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FCCS Reporting Currency: We can assign more than one currency as a reporting currency. For example, we can designate USD, EURO, and GBP as Reporting currencies. MXP and CNY are simply input currencies. Just like in HFM, all entities need to be assigned their respective Entity Currency.
In this video tutorial, We have shown step by step FCCS Currency Conversion.
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Consolidated financial statements are the 'financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity'. In this video tutorial , We will explain Financial Consolidation Basics with Example.
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This is another excellent video on Oracle FCCS (Oracle Financial Consolidation and Close Cloud). In this video, we have taught Oracle FCCs Predefined Rules
Oracle FCCs Seeded Rules
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FCCs Configurable Consolidation :
This is another excellent video on Oracle FCCS (Oracle Financial Consolidation and Close Cloud). In this video, we have taught Oracle FCCs Non-Controlling Interest Calculation.
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Oracle FCCS Setup
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IFRS10 Group Financial Statement and Consolidation | IFRS10 Consolidation | FCCS Consolidation Basic
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