Revision History

This document will continue to evolve as existing sections change and new information is added. All updates are logged below, with the most recent updates at the top.

Date

What's Changed

Notes

28 APR 2017

Initial Document Creation

Oracle Tax Reporting Cloud, May Update

This document outlines the announcements in the upcoming Oracle Tax Reporting Cloud update.

Announcements and New Features

Monthly Update Schedule

We would like to inform you of the upcoming monthly update for your Oracle Cloud environments. We will apply the latest updates to your test environment on Friday, May 5, 2017 and to your production environment on Friday, May 19, 2017. The update will be applied during your normal daily maintenance window.

The Oracle Help Center , which provides access to updated documentation, will also be available on May 5, 2017.

Enhanced User Experience

This release introduces enhancements to the User Interface that provide a more intuitive and improved user experience, in particular when using Task Lists, Close Manager, and Supplemental Data Manager, and common use of a filter bar across multiple EPM Cloud services. These changes are intended to provide you with quick, easy access.

New EPM Automate Utility Version

A new version of the EPM Automate Utility is available with this update. This version includes the following commands:

You must install this version of the utility to use the new command. See these sections in Working with EPM Automate for Oracle Enterprise Performance Management Cloud:

Support for Close Management and Supplemental Data Management Extensions

Smart View now supports working directly with Close Manager tasks and schedules, as well as supplemental data. Users can view a list of their current tasks and submit and approve them from Smart View. To accomplish this, you install two new Smart View extensions, Close Management and Supplemental Data.

From the Downloads page of your service, install the Smart View Extension for Close and Supplemental Data Management. The two extensions are installed from this single installer. After installation, when you open Excel, you will see new ribbons labeled Close Tasks and Supplemental Data.

See Working with Oracle Tax Reporting Cloud for information on using these extensions. For instructions on installing the extensions, see Getting Started with Oracle Tax Reporting Cloud.

Enable Close Manager Integrations on Cloud

You can enable tasks to include integrations with external applications. Pre-built integrations are now provided for external applications. You can enable integrations from the Manage Applications feature as needed. See the Oracle Tax Reporting Cloud Administrator’s Guide.

New Simplified Dimension Editor

The new Simplified dimension editor displays dimensions and members in a grid format. With the grid format, dimensions and members are editable on a single page. You can edit member properties directly on the grid and you can perform ad hoc operations such as zooming in, zooming out, keep selected, remove selected, and freeze.

To access the Simplified dimension editor:

For more information, see “Working with Dimensions in the Simplified Dimension Editor” in Oracle Tax Reporting Cloud Administrator’s Guide.

Deferred Tax Not Recognized (DTNR) for IFRS

For IFRS reporting standards only, Oracle Tax Reporting Cloud provides the ability to assign a portion of tax as Deferred Tax Not Recognized (DTNR) for National taxes. This option does not apply to Regional taxes.

The DTNR form includes the deferred tax amount before DTNR and a rollforward of the adjusted amounts. The impact of the DTNR rollforward can be seen in the Deferred Tax Post DTNR tab.

The Consolidated ETR and National ETR schedules have been modified to include the “DTNR Current Year P&L Total” under Deferred Tax Expense Total so that the total derecognized portion of tax is shown as deducted. The existing TAR schedule now contains deferred tax not recognized P&L and non-P&L rows to show the derecognized amount.

See the section, “Working with the National Current Provision Form” in the Oracle Tax Reporting Cloud Administrator’s Guide.

Close Manager Task Actions

The Task Actions dialog has been enhanced. See the Working with Oracle Tax Reporting Guide.

Improved Supplemental Data Manager User Experience

Supplemental Data Manager usability has been improved. A new dashboard that allows you to filter and display Datasets has been added. You can also select and sort columns, view summary totals, and save and restore lists. In addition, data entry forms have been enhanced and a Workflow list has been added. See the Working with Oracle Tax Reporting Cloud Guide.

Removal of Support

Financial Reporting Studio Desktop Client

Oracle is committed to providing a simple and intuitive user experience. To achieve this, Financial Reporting Web Studio, available since March 2016, will become the only environment for designing and building reports.

Oracle is providing additional time for users to transition from Financial Reporting Desktop Studio to Financial Reporting Web Studio.  Tentative plans call for functional parity between Financial Reporting Web Studio and Financial Reporting Desktop Studio in late 2017, at which time, support for the desktop Studio will transition to the Web Studio and distribution of the Desktop Studio will cease.

Oracle recommends that you transition to using Financial Reporting Web Studio at the earliest opportunity. Please send questions and concerns to Oracle using the Provide Feedback option in the service .

File-Based Integration of Data Management with Oracle Fusion Financials Cloud

Oracle Fusion Financial Cloud Budgetary Control and Encumbrance Accounting is now fully integrated with Data Management.

This enhancement brings the integration of Oracle Fusion Financials Cloud with Oracle Enterprise Performance Management Cloud on par with the current file-based integration. As a result, the file-based integration will be phased out starting the September update to the service.

If you are using file-based integration between Oracle Fusion Financials Cloud and Oracle Enterprise Performance Management Cloud, Oracle recommends that you adopt this new integration as soon as possible.

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