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Oracle FCCS Certification Training
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About Course
Course Overview
This course provides a comprehensive understanding of Oracle FCCS (Financial Consolidation and Close Cloud Service) . It focuses on automating financial consolidation, reporting, and close processes using Oracle’s cloud-based EPM solution. Learners gain hands-on experience in configuration, data integration, and financial reporting.
Key Features
- In-depth coverage of Oracle FCCS modules and consolidation concepts.
- Real-time project scenarios and practical exercises.
- Expert-led online training with access to cloud environments.
- Focus on automation, currency translation, and intercompany eliminations.
- Step-by-step guidance on reporting and close management.
Course Outcomes
- Configure and manage Oracle FCCS applications.
- Automate consolidation and financial close processes.
- Perform intercompany eliminations and currency translations.
- Create financial reports and dashboards.
- Gain expertise to support real-time Oracle FCCS implementations.
Oracle FCCS Training Course Syllabus
Introduction to Oracle EPM Cloud and Oracle FCCS
- Overview of Oracle EPM Cloud suite
- Introduction to Oracle FCCS
- Key benefits and architecture of Oracle FCCS
- Understanding financial close and consolidation processes
FCCS Application Setup
- Creating and configuring FCCS applications
- Understanding dimensions and metadata
- Setting up entities, accounts, scenarios, and currencies
- Security roles and access management
Consolidation and Data Management
- Data loading and validation methods
- Intercompany eliminations and ownership management
- Currency translation and consolidation rules
- Data mapping and integration with external systems
Business Rules and Calculations
- Overview of calculation manager
- Creating and managing consolidation rules
- Managing journal adjustments and overrides
- Configuring system calculations and translations
Task and Close Management
- Setting up task lists and close templates
- Workflow and approval management
- Automating close processes
- Monitoring close status and managing approvals
Reporting and Analysis
- Creating financial reports and dashboards
- Using SmartView for ad hoc analysis
- Customizing reports with financial data quality
- Building reports for management and audit requirements
Administration and Maintenance
- Lifecycle management and application migration
- Managing backups and snapshots
- Performance monitoring and troubleshooting
- Managing updates and version control
Oracle FCCS Course Key Features
- Live Instructor based training with software
- Certification Oriented content
- Hands-on complete Realtime training
- Flexible schedule demo's & classes
- Live recorded videos access
- Study material provided
- JOB Assistance
Course completion certificate
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Live Virtual Training
- Schedule your sessions at your comfortable with timings
- Instructor-Led training real time projects
- Certification Guidance
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- Complete set of live-online training session recorded videos.
- Learn technology at your own pace.
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- Learn as a full day schedule with discussions, exercises.
- Practical use cases.
- Design your own syllabus based
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Oracle FCCS Online Training FAQ'S
What is Oracle FCCS, and how does it differ from on-premises HFM?
Oracle Financial Consolidation and Close Cloud Service (FCCS) is a cloud-based solution for automating financial consolidation and close processes. Unlike HFM (Hyperion Financial Management), FCCS offers prebuilt consolidation features, automatic updates, built-in best practices, and seamless integration with other Oracle EPM Cloud services without requiring on-premises infrastructure.
What are the key dimensions in an FCCS application?
FCCS includes predefined dimensions such as Entity, Account, Consolidation, Scenario, Year, Period, Currency, and Movement. These dimensions are essential for performing consolidation, currency translation, and reporting across entities and time periods.
How does FCCS handle intercompany eliminations?
FCCS automates intercompany eliminations using the Intercompany dimension. When transactions between entities are loaded, FCCS automatically matches and eliminates intercompany balances based on the ownership structure and predefined consolidation rules.
What is the purpose of the Close Manager in FCCS?
Close Manager is used to streamline and monitor the financial close process. It allows users to define close tasks, assign responsibilities, set due dates, automate task execution, and track progress to ensure timely completion of financial close activities.
How is currency translation managed in FCCS?
FCCS performs automatic currency translation using exchange rates defined in the system. It converts local currency balances into reporting currency during consolidation based on predefined rules and translation methods configured for each account type.
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