1. Professional Accounting
Managing Global Consolidation
with Localization of
Financial Management
FESA
Website: http://www.fesa-s.com
Email: avesta@flexsystem.com
Last update: 2-Jan-2014
2. Scope of Solutions & Services Mix
LevelofAutomation&Investment
FESA
Query
FESA
Planning
FESA
Financial
FESA
Consol
FESA
Professional
Accounting
FESA
Analyst
Budget Planning & Rolling Forecast
Management Reporting
Regional Financial Management
Group Consolidation & Budgeting
Multinational Financial Management
Analytical Performance Management
FESA Consolidation Series
3. Transaction Voucher Ledger Report
Processing Rules
Data Storage
Query Formulas
Financial & Professional Accounting
Posting Options
4. Financial & Professional Accounting
Financial and Processional Accounting dealt with more scenario,
dimensional, and dynamic views of financial management in both
operational and strategic levels. Some of the following sub-systems
specialized in different areas of extended finance functions are matching
with the current priorities of your organizations:
FESA Job Management
FESA Lease
FESA Payable
FESA Payroll
FESA Receivable
FESA Reconciliation
FESA Reimbursement
FESA Revaluation
FESA Procurement
FESA Treasury
FESA Allocation
FESA Amortization
FESA Billing
FESA Budget Control
FESA Disclosure
FESA Financial Close
FESA Fixed Asset
FESA Incentive
FESA Inter-company
FESA Inventory
Many organizations during the last two decades have been moving from
disconnected systems to centralize ERP systems now reviewing the
current implementations in front of new challenges and new technologies.
5. Financial & Professional Accounting
These add-on sub-systems of Financial & Professional Accounting can be
classified in to three main streams of specialization:
Other Advanced Accounting specialization
• Financial Close
– Revaluation
– Allocation
– Amortization
– Reconciliation
– Disclosure
– And More..
Assets & Liabilities Specialization
• Fixed Asset
• Inventory
• Treasury
– Receivable
– Lease
– Payable
– Payroll
– Incentive
– Inter-company
– And More..
• And More..
Other Business Process Specialization
• Job Management
• Billing
• Procurement
• Budget Control
• Reimbursement
• And More..
7. LiabilityScenarios
Recorded
Liabilities
Plan Obligation
Approved
Budget
Approved PR &
Signed PO
Commitments
Possible
Obligation
Contingent
Liabilities
Uncertain
Settlement
Present
Obligation
Received Goods /
Rendered Services
Determining on
D/N, GRN, PO,
Invoice and/or
Creditor
Statement
Trade Payables
Other Payables
Estimation Accrued Expenses
Financing
Loan
Bank Overdrafts
Bills Payables
Interest Payables
Unrecorded
Liabilities
Discrepancy
Against Creditors
Negative
Liabilities
Duplicated
Settlement
Over
Settlement
Settle Without
Elim Receivables
Relevant Liability Scenarios
Provision
ContractingParties
8. Outflow of
Resources to
Contracting
Parties
Shareholders
Fellow
Subsidiaries
Holdings
Subsidiaries
JVs &
Associates
Key
Management
Employees
Customers
Suppliers
Service
Providers
Banker
Regulatory
Bodies
Multi-face of Contracting Parties
Any of your
creditor may be
changing their
face from time to
time
These creditors
can have different
contractual
relationships with
your group at the
same time
They may have
requested you to
settle liabilities
with different
scenarios over
time
They may deal
with your group
across different
business units and
companies
9. Managing Seven Stages of
Liability Life Cycle
Budgeted
Liabilities
• Approved Budget
Utilizing
Budgeted
Liabilities
• Approved Purchase Requisitions
Committed
Liabilities
• Signed Purchase Orders
Incurred
Liabilities
• Received Goods or Rendered Services
Invoiced
Liabilities
• Received Invoices
Confirmed
Liabilities
• Confirmed Contracting Parties
Settled
Liabilities
• Registered Evidences
Minimizing Financial Risks:
• Overdue Settlement
• Unrecorded Liabilities
• Duplicated/Over Settlement
• Late Closing of Total Liabilities
• Over Utilization of Budgeted Liabilities
10. Relevant Liability Dimensions for Every
Stages of Liability Life Cycle
Budgeted
Liabilities
Utilizing
Budgeted
Liabilities
Committed
Liabilities
Incurred
Liabilities
Invoiced
Liabilities
Confirmed
Liabilities
Settled
Liabilities
Analyzed by consolidation group, legal entity & business unit
Analyzed by date, expense and liability nature, department & project
Analyzed by contracting party & relationship
Analyzed by contracting currency
Analyzed by aging (incur & due date)
Analyzed by movement type
Analyzed by settlement type
ContractingParties
13. Sale Amount and Quantity
Cost Amount and Quantity
Purchase Amount and Quantity
Stock Amount and Quantity
Sell Thru % = Qty Sold / (Qty On-Hand + Qty Sold)
Gross Profit % = ( Sale Amount – Cost Amount ) / Sale Amount
Inventory Measurements
No longer deal with merely FIFO and EOQ measurement
16. Service Department
HR Finance Admin Marketing IT Others
Hotel
Retailing
Financial
Services
Other
Business
••••••••••••••••••••••••••••••••••
Business Unit
FESA Allocation
21. Standardization
FESA
Planning
FESA
Consol
FESA
Financial
Elimination
Versioning
FESA
Analyst
Tagging
Alert
FESA
Pro A/C
Aggregation
FESA
Query
Audit Trial &
Reporting
Efficient Efficient Efficient Efficient Optimize Optimize
Dual
Models
Common
Data Set
Dynamic
Lookup
Dynamic
Lookup
Multi-
dimension
Lookup
Dynamic
Lookup
Dynamic
Lookup
Process &
Analytical
Process
Management
Process
Management
Process
Management
& Ana. Group
Process
Management
Process
Management
Common
Data Set
Common
Data Set
Query
Formula
Reporting
Audit Trial &
Reporting
Audit Trial &
Reporting
Audit Trial &
Reporting
Audit Trial &
Reporting
Multi-
dimension
Lookup
Analysis
Group
Process
Management
& Ana. Group
N/A
AVESTA @ 6 Major Solutions
Query
Formula
Query
Formula
Dual
Models
Dual
Models
22. FESA
Planning
FESA
Consol
FESA
Financial
FESA
Analyst
FESA
Pro A/C
FESA
Query
Allocation,
Currency &
Mapping
Rule-based
Entry Screen
& Upload
Triple
Models
CustomizeStandard
Upload
Excel
N/A
Dual
Data Store
Basic Standard
Basic +
Optional
Triple
Models
Amortization Rule-based Rule-based
Dual
Data Store
Dual
Data Store
Dual
Data Store
Optimize
Data Store
Optimize
Data Store
Customize Customize
Standard +
Optional
Standard +
Optional
Standard +
Optional
Advanced +
Optional
Advanced +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Standard +
Optional
Advanced +
Optional
Upload
Excel
Upload
Excel
Control
Collection
FESA
Reporting
Storage
Transformation
6 Major Modules @ 6 Major Solutions