1 copyright © 2012, oracle and/or its affiliates. all rights … · 2016. 4. 22. · ms outlook...

1 Copyright © 2012, Oracle and/or its affiliates. All rights

reserved.

Confidential – Oracle Internal


reserved.


The Last Mile:

Update on Financial Close and Disclosure Management

Jim Springer

Principal Solutions Consultant


reserved.


Safe Harbor

The following is intended to outline our general product

direction. It is intended for information purposes only, and

may not be incorporated into any contract. It is not a

commitment to deliver any material, code, or functionality,

and should not be relied upon in making purchasing

decisions. The development, release, and timing of any

features or functionality described for Oracle’s products

remains at the sole discretion of Oracle.


reserved.


Update Overview

Financial Close Management

– Close Manager

– Account Reconciliation Manager

Disclosure Management

– Mapping Tool UI & Review

– New Output Formats

– Cross-footing

Q&A

Critical Components to World Class Close

Financial Close Best Practices

Financial

Consolidation

Data

Assurance Document Mgmt. & Filing

Financial and Mgmt. Reporting

ERP:

Oracle,

Legacy, Other

Tax

Filing

Financial Close Workflow

Finance Dashboard

Tax Provision

Transactions Reporting

Governance, Risk & Compliance

Sub Ledger Close General

Ledger Close Data

Assurance Consolidation

Internal Mgmt Reporting

External Financial Reporting

Filing

Copyright © 2011, Oracle and/or its affiliates. All rights reserved. 5

Copyright © 2013, Oracle and/or its affiliates. All rights reserved. 7

Oracle Financial Close Management Streamline the Extended Close Process

PROCESS MONITORING

ACCOUNT RECONCILIATIONS ACTIVE CALENDAR

Integrated with PeopleSoft/EBS & MS Outlook

Executive Dashboard Views

Automation, workflow, and integration with source systems

MS Outlook Task Integration via Smart View


• Import Hyperion FCM Tasks as

MS Outlook Tasks

Shows user’s current

responsibilities

Completed activities are removed

for task list

• Complete Hyperion FCM Tasks

directly within Outlook

Answer Questions

Add Comments & Attachments

Submit/Approve tasks

Link to PeopleSoft(40)/EBS(60)

Financials tasks

10 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Confidential – Oracle Restricted

• Source and Target balances displayed

with differences

• Account reconciliation instructions

• Improved question layout for account

reconciliations

• Import account balances into a

schedule

• Auto task restart if balances are

updated

• Dashboard – Schedule Tasks

– Configurable to show attribute and

question responses

Account Reconciliation Management Available in 11.1.2.2


7 Methods (2 existing, 5 New)

– Account Analysis

Balance is zero

Balance is zero and no activity

No activity

Balance is within range

Balance is within range and no activity

– Balance Comparison

Balance match (% tolerance)

Balance match (# tolerance)

Extension to Auto Reconciliation


Profiles and Reconciliations can

be assigned Primary and

Backup users

Users now have a status:

Available or Unavailable

Reconciliation assignment

remains with the Primary User

unless that user is not available

Backup Assignments

Advanced User Assignments


reserved.


Sub Ledger Close General

Ledger Close Data

Assurance Consolidation

Internal Management

Reporting

External Financial Reporting

Filing

The Financial Close Process

• Develop regulatory filings in a collaborative environment

• Leverage a unified Enterprise Performance Management framework

• Manage your data securely

• Link XBRL metadata directly to Hyperion Financial Reports, Financial

Management , Planning and Essbase

• Ensure data accuracy and regulatory compliance



reserved.


Oracle Hyperion Disclosure Management Statutory Reporting Made Simple

• Microsoft Office for authoring

• Source data from EPM, ERP, 3rd

party apps and external docs

• Support for XBRL, iXBRL, EDGAR

• Rollover from one filing period to

the next

• Leverage workflow and content

management capabilities


reserved.



• Microsoft Office for authoring


reserved.



• Direct integration with Enterprise Performance Mgmt Apps

A smart slice function grid with data source-level mapping


reserved.



• Direct integration with Enterprise Performance Mgmt Apps

Essbase Financial

Management Planning

Reporting and

Analysis repository

Supports data source mappings in

Word and Excel


reserved.



• XBRL taxonomy development and

management

– Full SEC extension taxonomy creation

– Built-in XBRL validation

– Support for multiple taxonomies

– Excel export capabilities


reserved.

Confidential – Oracle Internal 22

Oracle Confidential

Report Manager


reserved.


Report Manager

• Report Manager

– ‘Last Updated’ column

– ‘Edit’ Button to Add, delete,

rearrange doclets

– Add doclets from another

Master document

– Hidden mode for doclets brings

XBRL tags into the report, but

does not display content


reserved.


Report Manager

• Save As Report – Exports a doclet to become its own

standalone report

– All contexts, units, variables, mappings

used by the doclet are copied


reserved.


Oracle Confidential

Mapping Tool UI


reserved.


Mapping Tool

• Export button on Review tab

• Produce 3 different review types:

– Detailed Mapping Review (Tag Report)

– Duplicate Mappings Review

– Negative Values Review


reserved.


Mapping Reviews

• XBRL Audit Report for Tagging Review

– Improve data quality with detailed mapping, duplicate value and

negative value reviews


reserved.


Mapping Reviews

• Duplicate Mapping Review

– Analyze duplicate XBRL tags, with same and different values

• Same value – Possibly correct, should verify

• Different value – Validation error, must correct

• Negative Mapping Review

– Analyze XBRL tags with negative values

– Ensure flip sign is used correctly, balances and negated values used properly


reserved.


Oracle Confidential

Output Formats


reserved.


DM ‘Publish’ Button

• DM ‘Publish’ Button on MS Office

Ribbon

• For generating DM output formats

including: – XBRL and iXBRL (existing)

– EDGAR HTML (new)

– PDF (new)


reserved.


EDGAR HTML

• EDGAR-ready HTML format creation

– Use Disclosure Management to validate and generate your EDGAR

HTML and XBRL documents

– Produce your entire SEC filing in-house


reserved.


EDGAR HTML

• Document Setup

– Set up your DM Master document

to include all 10Q/K content

– Formatting is up to you

– EDGAR Format Guidelines will

be provided


reserved.


EDGAR HTML

• EDGAR HTML validation

– Ensure your HTML meets SEC EDGAR Filer Manual requirements


reserved.


EDGAR HTML

• EDGAR HTML generation

– Publish and preview your DM report into EDGAR HTML

– Generates a .zip file with the HTML + graphics


reserved.


PDF Output

• PDF generation

– Publish your DM report into PDF


reserved.


Oracle Confidential

Variables


reserved.


Disclosure Management 11.1.2.2.300

• Variables

– Manage common text, numbers across your report


reserved.


Cross-footing

• Use the sharing numbers technique with reference variables to ‘foot’

your numbers

• Allows filers to create custom validation rules

• Use ref variables in conjunction with Excel

• Limitations:

• Create your reference variables from Excel only (can’t evaluate Word variables

from Excel)


reserved.


Cross-footing

1) Create your reference variables


reserved.


Cross-footing

2) Pick an Excel spreadsheet to create the rules in

- This should probably not be a spreadsheet you would insert into a Master

document

3) Attach the reference variables to the spreadsheet using ‘cross reference’


reserved.


Cross-footing

4) Create an Excel formula that compares the variables


reserved.


Cross-footing

5) Click evaluate when ready

6) See validation results!


reserved.


Table of Contents

• Use reference variables to automate your TOC


reserved.


Table of Contents


Reference variables:

Crossrefs with hyperlinks or just Hyperlinks


reserved.


Table of Contents


Reference variables:

Pagerefs with hyperlinks or just Hyperlinks


reserved.


Table of Contents



reserved.


Q&A


reserved.


1 copyright © 2012, oracle and/or its affiliates. all rights … · 2016. 4. 22. · ms outlook...

Documents