1 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
2 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
The Last Mile:
Update on Financial Close and Disclosure Management
Jim Springer
Principal Solutions Consultant
3 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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.
4 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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. Confidential – Oracle Restricted 6
Financial Close Management
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
Financial Close Management
• 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
11 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Confidential – Oracle Restricted
Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Confidential – Oracle Restricted 12
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
Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Confidential – Oracle Restricted 13
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
Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Confidential – Oracle Restricted 14
Disclosure Management
16 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
Disclosure Management
17 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
18 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Oracle Hyperion Disclosure Management Statutory Reporting Made Simple
• Microsoft Office for authoring
19 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Oracle Hyperion Disclosure Management Statutory Reporting Made Simple
• Direct integration with Enterprise Performance Mgmt Apps
A smart slice function grid with data source-level mapping
20 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Oracle Hyperion Disclosure Management Statutory Reporting Made Simple
• Direct integration with Enterprise Performance Mgmt Apps
Essbase Financial
Management Planning
Reporting and
Analysis repository
Supports data source mappings in
Word and Excel
21 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Oracle Hyperion Disclosure Management Statutory Reporting Made Simple
• XBRL taxonomy development and
management
– Full SEC extension taxonomy creation
– Built-in XBRL validation
– Support for multiple taxonomies
– Excel export capabilities
22 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal 22
Oracle Confidential
Report Manager
23 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
24 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
25 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal 25
Oracle Confidential
Mapping Tool UI
26 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Mapping Tool
• Export button on Review tab
• Produce 3 different review types:
– Detailed Mapping Review (Tag Report)
– Duplicate Mappings Review
– Negative Values Review
27 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Mapping Reviews
• XBRL Audit Report for Tagging Review
– Improve data quality with detailed mapping, duplicate value and
negative value reviews
28 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
29 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal 29
Oracle Confidential
Output Formats
30 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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)
31 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
32 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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
33 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
EDGAR HTML
• EDGAR HTML validation
– Ensure your HTML meets SEC EDGAR Filer Manual requirements
34 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
EDGAR HTML
• EDGAR HTML generation
– Publish and preview your DM report into EDGAR HTML
– Generates a .zip file with the HTML + graphics
35 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
PDF Output
• PDF generation
– Publish your DM report into PDF
36 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal 36
Oracle Confidential
Variables
37 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Disclosure Management 11.1.2.2.300
• Variables
– Manage common text, numbers across your report
38 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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)
39 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Cross-footing
1) Create your reference variables
40 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Cross-footing
1) Create your reference variables
41 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
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’
42 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Cross-footing
4) Create an Excel formula that compares the variables
43 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Cross-footing
5) Click evaluate when ready
6) See validation results!
44 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Table of Contents
• Use reference variables to automate your TOC
45 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Table of Contents
• Use reference variables to automate your TOC
Reference variables:
Crossrefs with hyperlinks or just Hyperlinks
46 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Table of Contents
• Use reference variables to automate your TOC
Reference variables:
Pagerefs with hyperlinks or just Hyperlinks
47 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Table of Contents
• Use reference variables to automate your TOC
48 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Q&A
49 Copyright © 2012, Oracle and/or its affiliates. All rights
reserved.
Confidential – Oracle Internal
Top Related