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Oracle FCCS has introduced a new "organisation by period" ownership engine, a significant enhancement allowing for more accurate and flexible financial consolidation. This updated feature addresses the limitations of previous versions by enabling users to define ownership percentages that can change within a reporting period, rather than only at the period's start. The sources highlight benefits such as increased accuracy, improved flexibility in handling mid-period ownership changes like acquisitions and divestitures, and enhanced auditability. Ultimately, this development streamlines the management of complex ownership structures, leading to more reliable financial reporting and analysis for FCCS customers.

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Exporting YTD Data from FCC to TRC for Seamless Tax Reporting.

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Unlocking Seamless Tax Reporting: The Power of Oracle FCCS and TRC Alignment.

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