What is a common method for importing data into FCC?

The correct choice involves importing data into Oracle Financial Consolidation and Close (FCC) via predefined templates and data maps. This method is common because it provides a structured and consistent approach to data entry, enabling users to ensure that the data is formatted correctly and aligned with the system's requirements. Predefined templates simplify the process by offering a defined format that users can fill out, reducing the likelihood of errors and saving time during the data import process.

Additionally, data maps are essential as they establish the relationships between the incoming data and the FCC system's dimensions, allowing for proper categorization and integration of financial information. This streamlining of the data import process helps organizations maintain data integrity and consistency, which is vital for accurate financial reporting and consolidation.

In contrast, other methods such as unstructured data sources or relying solely on third-party software do not offer the same level of reliability and efficiency, as they can lead to confusion and inconsistencies in data management. Typing data directly into the system can be prone to human error and is not practical for large data sets. Thus, using predefined templates and data maps remains the most effective and commonly employed method for data import into FCC.