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EPM Consolidation
The course teaches consultants how to configure and operate Oracle FCCS, covering dimensions, metadata, consolidation, currency translation, and close management, enabling accurate financial reporting and efficient close cycles.
105
Minutes
55
Questions
60
Passing Score
$245
Exam Cost
Who Should Take This
It is designed for junior to mid‑level Oracle EPM consultants who have one to two years of hands‑on FCCS experience and seek to deepen their implementation expertise. Learners aim to master configuration, data modeling, and close processes to deliver reliable consolidation solutions for their clients.
What's Covered
1
FCCS Platform and Configuration
2
Dimension and Metadata
3
Consolidation Processing
4
Currency Translation
5
Close Process Management
6
Data Loading and Integration
7
Reporting and Compliance
8
Advanced Features
What's Included in AccelaStudy® AI
Adaptive Knowledge Graph
Practice Questions
Lesson Modules
Console Simulator Labs
Exam Tips & Strategy
20 Activity Formats
Course Outline
60 learning goals
1
FCCS Platform and Configuration
2 topics
FCCS Architecture
- Identify FCCS application components including consolidation dimensions, pre-built accounts, system members, and configurable hierarchies.
- Describe FCCS deployment options including enterprise and standard application types and their feature set differences.
- Configure FCCS application settings including calendar, currencies, chart of accounts, and intercompany dimension setup.
- Analyze enterprise requirements to design FCCS architectures supporting multi-GAAP and multi-currency consolidation needs.
Security and Provisioning
- Identify FCCS predefined roles including Administrator, Power User, User, and Viewer and their access capabilities.
- Configure data access security profiles using member-level grants and security filters for entity, account, and scenario dimensions.
- Implement approval unit security and ownership assignments to enforce segregation of duties in the financial close process.
- Analyze multi-subsidiary security requirements to design role and data access models ensuring appropriate information barriers.
2
Dimension and Metadata
2 topics
Core Dimensions
- Describe FCCS system dimensions including Entity, Account, Scenario, Year, Period, View, Currency, Data Source, and Multi-GAAP.
- Configure entity dimension hierarchies with consolidation methods, ownership percentages, and minority interest assignments.
- Implement account dimension structures with pre-built consolidation accounts, statistical accounts, and plug account mappings.
- Configure custom and movement dimensions for business segmentation, product lines, and flow-based reporting analysis.
Metadata Operations
- Describe metadata import/export formats, bulk loading operations, and metadata validation rules for dimension maintenance.
- Configure period mapping, scenario versioning, and substitution variables for multi-period consolidation cycles.
- Implement member formula overrides and dynamic calc members for derived consolidation calculations.
- Analyze metadata design decisions to optimize hierarchy structures for consolidation performance and reporting flexibility.
3
Consolidation Processing
3 topics
Consolidation Methods
- Identify consolidation methods including subsidiary, proportional, equity, and no consolidation and their accounting treatment.
- Configure consolidation rules for ownership changes, mid-year acquisitions, and partial disposal scenarios.
- Implement minority interest calculations, goodwill adjustments, and elimination entries for complex ownership structures.
- Analyze multi-entity consolidation scenarios to determine correct method selection and ownership chain resolution.
Intercompany Eliminations
- Describe intercompany transaction types including receivables/payables, revenue/expense, investments, and dividends.
- Configure intercompany matching rules, tolerance thresholds, and plug account assignments for automated elimination processing.
- Implement intercompany reports including matching details, out-of-balance analysis, and elimination journal drill-through.
- Evaluate intercompany elimination strategies to design scalable matching and reconciliation workflows for large entity groups.
Configurable Calculations
- Describe configurable consolidation rule types including pre-consolidation, post-consolidation, and translation override rules.
- Implement configurable rules for custom scope adjustments, proportional calculations, and equity pickup logic.
- Configure calculation sequences to control elimination, translation, and custom rule execution order during consolidation.
- Analyze rule interaction patterns to design consolidation calculation chains that produce correct results across ownership tiers.
4
Currency Translation
1 topic
Translation Configuration
- Identify currency translation methods including current rate, historical rate, and weighted average and their account type mappings.
- Configure exchange rate tables with period-end, average, and historical rates for multi-currency consolidation processing.
- Implement translation rules specifying rate assignment by account type, rate override logic, and triangulation currency paths.
- Analyze CTA calculation, revaluation adjustments, and multi-GAAP currency reporting requirements for translation accuracy.
5
Close Process Management
2 topics
Close Manager
- Describe Close Manager components including templates, schedules, tasks, integration links, and dashboard views.
- Configure close task templates with dependencies, assignments, instructions, and automated execution for recurring close cycles.
- Implement close schedule monitoring with status tracking, alerts, escalation rules, and late-task notification triggers.
- Evaluate close process designs to optimize task sequencing, minimize duration, and ensure compliance with reporting deadlines.
Journals and Adjustments
- Identify journal types in FCCS including manual, auto-reversing, recurring, and system-generated elimination journals.
- Configure journal approval workflows, posting rules, and validation checks for manual consolidation adjustments.
- Implement recurring and template journals for standard monthly entries, reclassifications, and audit trail maintenance.
- Analyze journal management requirements to design approval hierarchies and audit controls meeting SOX compliance standards.
6
Data Loading and Integration
1 topic
Data Integration
- Identify data loading options for FCCS including Data Management, Data Integration, flat file imports, and REST API endpoints.
- Configure Data Management mappings, locations, import formats, and period mapping for source-to-FCCS data loading.
- Implement data validation rules, drill-through definitions, and error handling for data loading quality assurance.
- Analyze integration requirements to design pipelines supporting multiple source systems, frequencies, and reconciliation points.
7
Reporting and Compliance
2 topics
Financial Reports
- Describe pre-built FCCS reports including trial balance, income statement, balance sheet, and consolidation journals.
- Configure Financial Reporting with grids, expansion formulas, and conditional suppression for consolidated statements.
- Implement Smart View templates for ad hoc consolidation analysis, variance exploration, and data submission.
- Analyze reporting requirements to design consolidated financial statement packages meeting statutory and management reporting deadlines.
Compliance and Narrative
- Describe FCCS dashboards including consolidation status, intercompany monitoring, and ownership visualization panels.
- Configure supplemental data collection forms, compliance checklists, and attestation workflows for regulatory reporting.
- Implement narrative reporting with doclets, sign-off workflows, and XBRL tagging for external regulatory submission.
- Evaluate reporting architectures combining statutory, management, and regulatory outputs from FCCS for stakeholder needs.
8
Advanced Features
2 topics
Multi-GAAP and Complex Groups
- Describe Multi-GAAP dimension purpose for parallel books under IFRS, US GAAP, and local statutory standards.
- Configure multi-GAAP adjustments using the GAAP dimension for IFRS-to-local differences and first-time adoption entries.
- Implement equity pickup, proportional logic, and tiered ownership resolution for complex multi-level group structures.
- Analyze complex scenarios to design rule configurations supporting partial disposals, step acquisitions, and group restructuring.
Automation and Migration
- Identify EPM Automate commands for FCCS operations including consolidation, translation, data loading, and snapshot management.
- Configure automated consolidation pipelines using EPM Automate scripting with error handling and notification triggers.
- Implement HFM-to-FCCS migration strategies including metadata mapping, data transformation, and rule conversion procedures.
- Evaluate migration readiness to design phased transition plans maintaining parallel operations during HFM-to-FCCS cutover.
Scope
Included Topics
- All domains in the Oracle EPM Financial Consolidation and Close (FCCS) exam: application design, dimensions, consolidation rules, intercompany eliminations, currency translation, close management, and reporting.
- Consolidation methods: subsidiary, proportional, equity, ownership chain resolution, minority interest, and goodwill adjustments.
- Close process management: task scheduling, journal entries, supplemental data, narrative reporting, and compliance workflows.
- Data integration with source systems, Data Management mapping, validation, and reconciliation for consolidated financial data.
Not Covered
- Deep Essbase administration and MaxL scripting beyond FCCS consolidation context.
- EPM Planning module configuration, budgeting workflows, and workforce planning.
- Oracle ERP Cloud General Ledger configuration, subledger accounting, and AP/AR processes.
- IFRS and US GAAP accounting standards interpretation beyond consolidation treatment mechanics.
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