The Financial Reporting Center basically offers the state-of-the-art reporting with analytical capabilities, helps you to generate reports from the Oracle Journal Ledger Balances Cube for consistent, timely, and accurate information, and also performs multi-dimensional analysis and enables you to drill down to journal details and to both Oracle and Oracle subledger transactions as well, so which means once the balances have been posted, you had the flexibility to access the balances by submitting various reports.
Then also helps you to retrieve results from the report objects and definitions that are stored in the Enterprise Performance Management System workspace. And you can access those reports under the BI catalog.
The Financial Reporting Center basically includes the access to different type of reports, including financial reports. These are those records that are designed by using a tool called Oracle Financial Reporting Studio. Oracle Financial Reporting Studio basically helps you to design fixed format financial reports that are fetching the data from the balances cube directly.
Account Group and Sunburst
Account Group and Sunburst are tools used to enter key accounts which should always be under watch. When a user creates an account group, it becomes visible in the Financial Reporting Center. And you can also use the Sunburst visualization tool to keep a track about the activities that are happening within an account. The Sunburst visualization tool enables you to interact with your account balances across various business dimensions in order to view balances from different perspectives.
Smart View
Smart View is a spreadsheet-based, multi-dimensional pivot analysis tool that is combined with the full Microsoft Office functionality. To access the balances from your cloud environment, you must ensure that you have installed the Smart View add-in on your local machine. Otherwise, you will not be able to establish a connection with the cloud environmental.
Smart View enables you to interactively analyze your balances and define reports by using the familiar spreadsheet environment. These queries are mainly for users who are operating within the GL application. And one user can upload a query by using workspace. And then from differential reporting center, another user can download the query to the local drive for utilization. So it's like kind of shared option is also available.
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ReplyDeleteThis blog post provides a concise overview of the Financial Reporting Center. It's a helpful resource for understanding its functions. Thanks for sharing this informative piece.
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