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Create / Construct import formats, locations, period mappings, and category mappings/ Run the setup wizard for the FCC business process
Create / Construct journal, intercompany, and consolidation reports/ Set Up the Financial Consolidation and Close Business Process
Configure / Build system setting profiles, set up source systems, register target applications/ Financial Consolidation and Close Overview
Create / Construct consolidation adjustments with Configurable Consolidation Rules/ Describe / Outline Financial Consolidation and Close features
Add and edit members using the Simplified Dimension Editor/ Add users and assign security roles
Configure / Build statutory consolidations using Ownership Management and Consolidation Methods/ Describe / Outline the Account, Entity, and Scenario / Plot dimensions
Create / Construct custom consolidation calculations with Configurable Calculations and On Demand Rules/ Create / Construct member mappings and Define / illustrate data load rules
Integrate / Conform Data from Source Systems Using Data Management/ Enter exchange rates and historical override rates and amounts
Customize the translation process using translation rules and custom rate accounts/ Configure / Build the default translation method and default rate accounts
Build Out Your Financial Consolidation and Close Solution/ Explain / Clarify the consolidation process (translate, eliminate, consolidate) and closing balance calculation
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