Archivi categoria: FCCS

FCCS Sample APP

We have started developing our FCCS application for statutory consolidation.

We start from the multi-year experience in the implementation of ORACLE HFM and ESSBASE applications.

Learn more about FCCS features and functionalities: email support@experlab.it

Movements for cash flow

We are just talking about pre-configured dimensions and hierarchies, but in FCCS Movement dimension was designed to facilitate the creation of Cash Flow Statement: Movement dimension members are appropriately grouped by Cash Flow sections: Operating Activities, Investing Activities, and Financing Activities. In addition, the FCCS_CashFlow hierarchy lays out the Cash Flow Statement design where more details and appropriate adjustments could be added. Each member of the FCCS_Movement hierarchy needs to be shared with FCCS_CashFlow. Also, movement members need to be assigned to the account dimension as in HFM with the Custom Top Member attribute.

HFM vs. FCCS dimensionality

Oracle Hyperion Financial Management (HFM) on premise application is based on 12 dimensions: Scenario; Year; Period; View; Entity; Value; Account; Intercompany partner; Custom1; Custom2; Custom3; Custom4. We can use more than 12 dimensions if we make applications with more than 4 Custom dimensions.

Oracle Financial Consolidation and Close Cloud Service (FCCS) starts with 13 dimensions: Scenario; Year; Period; View; Consolidation; Datasource; Currency; Entity; Account; Movement; Intercompany partner; Custom1; Custom2.

FCCS “Consolidation” dimension recalls the old HFM “Value” dimension which means how data go up from my local currency balances to the contribution to a Consolidation Node.  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. FCCS “Movement” dimension recalls the old HFM “Flows” dimension: this shows for istance the info about a fixed asset Opening Balance, an Acquisition, a Disposal and all the movements useful to the Note to Financial Statements.