process needs. Each applicaton has its own accounts, enttes,
scenarios, and other data elements.

In order to create new FCCS Applicaton, follow the screen shot steps. What optons available
to you is subject to what kind of license you have procured.

In order to create new
FCCS Applicaton, follow the
screen shot steps. What
optons available to you is
subject to what kind of
license you have procured.

 If you select 12 months, by default, the periods are January to December. You can
always add an alias to the period name if you want it to be different.
 If you select 13 months, select the period Distribution for each quarter. The default
distributon is 3-3-3-4. You can select a prefix, and the numbers 1 to 13 will be added to
the prefix, for example, P1 through P13.
 Start and end year: Select the period range for which you want to include data in the
applicaton.

 First month of fiscal year: From the drop-down, select the first month to use for the
fiscal year. For 12 months, the default is January. For 13 months, the default is P1.
 Optional: Create HYTD Members: By default, the applicaton provides the following
views of data: Periodic, YTD, QTD. To also include Half Year to Date (HYTD) tme periods,
click Enable.
 Main Currency: From the drop-down, select the main currency for you applicaton. The
system provides the standard ISO codes. The default currency is USD.
 Multicurrency: Select this opton if your applicaton contains data for more than one
currency. If the Multcurrency opton is not enabled, the Currency dimension is not
created for the applicaton.

Net Asset Approach—This opton allows you to track your
Net Assets separately within the Balance Sheet hierarchy as
Net Assets = Total Assets -Total Liabilities.

Traditional Balance Sheet Approach—This opton
provides the account hierarchy with Total Assets as a
parent member and Total Liabilites and Equity as a
separate parent member. The aggregaton of these
two parent members should be zero as Total Assets =
Total Liabilites and Equity.
The below snapshot shows FCCS Balance Sheet Traditonal Approach

Journal Adjustments : Select this opton if your applicaton includes journal adjustment data.
If you select this opton, the Journals menu displays in the applicaton for you to manage your
journal entries. Journals can be manually entered or loaded.

Journal Adjustments : If Journal Adjustments is enabled, the system
adds an additional member named Journal Input in the Data Source
dimension to track the adjustment amount separately from regular data
input.
Data Source
The Data Source dimension is used to track the source of data, to determine whether data
is manually entered or loaded from a General Ledger, journal postng, or from supplemental
detail.

Journal Workflow— If Journal Adjustments are enabled, you can
additionally select a workflow for the journal process. When Journal Workflow
is enabled, all journals must first be submitted for approval before they can
be posted to the system.

Multi-GAAP Reporting
Select this opton if you need to report
your financial statements in both local
GAAP and in IFRS or other GAAP. This
opton tracks the local GAAP data input
as well as any GAAP adjustments. If the
Mult-GAAP opton is enabled, you can
have one additonal custom
dimension for your applicaton.

Multi-GAAP Reporting
Enter Adjustment—You can select this opton to enter GAAP adjustments manually. You enter data in the
"FCCS_Local GAAP" member. Adjustments to local GAAP for IFRS are entered in the "FCCS_Adjustments"
member. The IFRS amount will be calculated.
Calculate Adjustment—Select this opton to allow the system to automatcally calculate the adjustment
amount based on the Local GAAP and IFRS amount entered. You enter data in the "FCCS_Local GAAP" and
"FCCS_IFRS" members. The Adjustments amount will be calculated in the Adjustments member.

CTA Account This opton is only available for mult-
currency applicatons. The CTA account
is used to store the FX calculaton
values for historical accounts. You can
configure the applicaton to include the
CTA Account in the Balance
Sheet or in Comprehensive Income.

Custom Dimensions
Select this opton to add Custom Dimensions, then enter a name for the dimension.
You can add a maximum of two Custom dimensions to an applicaton. If your applicaton is
enabled with the Mult-GAAP reportng opton, you can only add one
Custom dimension.
– Custom Dimension 1
– Custom Dimension 2

Intercompany Data
Select this opton if your applicaton includes intercompany
data. If enabled, the system creates an Intercompany
dimension containing system members. The Entty
dimension displays a property for members that specifies if
the member should be included in the Intercompany
dimension.

Intercompany Data
System creates an Intercompany
dimension containing system
members.
For Entty members, you specify if the member stores Intercompany detail. If you set
the Intercompany property for an Entty member, a member with the same name is
created in the Intercompany dimension with the name ICP_<Entty Name>.

Include Ratio Calculations Select the applicable rato calculatons that you want
to include in your applicaton. A separate Rato
hierarchy will be created in the Account dimension
with the specific rato groups that you selected.
Individual rato accounts and the corresponding
calculatons will be created as part of the applicaton.
You can add additonal rato calculatons to each group.

Ownership Management
Select this opton to manage Ownership
Management data and consolidaton
methods. This opton is only available if you
also enable Intercompany Data and Track
Intercompany Elimination.

Supplemental Data Collection
Select this opton if you want to collect additonal supplemental details from Supplemental
Data. When it is enabled, you can configure your data collecton workflow using Supplemental
Data Manager, and the approved data is stored in a separate member of the Data Source
dimension named "Supplemental Data" for tracking purposes. You can drill back to the source
to view all the supportng details. If you do not enable Supplemental Data Collecton, some
supplemental data-related features are not available.

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Oracle fccs creating new application

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