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Focal Point    Focal Point Forums  Hop To Forum Categories  WebFOCUS/FOCUS Forum on Focal Point     [Sharing] What's Different about Financial Reporting

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[Sharing] What's Different about Financial Reporting
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Efrem
Platinum Member
posted
Let's start at the very beginning. What is financial reporting all about and why is it any different from sales and marketing reporting or manufacturing reporting? Well, financial reporting deals with the production of specific types of reports. Income statements, balance sheets and cash flows are types of reports typically involved in a financial reporting process.

In a sales and marketing report, a developer would lay out the columns to appear on the report. The rows would be printed in the sort order of the report. But in a financial report, the developer would not only lay out the columns but also the specific rows and order of rows that are to appear on the report. The rows reported on within a financial report, such as a balance sheet or income statement, are called general ledger accounts. The columns of the report could be Time Periods, Actual Dollars, Planned Dollars, or Forecast Dollars. I will cover planning and forecasting in a future article.

Click the link to read more...
 
Posts: 229 | Location: New York | Registered: July 27, 2004Report This Post
Darryl Maraj
Member
posted Hide Post
Hi Efrem,

I tried to click on this article but it no longer exist, probably because it's from almost 6 years ago. Do you have any new or updated reference material?


WebFOCUS 8.105
Windows/Server 2008 R2
HTML, Excel
 
Posts: 17 | Registered: May 21, 2014Report This Post
jcannavo
Platinum Member
posted Hide Post
Hi Darryl,

Looks like it was just an IBI newsletter, it interested me a bit so I tried to find it as well and nothing. I'm guessing though that since it was almost 6 years ago it's probably of little use today anyway. Just google "information builders what's different about financial reporting" and you'll find a couple of things. I know in the past any information about FML we've received direct from IBI.


JC
WebFOCUS Dev Studio / App Studio
8.2.01
Windows 7
 
Posts: 146 | Registered: November 09, 2015Report This Post
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