FCCS: Clear Data and Consolidation
By: Henry Lin - Principal Consultant
Published:
January 7, 2020
Financial Consolidation and Close Cloud Service
Oracle's Financial Consolidation and Close Cloud Service (FCCS) has the option for clearing data by: Scenario, Year, Period, Data Source, and Entity. However, some users may find themselves confused when attempting to validate the data at different level.
During consolidation, the data gets translated from FCCS_Entity Input to FCCS_Entity Total at consolidated level. When clearing data, all the data resides in level 0 will get cleared. However, since in Clear Data option, there is no option to select by Consolidation, the data at Consolidated level (FCCS_Entity Total) will remains within the application.
By processing this step, it can prevent from data overlapping at consolidated level. It will also cause confusion on data validation.
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