Академический Документы
Профессиональный Документы
Культура Документы
November 2009
Table of Contents
Overview of Financial Consolidation
Why HFM? EPMA vs. Classical Comparison Classic HFM Overview EPMA Overview Financial Consolidation Using HFM Building Application Running Consolidation Viewing Results Appendices Appendix A: Access control through Shared Services Appendix B: Starting HFM(checklist) Appendix C: HFM Resources
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Financial Consolidation
Financial consolidation and reporting is the process of aggregating an organization's financial performance across its businesses to provide the consolidated view, dealing with accounting challenges as currency translation, revaluation, intercompany eliminations and minority interests.
After Consolidation , the consolidated results are available at every level of hierarchy in the organization. These results enable mangers to take better decision at each and every level of Organization.
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Why HFM?
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Why HFM?
Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. Oracle Hyperion Financial Management utilizes today's most advanced technology, yet is built to be owned and maintained by the enterprise's finance team. Key Features Key Benefits Compliance with multi-GAAP, IFRS and local statutory reporting requirements Complete audit trails, workflow, internal review, validations and controls "Smart dimensions" to identify and report new sources of profitability and cash flows Powerful reporting and analysis tools built for use by end-users; Support for MS- Office Full integration with transaction systems, legacy applications and ERP systems Architected for the web so users can quickly, easily and securely input and access Global financial information from any location, using a standard web browser Improved close cycle times and reduced costs Spend more time on forward-looking activities and less time checking and doublechecking actual results Reduce the cost of compliance and increase confidence in the numbers by reducing the control risks Fast time to benefit - packaged financial intelligence ensures a requirement for less customization to implement Leverages existing investment in ERP systems; no changes to underlying transaction systems - cost and effort can be minimized Finance owned - no requirement for IT to administer the system
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Classic Disadvantages Development will not focus as much attention on Legacy as on EPMA. Hyperion sees EPMA as the future so we can expect less focus on the legacy HFM administration in the future in the way of new features. This has already been seen with 11.1 and Calculation Manager.
EPMA Disadvantages Instability. As of 11.1, this product is essentially a Version 2 product. So, expect some buggy behavior. In the field there has been more instability seen with Planning than there has been with HFM.
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Open Application
Click Here
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Click Here
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After connecting to the server , list of all available application will be listed. Select the application and then Click on the Open Application to open it.
Click Here
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All options are available in the left panel. -Data -Journal -Reports -Application( Manage Metadata) -Load -Extract
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Create Profile Load Metadata Load Data Load Rules (if available/ required) Load Journals /Security files (if available/ required)
These topics will be covered in detail in the Financial Consolidation Using HFM section under the Building Application subsection.
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EPMA Overview
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EPMA Overview
Oracle Hyperion EPM Architect is a feature of Oracle Hyperion Financial Management, Oracle Hyperion Planning and Oracle Hyperion Profitability and Cost Management. Performance Management Architect enables administrators to manage, create, and deploy Hyperion applications within one interface. Creation and deployment: Create applications by dragging and dropping Design applications graphically, within one environment Configure dimensions and define properties from predefined, sample libraries Create filters to select specified members of a dimension. For example, select the Balance Sheet accounts of the Account dimension. This enables you to have one dimension to maintain but not use the full dimension in all applications. Duplicate applications for testing or what-if analyses Upgrade applications from previous releases to place them in the Dimension Library and Application Library. This ensures that you are ready to get started with the functionality within Performance Management Architect The following components make up EPMA. These components are accessed via the Workspace from the Navigate, Administer menu. Dimension Library Contains dimensions and associated members that are either shared (available for all applications) or local (unique to a specific application). Application Library Contains and defines applications for the various products in the Hyperion suite. Data Synchronization Defines and controls syncing of data from one application to another, including dimension to dimension linking and member mapping. Note: Application Upgrade component is also there. It converts a classic application into an EPMA application ( To be used only once per application)
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Workspace: Login
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Entering Workspace
This is first page after logging into workspace. Here all recently opened workspace is listed. From File menu or Favorites user can go to specific projects.
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Opening Application
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Application library contains stores all the application created deployed by the users..
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Dimension Library
Contains all dimensions for selected application or available in shared library. A dimension can also be local to specific application.
Shared Library contains all the library which are shared across all application.
Dimensions describe an organizations data and usually contain groups of related members. Examples of dimensions are Account, Entity, and Period. Financial Management supplies eight system-defined dimensions and enables you to populate up to four custom dimensions that you can apply to accounts. Dimension members are arranged in hierarchies. Upper-level members are called parent members, and a member immediately below a parent member is referred to as the child of a parent member. All members below a parent are referred to as descendants. The bottom-level hierarchy members are called base-level members.
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Create Profile Load Metadata Load Data Load Rules (if available/ required) Load Journals /Security files (if available/ required)
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User can create profile from the Define Application profile as shown here.
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If the Organization financial cycle is starts from April , user can start the months by April instead of Jan.
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Edit Frequencies
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Edit period
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Save Profile
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Manage Metadata
Here user can load the Meta data into the system. Manage Metadata->Open File->select .xml or .app file for your application
Managing metadata consists of mainly two work. First one is creating account/entity structure for the organization and second is to configure them according to requirement.
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The selected Metadata item will be shown in Tree view by default. Other option is list view next to it. On right side, properties corresponding to selected item will be displayed
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A sample account structure is shown here. User can add new account here . User can change account settings in right panel or go to List view for changing property.
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A sample account structure is shown here. User can add new account here by clicking at icon as shown in the figure. User can add child or sibling as required.
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Here application settings are shown . User can modify the settings as per requirement.
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Here all consolidation methods are shown. These are default consolidation methods provided by the system.
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Entity Structure is shown here . In List view one can see and change entity properties.
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Here various scenario is shown. These scenario can be created or loaded to the system . Once loaded their property can be changed from here.
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Load Options
The left panel shows various load option available . These option help user to fulfill the requirement faster.
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Load Data
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Here user can load the journal file into the system.
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Load Rules
User can load rules from here to the system. These rule will be used while doing the consolidation.
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Extract Options
The left panel shows various extract option available . These option help user to maintain various version of application related files.
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Extract Metadata
Here user can extract the loaded metadata. This gives user option to store various version of metadata for security reasons.
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Extract Data
Here user can extract the loaded data. This gives user option to analyze the data available in the system.
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What next?
Now Running the application is continued from EPMA. User need to register the classic Application as shown in the figure.
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2.
Accept all defaults at the Map Properties page and select Finish
Select Yes to the popup asking Do you want to execute the profile now
Navigate to the Job Console to review status of the Import process. Once complete proceed to step 3 (you can also view if dimensions are loaded by refreshing the Dimension Library) From the Dimension Library select File-New - Application Select Create blank application option Name Simple Type Consolidation
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3.
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Select the application name in the main pane select the Category(Consolidation) on the Property Pane Set the following Properties (note you need to save properties by selecting the disk icon on the property tab)
Default Currency: USD Security For Entities, Security For Scenarios: Select Node Security: Entity Default Rate for Balance Accounts: Rate1 Default Rate for Flow Accounts: Rate2 Use PVA for Flow Accounts: Select
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Navigate to Application Library Select the Simple app and right click
Validate will ensure all settings are correct before deploying Deploy will create the application on the HFM application server
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13.
Use DemoJournals.jlf located in Journals directory Ensure that period is open before loading the journal . This can done through manage period tab under Journal.
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Consolidate System
The Data loaded can be consolidated using the Process Control screen. Make sure you change the Scenario and Year before consolidating the above periods.
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Data Preparation
Currency Translation
Journal Entry
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Data Preparation
Scenario; Year; Period ;view; entity; value; account; icp; custom1; custom2; custom3; custom4;value Below is sample data has been prepared in the required format . The first ACTUAL scenario here. Similarly Year is 2006 and Period is December ,view is YTD and so on.
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Data Preparation
Currency Translation
Journal Entry
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Here , one can see that IsConsolidated is marked for most of the accounts meaning they will be used while cosolidation. Accounts like GrossProfit is not marked IsConsolidated because it is a drived account. And It will be calculated based on values of other accounts. The formula of calculation of derived accounts will be written in business rule sub routines. Such accounts will be marked IsCalculated.
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While consolidation, all calculation related formula will be picked up from Sub calculate routine in the rule file. Here one can see that formula for account like
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For doing consolidation, the user need to go to the Task->Data Task->Process Control option. Following screen appears as per selected scenario , period and entity. User need to change point of view according to its need. The arrow shows button for consolidation.
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For doing consolidation, the user need to select the entity and then click on Consolidate option as shown in the figure. The system will start consolidation for the selected entity.
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Here top level entity ABC Ltd has been consolidated with all its descendents. Note that after successful consolidation the Calc Status is changed to OK. The ECA status is related to journal entry and res flag shows that some journal entries present but not consolidated due to some criteria not met while doing the consolidation.
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Data Preparation
Currency Translation
Journal Entry
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Currency Translation For currency Translation entry should be given in the data file. Here the entries are done according to standard data load pattern which is Scenario; Year; Period ;view; entity; value; account; icp; custom1; custom2; custom3; custom4;value
Here Rate1 and Rate2 as account are being used for translating USD to INR at rate I USD=50 INR. USD and INR entry is done as custom1 and Custom2 accounts for currency translation. The System automatically does the translation.
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Currency translation
For viewing the currency Translation got to , In mange documents-> New data grid. In setting point of view (POV) currency tab select <Entity Currency> to see the currency entries in the grid. Here one can see that last two entries 476 and 577 are in USD and add to 1053 but the total figure of 60,402 has come after currency translation using 1 USD=50 INR.
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Data Preparation
Currency Translation
Journal Entry
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Journal Entry
For journal Entry : Go to Tasks and then click on Journal Task. Click on process Journals. Screen as shown in right will come. Click on New to do new Journal entry or click on open to modify existing journal entry . Note : For doing any Journal entry , the corresponding period should be open. One can open the period from Manage periods.
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Journal Entry
When user clicks on New , following page will come. The system gives option to create Single entry journal or template based. Type can be decided as per requirement. Click on Ok after choosing the options . This will lead the user to journal entry page.
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Journal Entry
This is journal entry page . User can give detail here. Balance Type shows type of Journal is balance or not. For balance journal Final addition of all changes related to journal should effect overall value of entity.
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Journal Entry
Click below the Account to create new entry. Place the curser there and then click on Pick members .It will give option to select the account. User can manually enter the debit or credit amount. Variance is being calculated to show the net effect on the system once the journal gets approved and posted.
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Journal Entry
After giving Journal Details. Give a unique Label to the journal and then save it. After saving the journal now it can be processed. Click on the Process Tab . It gives user the option to Submit ,Approve and Post the Journal.
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Data Preparation
Currency Translation
Journal Entry
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Rest of the steps are similar to the journal entry. First user need to go in task and then click on IC transaction tasks.
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Once user Clicks on IC transaction Tasks, below option related to IC transaction are displayed. User need to Click on Process IC Transaction. The page shown will be displayed.
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Here various option related to Inter Company Partner (ICP) Transaction task is displayed. To post any IC transaction , the corresponding period should be open .This can be achieved through Manage IC Periods option shown above. For getting , modifying the reason for IC transaction , user need to click on Manage IC Reason codes. Rest all steps are similar to journal entry.
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Consolidation Results
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After Account Structure, Metadata has been created and data has been loaded for various entities, following basic steps are required to be done for doing the consolidation process. Step1: Login to Web Client. Open the desired project or application and go to the Tab Administration. Click on Manage Documents .
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Step 2:After User clicks on Manage documents following screen comes. Click on Data Grids tab and then on New Data Grid
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Step 3:After User clicks on Data Grids tab and then on New Data Grid following screen comes. On the top default point of view is shown. User needs to change the point of view to see desired consolidated results.
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Step 3:After User changes the point of view, user need to click on grid settings option to set result format. Right now, the Row dimension is set to entity and column dimension is set to Period. This will show entity wise consolidation. To see account wise consolidation user need to change row dimension to Account.
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Step 4: To see account wise consolidation user need to change row dimension to Account. As shown above. If User want to see both entity and account wise consolidation simultaneously then user need to add both Entity and Account to the row or column dimension . If User want to see year wise consolidation then the Column dimension need to be changed to Year rather than Period.
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Step 5: After Point of View setting and grid setting has been done HFM will automatically populate the grid based on data and consolidation Settings. Here account level consolidation is shown for Patna branch office for the period December ,2006 for the view YTD and scenario Actual.
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Consolidation Results
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Following basic steps are required to be done for doing the consolidation process. Step1: Login to Web Client. Open the desired project or application and go to the Tab Administration. Click on Manage Documents .
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Click
Step 2:After User clicks on Manage documents following screen comes. Click on Reporting tab next to Data Grid
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Step 3:After User clicks on Reporting tab next to Data Grid , following screen will come. Step 4: Select the report type. Here Report type is Inter company. User can change it according to the requirement.
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User have various option for generating the report. They are Intercompany ,Journal ,IC Transactions reports. File type by default is Report Definition file .It can be changed to XML and HTML if required.
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Fill the report details. Basically mention the entity , period , accounts and other relevant data for the required report . Save it. Click on print/preview tab to view it.
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A sample report generated is shown here. The data filled by user for generating the report is shown in upper part and lower part is the report generated by the system.
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Consolidation Results
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Customized reports can be generated via Financial reporting Studio . User can start reporting Studio as shown here.
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After user starts the Reporting Studio, it prompts for login/password .After valid login Reporting Studio will open following default page. Here user can mange all the report he/she will make. User can create folder here for specific use. For example POC Reports folder is created and rest folders were system generated.
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For creating new report , Go to file ->New->Report. It will open the reporting canvas for making the report.
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Click on Insert tab and then on Grid. Grid will ask for database connection. Valid connection will able user to use the account or entities made in HFM for generating Custom Reports. Provide proper connection settings and click OK to proceed further.
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After successful Database connection , system will show a grid for selecting the row and column dimensions. Here row dimension is Account and Column dimension is set to period .
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After user has specified the grid setting , system automatically generate a empty grid as shown above. Now user can select Account by clicking as shown here and user can change Scenario , year view etc.
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After user clicks on Account or other tabs, the system prompts for selecting members for generating reports. User can customize the required report from choosing various option here.
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After user have made customized report it can be saved in root folder or user created folder as shown above.
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Print preview
After user have Save the report in the Folder it can be open by clicking from there. User can click on print preview as shown above to see the report.
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Shared Service
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Application Groups
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Provisioning Users
Provisioning Users will give respective user proper access to the system components.
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Access to projects
User
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Starting HFM
Make sure LAN is connected , while staring computer and starting HFM. Switch off the anti-virus while starting HFM. On Staring of computer , by default all services related to HFM should be up except the annotation and agent service. Start Agent service manually. Annotation service is not required. After Agent service is up launch the Weblogic server . For launching Workspace URL successfully , the Weblogic server is not required. But when you login, for validation the Weblogic server should be up and running.
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HFM Resources
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