At Kscope25, Danny Tijerina, Director at EPMI, unpacked advanced Oracle Cloud EPM Financial Consolidation and Close functionalities and showed how enterprises can leverage these FCCS features as a strategic advantage.
Overview
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- Automate Equity Pickup: Reduce manual equity calculations with built-in FCCS logic.
- Use USD Overrides Smartly: Gain flexibility without sacrificing data integrity.
- Optimize Cash Flow Reports: Leverage rule-based automation for accurate mapping and reporting.
This guide provides a recap of the session and how these powerful features can transform financial close processes for finance leaders and system administrators.
Ownership Management and Equity Pickup
Ownership Management is essential for enterprises with complex entity structures and partial ownerships.
Danny’s walkthrough clarified how to configure ownership hierarchies, define consolidation methods, and manage varying equity percentages—all within FCCS.
Equity Pickup (EPU) functionality automates the booking of investment income and minority interest.
By using Oracle’s built-in rule sets, users can:
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- Automatically calculate and post equity earnings
- Maintain audit trails for intercompany equity investments
- Set up rules that handle minority interest expense and liability accounts
With smart use of the predefined “Holding” entity and automation of equity pickup journal entries, organizations gain consistency and transparency in their consolidation logic.
USD Overrides and Organization by Period
For multi-currency environments, USD Overrides offer targeted flexibility in reporting and currency conversion. Organizations can override calculated USD values in specific scenarios without disrupting broader translation logic.
The Organization by Period feature enables organizations to manage dynamic organizational structures that change over time. It allows users to:
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- Maintain historical accuracy for past consolidations
- Enable dynamic hierarchy changes without restating previous financials
Cash Flow Enhancements
Cash flow reporting is a key compliance and operational metric. It is critical for enterprises to optimize the FCCS cash flow hierarchy and automate the population of movement members.
By leveraging configurable consolidation rules, organizations can map source activity to cash flow lines with greater precision.
Data Insights and CTA (Cumulative Translation Adjustment)
Understanding currency translation impact is crucial in global operations. The presentation (available below) introduced tools for analyzing CTA movements, such as the use of FX accounts and data insight dashboards that bring clarity to translation variances.
These insights enable controllers to:
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- Reconcile CTA fluctuations across periods
- Identify FX anomalies
- Enhance external reporting with traceable, auditable narratives
Receive Step-By-Step Instructions for Your FCCS Instance
If you’re looking to make your FCCS implementation smarter, more auditable, and aligned with best practices, these advanced features are where you should start. From complex equity logic to dynamic org management, the tools are already in your system—it’s just about using them effectively.
Download Danny Tijerina’s full presentation to access screenshots, configurations, and step-by-step instructions.
FAQs
What’s the benefit of using the FCCS “Holding” method in Ownership Management?
It enables automated equity pickup calculations and ensures standardized treatment of minority interest.
Can I update ownership percentages mid-year?
Yes, but you should use the Organization by Period feature to preserve historical accuracy.
How customizable is FCCS cash flow?
Very. Through configurable consolidation rules, you can align cash flow reporting to business-specific movement types.