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Case study 05 Portfolio knowledge project

FCCS Consolidation & Close Process

A consolidation operating model covering entity hierarchy, ownership logic, eliminations, adjustments, and a repeatable FCCS close that connects to Fusion source close quality.

Knowledge / portfolio case study only. Not employment history or named client work.

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Objective

Design a consolidation and close process that produces reliable group results — with clear ownership logic, elimination discipline, and a calendar finance can run every period.

Entity & ownership design

  • Entity hierarchy aligned to statutory and management consolidation needs
  • Ownership / NCI considerations documented at a process level
  • Data readiness criteria from Fusion GL / subledgers into FCCS
  • Local close vs consolidation adjustment vs group reporting gates separated clearly

Consolidation close process

  1. 01
    Source readiness Confirm Fusion period quality and load completeness.
  2. 02
    Validate & translate Review entity data, FX / translation checkpoints where applicable.
  3. 03
    Eliminations & ownership Run and review elimination / ownership results.
  4. 04
    Adjustments Controlled journals with approval and audit trail expectations.
  5. 05
    Group review Variance analysis and lock steps before narrative packaging.

Eliminations checklist

  • Intercompany balance confirmation against source close outputs
  • Unresolved intercompany aging and escalation
  • Investment / equity elimination readiness notes
  • Post-elimination validation views for controllers

Controls & risks

  • No consolidation lock while critical source entities remain incomplete
  • Adjustment journals require preparer / reviewer separation
  • Risk: treating FCCS as a dump of local books — mitigated by readiness gates
  • Risk: late eliminations — mitigated by calendar checkpoints tied to Case Study 03

Oracle modules in focus

FCCS Consolidation Eliminations Ownership Journals & Adjustments Close Manager tasks

Deliverables

Entity hierarchy design Ownership process notes Elimination checklist Consolidation calendar Source-to-FCCS bridge Adjustment policy draft

Outcomes

  • A consolidation narrative that demonstrates group close literacy
  • Checklists connecting Fusion close quality to consolidated outcomes
  • Foundation for ARCS and Narrative Reporting storytelling
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