Financial Reporting Web Studio, a component available since the 11.1.2.4.701 release, will be established as the only tool for designing and building reports. As a result, Financial Reporting Studio desktop client support will be fully transitioned to Financial Reporting Web Studio, tentatively in mid-2017. With a planned mid-2017 update, Financial Reporting Studio desktop client is planned to no longer be distributed.
Starting with the 11.1.2.4.704 release, Financial Reporting Web Studio will achieve functional parity with most of the capabilities provided with Financial Reporting Studio desktop client