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 ORACLE FUSION FINANCIAL

REPORTING CENTER: PART 1
 Published on August 20, 2015
Surinder Singh
Manager-Consulting at Deloitte India
6 articles Follow

Dear Readers, in this Fusion Financial Reporting Center-Part 1 article, we will understand all
about Fusion Financial Reporting Center and will learn about why this is required and what key
benefits are and how to access these reports. We will also touch on how to configure and install
the components in Financial Reporting Center in subsequent parts. Remember that Oracle Fusion
Financial Reporting Center is a powerful tool for accessing, designing, and presenting financial
reports and analytic data in Fusion Applications.

Why this is required?

Oracle Fusion Financial Reporting Center provides functionality for reporting on Oracle Fusion
General Ledger balances and provides secure, self-service access to reports that use real time
account information. A user can design traditional financial report formats such as balance
sheets, profit and loss statements, and cash flow reports. Also one can design nontraditional
formats for financial or analytic data that include text and graphics. Financial Reporting Center is
a point of entry to General Ledger balances financial reporting functions and provides integrated
access to both live and prepublished reports andbooks, which are collections of reports. A user
can view:

 Prepublishedsnapshot reportsfor point-in-time reporting

 Multiple output formats
 Live financial statements
The Financial Reporting Center also facilitates efficient, secure distribution of reports to
authorized individuals. One can perform multidimensional analysis and drill down from any of
the live reports. A user can choose to review reports in their preferred format such as, HTML,
PDF, or Microsoft Excel. The Financial Reports functionality includes:

 Running live reports and books in various formats

 Viewing published snapshot reports and books from previously defined
and scheduled batches in various formats
 Creating embedded charts and graphs
  Refreshing report data using runtime points of view or parameters
 Expanding or drilling down from any parent value to the next parent or
child value
 Expanding or drilling down from any child value to detail balances,
journal lines, and subledger transactions
 Building multidimensional reports, with multiple hierarchies, using a
client based tool, Oracle Hyperion Financial Reporting Studio, Fusion
Edition
 Distributing reports automatically across your organization using e-
mail or other distribution mechanisms
 Storing reports in a repository folder structure, using various formats,
including PDF, HTML, and spreadsheets 

How Fusion Financial Reporting Center works

Financial Reporting Center uses an object-oriented graphical report layout. Whether a user have
little or advanced experience using an object-oriented graphical program, it is easy to design
reports. Also one can use report objects, such as text boxes, grids, images, and charts, to design
required reports and can use the same report objects in multiple reports like we use FSG
components in EBS R12.

Oracle Fusion Financial Reporting Center provides functionality for reporting on Oracle Fusion
General Ledger balances and provides secure, self-service access to reports that use real time
account information. Fusion Edition (Oracle Hyperion Financial Reporting) is a powerful tool to
design and presents analytic data graphically and one can design traditional financial report
formats such as cash management reports, profit and loss statements, and balance sheets. A user
can also design nontraditional formats for financial or analytic data that include text and
graphics. 

Comparison and benefits of Fusion Financial Reporting Center over R12

Below are the EBS R12 Reporting drawbacks -

 Financial reports are difficult and time consuming to prepare, defining

financial reports is too technical or difficult for an end user.
 Charts and graphs are usually created outside of the reporting tool and
re-assembled with report content for presentation.
 Report output needs to be presented in different formats for various
reporting purposes.  Users often manually convert the report output to
the appropriate format.
  Drilldown from the report is not possible when viewing amounts in a
report. User must go back to the system and manually query up the
balance and supporting journals and subledger data. 

Features of Fusion Financial Reporting Center

 Intuitive, graphical user interface for defining reports; includes many

pre-configured report functions. Advanced formatting and formulas
offer powerful multidimensional reporting.
 Dynamic charts and graphs options are available.
 Report output available in MS Excel, MS Word, Acrobat PDF, XML,
XBRL, MS PowerPoints.
 Drilldown from amounts in financial report to live data in the system is
possible. 

Benefits of Fusion Financial Reporting Center

 Increase user productivity by enabling users to easily define reports

without too much technical knowledge.
 Increase visibility to information with charts and graphs that are
embedded directly in the report and helps in quick management
decision.
 Increase user productivity by having the system generate report output
in the desired format.
 Gain visibility into detailed information easily and efficiently by simply
drilling on parent level account balances to lower level balances, and
even to underlying journals and subledger details to view the details
that make up the balances.

Hyperion Overlap and details of Financial Reporting Center

Oracle Hyperion Financial Reporting Studio is client-based software tool used for authoring
financial reports. Oracle Hyperion Financial Reporting Studio, Fusion Edition enables report
authors to use an object-oriented graphical report layout with report objects, such as text boxes,
grids, images, and charts, to design reports. Financial Reporting Studio supports the following
functionality:

 Client based report definition tool.

 Object based reporting and objects are reusable across multiple reports.
  Drag and drop report grids.
 Insert additional report objects such as text boxes, images, and charts.
 Drag and drop dimensions to the report grid and each dimension can
only be in one location on report: Row, column, page, or Point of View
(POV)
 Insert rows and columns including data, formula, and text.
 Select dimension member using member selection or functions.
 Add calculations or mathematical functions.

Financial Reporting Center is comprised of numerous components and

below is brief details of components-

 Financial Reporting: Financial users and analysts access live reports

andpublished snapshot reports and books from previously scheduled
batches in a variety of formats. Other functions includes following
capabilities:

 Refresh report data using runtime points of viewer parameter

 Drill down to detail balances, journal lines, and subledger
transactions
 Oracle Hyperion Smart View:Financial analysts view, import,
manipulate, distribute, and share data from your Oracle Fusion General
Ledger balances in Microsoft Excel.
 Refresh report data using runtimepoints of viewor parameters
 Drill through from parents to other parents
 Drill down to detail balances, journal lines, and subledger
transactions
 Account Monitor and Account Inspector:Financial analysts monitor
and track key account balances in real time at every level of your
dimensions and hierarchies. These tools provide multidimensional
account analysis and drill down capability.
 Workspace:Reporting administrators:
 Create, open, save, and delete folders
 Store report objects, reports, and snapshot reports
  Oracle Hyperion Financial Reporting Studio:Report authors use an
object-oriented graphical report layout with report objects, such as text
boxes, grids, images, and charts, to design reports.
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Surinder Singh
Manager-Consulting at Deloitte India
Published • 5y
6 articlesFollow
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2 CommentsComments on Surinder Singh’s article
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Vikas Handa out of network3rd+Director at QvikSoft Pte. Ltd.

3y
Hi Surinder, Nice article thanks

I am facing one issue. I can generate the report in FRS but it is not showing totals for parent account. I am not
sure how aggregate process is runin Fusion. Can you please avise.

Regards,

Vikas Handa
…see more
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Reply1 Reply1 Comment on Vikas Handa’s comment

Ramaswamy V Krishnamurti out of network3rd+ERP Enterprise Architect at AAIS Global

2mo
Hello, I have a couple of questions. One, can I bring Journal Source / Category information in FRS? Two, I
read about a concept called Forcing where I can bring Excel Data to FRS Reports. Not sure how it is done.
Finally, how do I download these reports in Excel?
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Surinder Singh
Manager-Consulting at Deloitte India
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