Senior Prinicipal Consultant
Corporate and management reporting is experiencing significant change. As reported earnings become more volatile, corporate guidance and the ability for management to clearly explain the quality and sustainability of corporate performance is more important than ever. It allows to efficiently manage data and narratives for actionable insights. It combines the what (data), with who, when, why and how (narrative). Narrative Reports supports data access and data integration from different sources, which provide “one version of the truth” on a single reporting platform. Join us in the journey of Narrating Reporting – 1. Overview of Narrative Reporting 2. Exploration of different Reporting Design concepts 3. Robust Reference Doclet framework – to integrate data from different sources into report packages 4. Creation of Report Packages: Author Phase, Review Phase and Sign off Phase 5. Publish and distribute reports This session will cover live demonstration of creation of Annual General Meeting report for investors meeting using FCCS. Notes for Selection Committee : Narrative Reporting is future of EPM Cloud reporting. In this session of we want to highlight the importance of Corporate and management reporting using narrative Reporting offered by Oracle. It will be live demonstration of report creation.
Manual tracking of the close process, using excel and e-mails is one of the reason companies still experience issues in their close process from an accuracy, transparency, complexity and comprehensiveness perspective. By standardizing and embedding controls in period-end close processes, organizations are able to eliminate labor-intensive, non-value adding activities and streamline decentralized and disjointed workflows that lengthen cycle times, increase the risk of control failure, and threaten the integrity of financial statements. Oracle Financial Close Manager module of FCCS is built for centralized, web-based management of period-end close activities across the extended financial close cycle. It helps to manage all financial close cycle tasks, including ledger and sub ledger close, data loading and mapping, financial consolidation, account reconciliation, tax/treasury and internal and external reporting processes. This session will include: 1. Close Manager Components (Setup Calendar, Security, Periods, Years, Custom Attributes, Alert Types, Integrations) 2. Define Tasks for a Close Process – setup Task Types 3. Define Dashboard Views (Calendar, Task List, Gantt Chart) 4. Create / Update Templates (and Validate) with repeatable close tasks 5. Setup / Update Schedule by pulling from a template 6. Workflow process Notes for Review Committee: Close Manager can be one single place to manage the all financial cycle. Tasks from different Oracle cloud applications (i.e. PBCS/EPBCS, FCCS, TRCS, ARCS and other Oracle Cloud EPR tools) can be managing from a centralized place. This is to highlight how Close Manager provides an automated and standardized manner of managing financial activities. It streamlines the entire financial close while improving the accuracy and reliability of financial and non-financial data delivered to all stakeholders.
Country-by-Country Reporting (CbC Reporting) is one of the four minimum standards of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project to which over all countries have committed, covering the tax residence jurisdictions of nearly all multinational enterprises (MNE). We would like to talk on different challenges like different tax rules, Manual processes, decentralized information and Lack of integration while implementing CbC Reporting. Using TRCS – CbC Reporting, customers were able to provide an annual return detailing key elements of the financial statements by jurisdiction. The report provides local tax authorities visibility to revenue, income, tax paid and accrued, employment, capital, retained earnings, tangible assets and activities. By the end of this session attendees will learn: • Setting the CbCR Parent Entity • CbC Reporting Data Entry Tables • CbC Reporting Summary • Filing CbC Reports • CbCR Risk Assessment Dashboards • Reviewing CbCR Data Status • Validating and Submitting CbC Reports Notes for Review – We want to generate awareness about TRCS – how powerful it is to meet all tax reporting requirements. As we know organizations are facing many challenges like different tax rules, Manual processes, decentralized information and Lack of integration and TRCS can address all these.