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Oracle Financial Consolidation and Close Cloud (FCCS) - July 2018 Updates

Tanya Heise
Sr Principal Technical Support Engineer

The following announcements and considerations are outlined in the upcoming Oracle Financial Consolidation and Close Cloud (FCCS) update:

Oracle Financial Consolidation and Close Cloud (FCCS)
July 2018

Monthly Update Schedule:

Oracle will apply the latest updates to your test environments starting at 22:00 UTC (15:00 PDT) on Friday, July 6, 2018 and to your production environment on Friday, July 20, 2018, also starting at 22:00 UTC. The updates will be applied to your environments during the first subsequent daily maintenance.

Backing up the daily maintenance snapshot and restoring the environment as needed are self-service operations. Oracle recommends that you download the maintenance snapshot every day to a local server. Refer to Backing Up and Restoring an Environment Using the Maintenance Snapshot in Getting Started with Oracle Enterprise Performance Management Cloud for Administrators.

NOTE: You can import backup snapshots into environments with the same, the preceding or the next update versions. For example, you can import backup snapshots from release 17.08 into releases 17.07 and 17.09. For more information about migration, see Administering Migration for Oracle Enterprise Performance Management Cloud.

Announcements and New Features:

  • Manage Ownership Enhancements
  • New EPM Automate Utility Version
  • Migration Export Scenarios: Clone and Incremental Export
  • Changes to Labels and Threshold Values in Activity Report
  • Option to Show Hidden Files in the Financial Reporting Web Studio Repository
  • Simpler Member Selector
  • Updated Vision Sample Application
  • Only for Smart View for Office with Microsoft Office 365 ProPlus

Upcoming Changes:

  • Classic Dimension Editor
  • Composite Form Creation Capability
  • Financial Reporting Studio Desktop Client
Defects Fixed:
  • Software issues addressed each month will be posted to Enterprise Performance Management Cloud Release Highlights (Doc ID 2055579.1)

Considerations:

  • Moving Seeded Members
  • Consolidation Rules - Errors in Seeded System Rules
  • Calculation Status
  • Metadata Aliases
  • Exchange Rate Type for Plug Accounts
  • Intercompany Matching Reports
  • Translation Rules
  • Reconsolidating Data After Upgrading
  • Ownership Management Enablement
  • Copying and Clearing Data
  • Change in Calculation of CTA for Net Income / Retained Earnings Current Accounts
  • Self Service Upgrade
  • Editing Dates in a Data Collection Period
  • Entity Member Names / Aliases with ICP Property
  • Working with Metadata
  • Smart View Summary Dialog Display

 

Refer to the following links and documents for further information:

  • Oracle Cloud Release Readiness - Get up to speed on the latest cloud release and ensure your upgrade is a success with Oracle's Release Readiness assets. To access this broad range of assets, locate your service on the left, then choose a release from the service's drop-down menu. Learn and how to plan your upgrade by reviewing expanded discussions of new features,including capability overviews, business benefits, setup considerations and usage tips.
  • My Oracle Support (MOS) Knowledge Article: Enterprise Performance Management Cloud Release Highlights Doc ID 2055579.1

 

 

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