The document discusses designing an effective chart of accounts. It defines key terms like chart of accounts, segmentation, and statistical and parent-child accounts. It provides tips for designing the chart such as aligning it with organizational and financial structures and leaving space for growth. The presentation covers inputs to consider, common segments, and how the chart can support budgeting and performance measurement.
FDM vs FDMEE: What you Need to Know - Emtec, Inc.Emtec Inc.
This document discusses the migration from FDM to FDMEE. FDMEE combines FDM and ERP Integrator into a single product. It provides improvements like simplified maintenance, reduced custom scripting needs, and certification with additional ERP systems. Migrating to FDMEE will require rewriting scripts and taking advantage of new capabilities. The document reviews FDMEE's key components and migration considerations to help customers understand the value of upgrading.
The Power of Allocations for Profitability Analysis - Using Financial Data to...Emtec Inc.
Bill Lowry of Emtec presented on using financial data and profitability analysis to improve decision making. He discussed how CFOs are focused on measuring business performance but often lack effective tools. Approaches to profitability involve allocating costs and expenses based on drivers to calculate profitability at varying levels. Practical considerations for profitability analysis include balancing accuracy versus precision given available data. Emtec's allocation framework is designed to provide a consistent, reliable and automated profitability process.
HCM Workforce Compensation Trends and DemoEmtec Inc.
How is Cloud going to help solve today's HR Challenges? How are you going to retain your key employees? With a fully functional Core HR, Workforce Management, Workforce Rewards, and Talent Management. But how do you get there?
Leveraging Packaged Analytics when Implementing your ERPEmtec Inc.
The document discusses leveraging packaged analytics when implementing an ERP system. It outlines an implementation approach used by Emtec that blended waterfall and agile methodologies. Requirements for both transactional and reporting systems were gathered together. The approach was used in a PeopleSoft and Oracle Business Intelligence implementation at TransUnion, where gathering requirements and testing together helped reduce rework.
Globalizing Your Financial Systems - Emtec, Inc.Emtec Inc.
Globalizing Financial Systems involves considering many functional and implementation factors. Key functional considerations for globalizing financial systems include accounting requirements that vary by country, language and currency support needs, integration with other systems, and statutory reporting requirements. Effective implementation approaches include phased rollouts by region or facility. Best practices for global rollouts emphasize the importance of leadership buy-in, managing expectations, global requirements and design, testing, training, and leveraging subject matter experts.
Predictive Analytics, A Case Study on Operational Analysis - Emtec, Inc.Emtec Inc.
This document discusses Kansas City Power and Light's (KCP&L) use of predictive analytics for asset management. It outlines KCP&L's key assets, describes their asset management program which uses inspections and condition data to prioritize maintenance budgets and work. Predictive analytics is used to associate outage data with asset data to identify high impact assets and predict failures based on age, condition and other factors to develop replacement plans. The solution provides analytics across various data sources to support asset management.
FDM vs FDMEE: What you Need to Know - Emtec, Inc.Emtec Inc.
This document discusses the migration from FDM to FDMEE. FDMEE combines FDM and ERP Integrator into a single product. It provides improvements like simplified maintenance, reduced custom scripting needs, and certification with additional ERP systems. Migrating to FDMEE will require rewriting scripts and taking advantage of new capabilities. The document reviews FDMEE's key components and migration considerations to help customers understand the value of upgrading.
The Power of Allocations for Profitability Analysis - Using Financial Data to...Emtec Inc.
Bill Lowry of Emtec presented on using financial data and profitability analysis to improve decision making. He discussed how CFOs are focused on measuring business performance but often lack effective tools. Approaches to profitability involve allocating costs and expenses based on drivers to calculate profitability at varying levels. Practical considerations for profitability analysis include balancing accuracy versus precision given available data. Emtec's allocation framework is designed to provide a consistent, reliable and automated profitability process.
HCM Workforce Compensation Trends and DemoEmtec Inc.
How is Cloud going to help solve today's HR Challenges? How are you going to retain your key employees? With a fully functional Core HR, Workforce Management, Workforce Rewards, and Talent Management. But how do you get there?
Leveraging Packaged Analytics when Implementing your ERPEmtec Inc.
The document discusses leveraging packaged analytics when implementing an ERP system. It outlines an implementation approach used by Emtec that blended waterfall and agile methodologies. Requirements for both transactional and reporting systems were gathered together. The approach was used in a PeopleSoft and Oracle Business Intelligence implementation at TransUnion, where gathering requirements and testing together helped reduce rework.
Globalizing Your Financial Systems - Emtec, Inc.Emtec Inc.
Globalizing Financial Systems involves considering many functional and implementation factors. Key functional considerations for globalizing financial systems include accounting requirements that vary by country, language and currency support needs, integration with other systems, and statutory reporting requirements. Effective implementation approaches include phased rollouts by region or facility. Best practices for global rollouts emphasize the importance of leadership buy-in, managing expectations, global requirements and design, testing, training, and leveraging subject matter experts.
Predictive Analytics, A Case Study on Operational Analysis - Emtec, Inc.Emtec Inc.
This document discusses Kansas City Power and Light's (KCP&L) use of predictive analytics for asset management. It outlines KCP&L's key assets, describes their asset management program which uses inspections and condition data to prioritize maintenance budgets and work. Predictive analytics is used to associate outage data with asset data to identify high impact assets and predict failures based on age, condition and other factors to develop replacement plans. The solution provides analytics across various data sources to support asset management.
Microsoft CRM Webinar Trilogy Unified Service DeskEmtec Inc.
Emtec presented on Microsoft Dynamics CRM's Unified Service Desk. They discussed the new desktop application that supports call centers with high inbound inquiries. It is compatible with both CRM Online and on-premise implementations and is centrally managed from Dynamics CRM. The demo showed the powerful agent desktop that improves key metrics and allows agents to handle multiple customer sessions simultaneously. Pricing details were also provided.
How Finance is Adopting Analytics, and Reacting to Changes in the Marketplace Emtec Inc.
Emtec Finance and Technology Summit Presentation: Keynote with Jack Berkowitz
Vice President, Product Management, Business Analytics,
Oracle Corporation
Learn How Herman Miller Modernized Their HREmtec Inc.
Emtec and Oracle co-sponsored this event, which was part of the HCM Cloud Roadshow. This presentation is a case study, which goes through how Herman Miller Modernized Their HR.
Microsoft GP 2016: What You Need to Know Before UpgradingEmtec Inc.
What you need to know about the recent upgrade. The presentation also includes a highlight of the newest features from Dynamics GP 2016.
For more details or to request the recording from our webinar, please reach out to us at information@emtecinc.com.
Crm trilogy dynamics marketingwebcast_20140625Emtec Inc.
The document discusses Microsoft Dynamics CRM and Dynamics Marketing. It provides an overview of Emtec, Inc., which is a consulting firm that specializes in Dynamics implementations. The presentation covers the road map for Dynamics innovation, an overview of Dynamics Marketing and its features for marketing automation and lifecycle management. It demonstrates the campaign assets capability and discusses how Dynamics Marketing can provide business value. Finally, it provides information on how to take advantage of Dynamics Marketing and connect with Emtec for assistance.
Considering Change? Lawson to Microsoft GP Comparison WebinarEmtec Inc.
ERP Assessment. Struggling with Lawson? Tired of Costly Upgrades and pricey maintenance? Unsure if it makes sense to upgrade? Understand your Choices. Schedule your Complimentary Assessment to Answer your Questions.
Enterprise Workforce Planning: The Intersection of Finance, HR, and IT - Emt...Emtec Inc.
This document summarizes an agenda for a presentation on enterprise workforce planning. The presentation will discuss how workforce planning can provide a competitive advantage by allowing companies to more rapidly adapt to growth strategies, economic uncertainty, and technology transformation. It will also cover practical considerations for workforce planning, including that it is a process first and a tool second. A case study will be presented of how one financial services client enhanced their workforce planning to automate associate planning and allow for improved budgeting, forecasting, and reporting.
Extending Microsoft Dynamics CRM with Integrations, Customizations and ReportingEmtec Inc.
This document summarizes an Emtec presentation on extending Microsoft Dynamics CRM. It provides an overview of Emtec, including its services, locations, and experience. It then discusses Emtec's Microsoft practice and Dynamics CRM practice in more detail. The presentation demonstrates various ways to extend CRM, such as through configurations, code-based plugins and workflows, and integrations with SharePoint and BMC Remedy. It shows examples of these extensions and how the Dynamics Connector can integrate CRM with other systems.
PCI Compliance: How to Remain Compliant and Gain Near Real-Time Analytics on ...Emtec Inc.
This document discusses PCI compliance and real-time analytics using Oracle tools. It provides background on PCI standards and compliance requirements. It then describes how Oracle tools can help with six PCI requirements, including encrypting data, restricting access, and reporting. The document also discusses challenges with native Oracle reporting and interim reporting. It then describes a materialized view solution developed to provide portable data and near real-time analytics on credit card transactions in Oracle E-Business Suite.
Crm trilogy webinar day 1 sales with social listeningEmtec Inc.
Emtec is a Microsoft Dynamics CRM consulting firm that provides social listening capabilities. They demonstrated how Dynamics CRM social listening works by monitoring social media for brand and product keywords, analyzing sentiment as positive, negative or neutral, and presenting trends. Attendees learned how to configure social listening searches and access real-time sentiment analysis charts. They also discussed pricing options and how social listening can help organizations engage customers and improve marketing.
Retail ERP Solution for shopping mall with advanced user friendly features like Finance Management, Sales and Marketing, Supply Chain Management, Human Resource Management, Project Management, Manufacturing Planing, Service Management etc..
For more details visit : http://www.sodtechnologies.com/retailshoppingmallerp.html
VEA: ARIS and Alfabet Journey Together Software AG
VEA is a global service provider and partner that delivers solutions for business process management, IT portfolio planning, and enterprise architecture using ARIS and Alfabet. VEA advises clients throughout their BPM, ITPM, and EA initiatives to enable planning and architecture. VEA has enabled over 100 global customers as the only third-party provider of accelerators for effective deliverables and information delivery. VEA's services are managed through a Center of Excellence to ensure advanced platform support.
Growing Businesses Are Upgrading to NetSuite
NetSuite is the #1 choice for mid-size businesses to run their accounting/ERP, CRM and ecommerce applications in the cloud.
This document discusses Fujitsu's approach to conducting an Application Value Assessment (AVA) to evaluate legacy applications. The AVA is a 5-stage process that involves gathering data on applications, analyzing the data, and presenting findings to identify opportunities to reduce costs and modernize applications. The AVA provides insights into an application's business value, technical issues, and viability for modernization. Fujitsu uses standardized templates and metrics to evaluate applications and provide recommendations.
The document provides an overview of eTeam's information management service offerings. eTeam is an international consulting firm focused on providing IT, clinical, and scientific talent as well as niche data management projects. Their service offerings include assessments, pre-implementation preparation, partial or full implementations, project insourcing/staffing, and training/mentoring programs. Their solution areas include business intelligence/information management assessments, customer data integration, data governance, business process management, and information/data quality programs.
Using Hyperion Workforce Planning to Effectively Plan & Forecast Your Organiz...Emtec Inc.
This webinar will provide insight into how organizations can effectively plan and forecast their business by using Hyperion Planning. Discover how a process focused packaged application can eliminate the burdensome task of creating budgets and plans in a spreadsheet, providing more time for analysis and ultimately improving profitability with enhanced insight and decision making.
The document provides information on several companies that implemented NetSuite software. The companies span various industries and faced challenges with their previous systems around visibility, integration, growth and complexity. After implementing NetSuite, the companies reported benefits like reduced costs, improved productivity, increased revenue, consolidated data and financial transparency to support growth. NetSuite helped the companies streamline operations and gain insights to make better decisions.
Located in Tysons Corner, VA, NeoSystems Corp is an expert implementation and integration consulting partner for Netsuite. Our core mission is to enable our clients to grow and scale. We specialize in NetSuite implementations for the Software, and Professional Services industries, and the Nonprofit Community. and As a NetSuite implementation partner as well as a provider of Business Process Outsourcing (BPO) services and Business Process as a Service (BPaaS), we are the only NetSuite Solution Provider and BPO/BPaaS Partner capable of enabling fundamental, yet seamless back-office alignment for our clients, in the areas of Accounting and Finance, Human Resources and IT infrastructure.
Determining the chart of accounts is a pivotal step in the development of any EPM solution, regardless of the product that is being implemented. Finit will be hosting a webinar to discuss various topics that should be considered when deciding on a chart of accounts. With a focus on users in both Finance and IT organizations, this webinar will be useful for anyone preparing to implement a new EPM solution, or redesign an existing application. Join us as we discuss and provide examples of:
The importance of the chart of accounts and application dependencies
Matching a chart of accounts to the application's purpose and usage
The benefits and trade-offs of:
Level of detail included in the chart of accounts
Naming conventions
Design - Functional, Natural, or Hybrid?
Downstream impacts on other aspects of the reporting process:
Data Integration
Cash Flow
Other specialized reporting
The document provides an overview of budgeting in Sage 100 Fund Accounting, outlining the three main ways to enter a budget - using the budget worksheet, importing from Excel, or direct transaction entry. It discusses the importance of budgeting for financial planning and management. Tips and considerations are provided for each budget entry method as well as using additional features like budget versions and units tracking.
Microsoft CRM Webinar Trilogy Unified Service DeskEmtec Inc.
Emtec presented on Microsoft Dynamics CRM's Unified Service Desk. They discussed the new desktop application that supports call centers with high inbound inquiries. It is compatible with both CRM Online and on-premise implementations and is centrally managed from Dynamics CRM. The demo showed the powerful agent desktop that improves key metrics and allows agents to handle multiple customer sessions simultaneously. Pricing details were also provided.
How Finance is Adopting Analytics, and Reacting to Changes in the Marketplace Emtec Inc.
Emtec Finance and Technology Summit Presentation: Keynote with Jack Berkowitz
Vice President, Product Management, Business Analytics,
Oracle Corporation
Learn How Herman Miller Modernized Their HREmtec Inc.
Emtec and Oracle co-sponsored this event, which was part of the HCM Cloud Roadshow. This presentation is a case study, which goes through how Herman Miller Modernized Their HR.
Microsoft GP 2016: What You Need to Know Before UpgradingEmtec Inc.
What you need to know about the recent upgrade. The presentation also includes a highlight of the newest features from Dynamics GP 2016.
For more details or to request the recording from our webinar, please reach out to us at information@emtecinc.com.
Crm trilogy dynamics marketingwebcast_20140625Emtec Inc.
The document discusses Microsoft Dynamics CRM and Dynamics Marketing. It provides an overview of Emtec, Inc., which is a consulting firm that specializes in Dynamics implementations. The presentation covers the road map for Dynamics innovation, an overview of Dynamics Marketing and its features for marketing automation and lifecycle management. It demonstrates the campaign assets capability and discusses how Dynamics Marketing can provide business value. Finally, it provides information on how to take advantage of Dynamics Marketing and connect with Emtec for assistance.
Considering Change? Lawson to Microsoft GP Comparison WebinarEmtec Inc.
ERP Assessment. Struggling with Lawson? Tired of Costly Upgrades and pricey maintenance? Unsure if it makes sense to upgrade? Understand your Choices. Schedule your Complimentary Assessment to Answer your Questions.
Enterprise Workforce Planning: The Intersection of Finance, HR, and IT - Emt...Emtec Inc.
This document summarizes an agenda for a presentation on enterprise workforce planning. The presentation will discuss how workforce planning can provide a competitive advantage by allowing companies to more rapidly adapt to growth strategies, economic uncertainty, and technology transformation. It will also cover practical considerations for workforce planning, including that it is a process first and a tool second. A case study will be presented of how one financial services client enhanced their workforce planning to automate associate planning and allow for improved budgeting, forecasting, and reporting.
Extending Microsoft Dynamics CRM with Integrations, Customizations and ReportingEmtec Inc.
This document summarizes an Emtec presentation on extending Microsoft Dynamics CRM. It provides an overview of Emtec, including its services, locations, and experience. It then discusses Emtec's Microsoft practice and Dynamics CRM practice in more detail. The presentation demonstrates various ways to extend CRM, such as through configurations, code-based plugins and workflows, and integrations with SharePoint and BMC Remedy. It shows examples of these extensions and how the Dynamics Connector can integrate CRM with other systems.
PCI Compliance: How to Remain Compliant and Gain Near Real-Time Analytics on ...Emtec Inc.
This document discusses PCI compliance and real-time analytics using Oracle tools. It provides background on PCI standards and compliance requirements. It then describes how Oracle tools can help with six PCI requirements, including encrypting data, restricting access, and reporting. The document also discusses challenges with native Oracle reporting and interim reporting. It then describes a materialized view solution developed to provide portable data and near real-time analytics on credit card transactions in Oracle E-Business Suite.
Crm trilogy webinar day 1 sales with social listeningEmtec Inc.
Emtec is a Microsoft Dynamics CRM consulting firm that provides social listening capabilities. They demonstrated how Dynamics CRM social listening works by monitoring social media for brand and product keywords, analyzing sentiment as positive, negative or neutral, and presenting trends. Attendees learned how to configure social listening searches and access real-time sentiment analysis charts. They also discussed pricing options and how social listening can help organizations engage customers and improve marketing.
Retail ERP Solution for shopping mall with advanced user friendly features like Finance Management, Sales and Marketing, Supply Chain Management, Human Resource Management, Project Management, Manufacturing Planing, Service Management etc..
For more details visit : http://www.sodtechnologies.com/retailshoppingmallerp.html
VEA: ARIS and Alfabet Journey Together Software AG
VEA is a global service provider and partner that delivers solutions for business process management, IT portfolio planning, and enterprise architecture using ARIS and Alfabet. VEA advises clients throughout their BPM, ITPM, and EA initiatives to enable planning and architecture. VEA has enabled over 100 global customers as the only third-party provider of accelerators for effective deliverables and information delivery. VEA's services are managed through a Center of Excellence to ensure advanced platform support.
Growing Businesses Are Upgrading to NetSuite
NetSuite is the #1 choice for mid-size businesses to run their accounting/ERP, CRM and ecommerce applications in the cloud.
This document discusses Fujitsu's approach to conducting an Application Value Assessment (AVA) to evaluate legacy applications. The AVA is a 5-stage process that involves gathering data on applications, analyzing the data, and presenting findings to identify opportunities to reduce costs and modernize applications. The AVA provides insights into an application's business value, technical issues, and viability for modernization. Fujitsu uses standardized templates and metrics to evaluate applications and provide recommendations.
The document provides an overview of eTeam's information management service offerings. eTeam is an international consulting firm focused on providing IT, clinical, and scientific talent as well as niche data management projects. Their service offerings include assessments, pre-implementation preparation, partial or full implementations, project insourcing/staffing, and training/mentoring programs. Their solution areas include business intelligence/information management assessments, customer data integration, data governance, business process management, and information/data quality programs.
Using Hyperion Workforce Planning to Effectively Plan & Forecast Your Organiz...Emtec Inc.
This webinar will provide insight into how organizations can effectively plan and forecast their business by using Hyperion Planning. Discover how a process focused packaged application can eliminate the burdensome task of creating budgets and plans in a spreadsheet, providing more time for analysis and ultimately improving profitability with enhanced insight and decision making.
The document provides information on several companies that implemented NetSuite software. The companies span various industries and faced challenges with their previous systems around visibility, integration, growth and complexity. After implementing NetSuite, the companies reported benefits like reduced costs, improved productivity, increased revenue, consolidated data and financial transparency to support growth. NetSuite helped the companies streamline operations and gain insights to make better decisions.
Located in Tysons Corner, VA, NeoSystems Corp is an expert implementation and integration consulting partner for Netsuite. Our core mission is to enable our clients to grow and scale. We specialize in NetSuite implementations for the Software, and Professional Services industries, and the Nonprofit Community. and As a NetSuite implementation partner as well as a provider of Business Process Outsourcing (BPO) services and Business Process as a Service (BPaaS), we are the only NetSuite Solution Provider and BPO/BPaaS Partner capable of enabling fundamental, yet seamless back-office alignment for our clients, in the areas of Accounting and Finance, Human Resources and IT infrastructure.
Determining the chart of accounts is a pivotal step in the development of any EPM solution, regardless of the product that is being implemented. Finit will be hosting a webinar to discuss various topics that should be considered when deciding on a chart of accounts. With a focus on users in both Finance and IT organizations, this webinar will be useful for anyone preparing to implement a new EPM solution, or redesign an existing application. Join us as we discuss and provide examples of:
The importance of the chart of accounts and application dependencies
Matching a chart of accounts to the application's purpose and usage
The benefits and trade-offs of:
Level of detail included in the chart of accounts
Naming conventions
Design - Functional, Natural, or Hybrid?
Downstream impacts on other aspects of the reporting process:
Data Integration
Cash Flow
Other specialized reporting
The document provides an overview of budgeting in Sage 100 Fund Accounting, outlining the three main ways to enter a budget - using the budget worksheet, importing from Excel, or direct transaction entry. It discusses the importance of budgeting for financial planning and management. Tips and considerations are provided for each budget entry method as well as using additional features like budget versions and units tracking.
This document provides an introduction to accounting. It defines accounting as identifying, measuring, and communicating economic information to allow for informed decisions. The purpose of accounting is to provide standard financial information to assess profit/loss, asset value, cash flows, debts owed/due, and financial health. There are two main branches - financial accounting which records transactions and prepares financial statements, and management accounting which provides internal information to aid decision making. Key users of accounting information and their needs are also outlined.
The document discusses key management indicators that can help successfully manage a business. It covers the importance of business and strategic planning, using financial reports like profit and loss statements, budgets, balance sheets, and cash flow reports to monitor business performance. Specific metrics that provide insights are reviewed, such as direct labor costs, material expenses, gross margins, and operating profits. The presentation emphasizes the value of monthly review of financial data and also notes intangible factors like customer, employee, and owner satisfaction that are important to track business health.
The document discusses the importance of having a well-designed chart of accounts for a business. It explains that a chart of accounts is a list of accounts that segregates assets, liabilities, income, and expenses. The chart of accounts is unique to each business and should be structured logically based on the business's data sorting requirements and software. A well-designed chart of accounts provides reliable financial reporting, prepares management reports for decision making, and ensures compliance.
Η Παρουσίαση των: Θάλεια Μισαηλίδου, Αλεξία Παναγοπούλου, Elsa Sahnas, Γιάννη Τσακατάνη και Ελίνας Τσαδάρη απο το Greek Finance Network στο Open Coffee #99
Mitchell & Associates JD Edwards EnterpriseOne 9.2 One
View Reporting for Financial Statements Presentation at Quest INFOCUS 2016.
Empower your financial users to design, create,and generate financial reports and statements with this latest update.
Fund Accounting Designed for NonprofitsNet at Work
This webinar discusses signs that a nonprofit has outgrown its current accounting system and may need a system designed specifically for nonprofit fund accounting. It covers tracking restricted contributions and performance by programs, grants and activities. The webinar also addresses reporting requirements, including reporting on multiple fiscal years, creating custom reports for different funders, and producing standard audit reports. The presenter is available to answer questions.
This document provides an overview of management accounting. It defines management accounting as the presentation of accounting information to assist management in policymaking and day-to-day operations. Some key points covered include the need for management accounting to create harmony between management and employees, plan operations, and control costs. Limitations include the accounting information basis, wide scope leading to inaccuracies, and resistance to change. The document also discusses management information systems, the role of management accountants, and the functions and duties of controllers in organizations.
The document provides guidance on the code of conduct for virtual financial accounting sessions at the Indian Institute of Management Raipur. It outlines expectations such as setting up a quiet study space, logging in on time, using professional language and etiquette, ensuring device functionality, and only using chat features for meaningful discussions. The course will consist of 20 sessions over 1.5 hours each taught by Rajesh Pathak. Students are expected to read materials, participate actively, and not miss classes unless absolutely necessary.
You had success with an ABM pilot, and now you have to roll out a full program. Or, as the ABM expert, you are on the hook for implementing an account-based strategy across the organization. No matter where you are on your ABM journey, scaling is hard.
In this two-part webinar series, we will dive into what it means to scale ABM based on your organization’s maturity. ABM is more critical now than ever, BUT there is still a place for some traditional Demand Generation (there we said it!)
The document discusses financial accounting concepts like trading accounts, profit and loss accounts, and using accounting information systems. It defines trading accounts and explains their purpose is to calculate gross profit or loss. It also defines profit and loss accounts and how they are used to determine net profit. The document recommends using accounting information systems to automate financial statements for increased accuracy and efficiency over manual methods. It describes the components, benefits, and common types of accounting information systems.
- The document discusses the importance of accounting for small businesses and the different types of accounting needed - financial, managerial, and tax accounting.
- It explains key financial reports like the income statement, balance sheet, and cash flow statement and how to set up an accounting system and budgets to project performance.
- The goal of accounting is to provide useful information for managing the business, meeting legal requirements, and evaluating financial performance.
This document defines accounting and outlines its primary functions and users. It discusses how accounting involves recording business transactions, summarizing results into reports, and providing assurance. Accounting aids decision making by showing how money is spent and the implications of different plans. Financial statements like the income statement and balance sheet are key outputs. The accounting cycle and double-entry bookkeeping are also summarized.
“How to Prepare for Your Next Fund Raise” hosted by The CEO’s Right HandNY Tech Alliance
This document summarizes a panel discussion on preparing for a capital raise. It discusses establishing strong financial infrastructure with systems for cash management, financial reporting, controls and KPIs. It also covers creating clean financial records, building pro forma financial models with revenue forecasts and expenses, managing capitalization tables, assembling corporate documents, and outlining the fundraising process.
Who Does What, When, and How for a Divestiture?eprentise
Businesses that are going through a divestiture need to consider several key questions: What are we selling, and why? What data belongs to me, and how do I find it? As my business changes by the rules, how do I achieve agility? What are my options for divesting?
This presentation addresses potential business and IT issues affecting organizations that go through the divestiture process. The presentation touches on key insights and outlines approaches that can be used by both business and IT organizations to ensure success.
chapter 8Responsibility Concepts and Sound Decision-Maki.docxchristinemaritza
chapter 8
Responsibility Concepts and Sound
Decision-Making Analytics
Learning Objectives
• Understand concepts in responsibility accounting.
• Be able to provide a framework for rational business decision making, and understand
how to apply these concepts for specific types of situations.
• Apply capital budgeting methods and discounted cash flow concepts.
• Know how to make proper long-term investment decisions.
istockphoto
waL80281_08_c08_189-212.indd 1 9/25/12 1:03 PM
CHAPTER 8Section 8.1 Responsibility Accounting Concepts
Chapter Outline
8.1 Responsibility Accounting Concepts
Accumulation of Information to Match Centers
Management by Exception
Rational Decision Making
Sunk Costs
8.2 A General Framework for Making Sound Business Decisions
Applying the General Framework to an Example: Bulk Orders
Applying the General Framework to an Example: Offshoring
8.3 Capital Expenditures
Future Value
Annuity
Present Value
8.4 Making Decisions About Long-Term Investments
Net Present Value
Internal Rate of Return
Simpler Capital Budgeting Methods
Recap of Using Capital Budgeting Tools for Decision Making
8.1 Responsibility Accounting Concepts
In general, managers should be held accountable for the results of their decisions and business execution. Without accountability based on performance-related feedback, the
business will not perform at its best, and areas in need of improvement may not be iden-
tified on a timely basis. Business feedback is often based on financial results. You have
already seen how budgets and variances are used to help identify areas for improvement.
Because managers are accountable for their decisions, actions, and outcomes, their perfor-
mance measures should align around the department, product, division, or other business
for which they are responsible. In other words, the attribution of responsibility tends to
follow the organizational structure of the business.
Sometimes, a business has a highly dispersed design, with decisions nested with lower
level managers. Other businesses generate decisions only at the upper levels, and
lower level personnel are basically charged with execution of defined actions. Proper
implementation of responsibility accounting concepts stipulates that performance mea-
sures be aligned with the business organization structure. In other words, accountability
should map to responsibility. Proper design of performance measurement systems there-
fore requires that the management accountant carefully consider the organizational struc-
ture. Sometimes performance measures are only appropriate on an aggregated basis, such
as where the organization is structured as a top–down, command-and-control, central-
ized decision-making entity. As lower level managers are given increased authority, so
too should the accountability system be modified to provide more disaggregated perfor-
mance measures. Although quite logical, this presents measurement challenges.
waL80281_ ...
This document discusses how to configure accounts and custom dimensions in Oracle's planning and budgeting cloud. It covers setting up account types and hierarchies, assigning custom dimension members to accounts, auditing data, and setting properties for intercompany accounts. Custom dimensions can provide additional details for accounts, and different account types determine how child values are aggregated or subtracted from parents.
Using Financial Forecasts to Advise Business - Financial Forecasting 101 - Re...Irma Miller
This document provides an overview of financial forecasting and discusses key concepts such as planning, budgeting, and forecasting. It begins with two examples of how forecasting can positively or negatively impact a company's financial performance. It then discusses the relationships between planning, budgeting, and forecasting and how they differ. The document provides tips for explaining forecasting to non-financial executives and discusses important considerations like timelines, costs vs. benefits, and sensitivity analysis.
Similar to COA Design Changes, and the Impact on your Ability to Report and Analyze your Business - Emtec, Inc. (20)
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
GraphSummit Singapore | The Art of the Possible with Graph - Q2 2024Neo4j
Neha Bajwa, Vice President of Product Marketing, Neo4j
Join us as we explore breakthrough innovations enabled by interconnected data and AI. Discover firsthand how organizations use relationships in data to uncover contextual insights and solve our most pressing challenges – from optimizing supply chains, detecting fraud, and improving customer experiences to accelerating drug discoveries.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Introducing Milvus Lite: Easy-to-Install, Easy-to-Use vector database for you...Zilliz
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Communications Mining Series - Zero to Hero - Session 1DianaGray10
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COA Design Changes, and the Impact on your Ability to Report and Analyze your Business - Emtec, Inc.
1. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Chart of Accounts Design
May 12, 2015
2. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
What We Will Cover…
• Definitions
• Designing the Chart
• Rules and Tips
• Q & A
2
3. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
• What can I do to maximize reporting capabilities but
minimize complicated accounting?
• We use the General Ledger for all our reporting
• Our budget process takes so much time to prepare
worksheets
• We could close in five days if we didn’t have all these
consolidations and eliminations offline
• We need to hold managers accountable but they don’t
feel like they have adequate visibility
• We have so many accounts we no longer use
CHART OF ACCOUNTS DESIGN – What We Hear From Clients
3
4. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
• Better visibility into financial performance
• Align financial structure with the organizational goals
• Unify accounting across the entire organization
• Allow for a budgeting structure that can scale
• Improved expense accounting
• Logical accounting structure
• Provide a mechanism for future growth
Impacts of a Chart of Accounts Change
4
6. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
• Foundation for an organization’s financial record keeping system
• Accounting structure that allows an organization to measure
performance of the companies, divisions, departments, sales and
individual goals it represents
• Uniform format for financial measurement of an organization
• Reflects the lowest level of detail desired for financial reporting
• It is the empty scorecard for an organization
Chart of Accounts
6
7. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
• Chart of Accounts are defined by separate segments that
are a short hand representation of an entity to be reported.
• Chunking numbers into distinct buckets that represent a
given dimension for easier recollection.
• Allows for a cube look at an organization and measurement
of performance.
• Each segment represents a different view of the financial
information.
• A segment should have a unique purpose.
• Segments are the driving dimensions for financial reporting.
Segmentation
7
8. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Segmentation Example
01
02
1000
2000
3000
100
200
Company Account Cost Center
01.1000.100 01.2000.100 01.3000.100
01.1000.200 01.2000.200 01.3000.200
02.1000.100 02.2000.100 02.3000.100
02.1000.200 02.2000.200 02.3000.200
By segmenting values into distinct dimension, an account can easily be
identified and numerous combination can be created.
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9. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Parent Child Relationships
OPX
5000
Parents Child
NOP
5200
5100
6000-6999
Parents of
Parent
EXP
Using Parent-Child Relationships, accounts can be grouped for financial
reporting. It will ease the process for consolidations and roll up reporting.
9
10. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Statistical Accounts
• Accounts that represent a statistic that enhance the measurement of
organizational performance
• Examples include Headcount, Square Footage, Quantities, etc.
• Utilizes the dimensions to segment the responsible party for the
segment.
• Visible on Financial Reports
• Allocation basis of shared services. Examples:
- HR costs allocated by % of company headcount
- Facility costs allocated by % of square footage
- IT costs allocated by % of users
10
13. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Organizational Structure (HR)
• Departments
• People
• Management
• Responsibilities
• Approvals
Financial Structure
• Budgets
• Costs
• Financial Segregation
• Sales Credit
• Assets
Chart of Account Implications
• Ensure that the chart aligns to both the Organizational and Financial
Structure
• Allows for a financial representation of an organizations budget and
costs
• Allows for managers to measure department performance objectively
• Organizational Roll ups should be mirrored in the Financial Structure
Organizational vs. Financial Structure
13
14. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Why Global?
• Chart of Accounts that can be used by all
• Allows accountability to managers and responsible parties
• Gives one source of financial performance
• Consolidations/Elimination ease Faster close cycle
• Certain Exceptions:
- Regulatory compliance (FERC)
- Statutory requirements (French chart of accounts)
- Completely separate businesses (Joint Ventures)
Goal : Unify your organization on a shared chart of accounts that is
scalable and provides visibility to the performance of the organization at
all desired levels.
Global Chart of Accounts
14
15. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Listing of Segments typically used by organizations
• Natural Account: Determines Asset, Liability, Equity, Revenue and
Expense
• Company: A legal entity or management entity that requires a
balance sheet
• Cost Center/Department: Organization that incurs expenses
• Profit Center: Organization that is responsible for revenue
generation
• Division/Business Unit: Segment of a company responsible for
both revenue and expenses
• Location: Allows for Revenue and Expense for organizations with
multi-locations
Other segments may include Project, Activity, Intercompany, Product
Line and Future Use
Typical Segments
15
16. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Budgets and Performance Measurement are critical factors in
determining the structure and values.
Budget Factors
Organizational Sales Operational Capital
Management
Structure
Product
Reporting
Material
Cost
% of Revenue
Overhead
Allocations
Territory
Direct
Labor
Asset
Protection
Performance
Measures
International Sourcing Growth Plans
Cost
Containment
Financial
Disclosure
Maintenance Capital Events
SG&A Metrics
Revenue
Growth
Gross Margin
Metrics
New Markets
Budget Factors
16
17. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Overhead
• Company
• Division
• Department
Sales
• Company
• Division
• Location
• Product
Operations
• Company
• Division
• Department
• Location
Capital
• Company
• Division
• Location
Consolidated Budget
Dimensions of different budgets help determine the structure of the
Chart of Accounts.
Chart of Accounts Structure that would support budgeting:
Company / Division / Department / Account / Product / Location
Budget
Segmentation
Budgeting Structure Example
17
19. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
• Natural Account
- Number your natural account in the order it would appear on a
financial statement
- Utilize a group of numbers at the beginning or end for
Statistical Accounts
• Department: Group departments logically, Operational, Sales,
Back Office, etc.
• Avoid using dependent segments – causes problems in
consolidations and dimension reporting
• Limit the size of a segment to no more than 6 digits, too hard to
remember more than 6
• Limit keystrokes when necessary, 5 digits = 100,000 values
• ALWAYS LEAVE SPACE FOR GROWTH AND CHANGES
Numbering Segments
19
20. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Operational Data
• Costs by Supplier /
Employee
• Liability by expense
• Sales by Item
• Sales by Sales Rep
• Sales by State
• Treasury activity
Financial Data
• Costs by division /
department
• Liability by company
• Sales by product
• Sales by channel
• Sales by location
• Account Balances
General Ledger data should be general. Operational reporting
systems can provide detailed analysis, the chart of accounts should
track information that is provided in Financial Reporting.
Operational vs Financial Data Examples
20
21. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Questions to Ask
• How do you measure performance?
• Who is responsible for budgets?
• What are the business dimensions of your business?
• What are your Legal Entities?
• What is your HR organizational structure?
• What systems utilize the Chart of Accounts?
• How do you measures sales?
• What are your reporting needs?
• How do you allocate costs?
• What Financial information are you currently tracking off-line?
• What can be tracked operational reports as opposed to housing in the
General Ledger?
21
22. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Tips
• Think Globally
• Group a dimension into one segment
• Try not to use one segment for more than one purpose
• Operational Data needs to be reported on in operational reports, not in the General
Ledger
• Use Parent/Child relationships to group segment values
• Statistical accounts should be for those in financial reporting and allocations
• Use contra-accounts for allocations
• Logical grouping of numeric ranges allows for easier report and parent account
maintenance
• Avoid “Smart Numbering” within a segment
• Number segments logically leaving room for growth and changes
• Organizational Structures change – leave space to scale
• Segments determined by the need to see information by A and B and C…
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23. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Continuous Improvement – Chart of Accounts Change Impacts
We have changed our chart of accounts, what is next?
• Reporting Improvement
- Taking Financial Reports to the next level
- Electronic delivery
- Operational reports enhancements
• Process Improvement
- Creation of budgeting workflows and approvals
- Automated consolidations/eliminations
- Allocation improvement
•Financial Improvement
- Better operating metrics
- Benchmarking
23
24. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
73%
YEARS
47serving clients
OUR COMPANY
500dedicated
associates
17
over
years
BEST
PLACES
TO WORK
2012
TECHNOLOGY
EMPOWERED
BUSINESS
SOLUTIONS
“right size provider”
“client for life”
India
Pune
Bangalore
USA
IL, PA, NJ,
GA, VA, MN,
FL
Canada
Toronto
Ottawa
GLOBAL
DELIVERY
OUR SERVICES
87% 14
prior tier 1
consultancies
avg. years
experience
fulltime
employees
OUR PEOPLE
25+
OTHER
PARTNERS
- onshore
- offshore
- nearshore
- blended
managed services
Advisory Applications Cloud Analytics Infrastructure
strategy
governance
process
ERP, HCM, CRM,
app. development,
mobile solutions
applications
infrastructure
enterprise reporting,
predictive analytics,
big data
service management
enterprise infrastructure
end user computing
Business and Technology Empowered
25. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
An Exciting Year For Emtec… And Or Clients!
Vertical Focus
• Strategy
• Enterprise
Solutioning
• Management
Consulting
• Line of Business
Expertise
Advisory Services Expansion
Services
GEO
Vertical
SMAC
26. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Emtec Services Align Well
with each stakeholder community
ENTERPRISE
SUITE
SALES &
MARKETING
360 degree view of the customer
Sales force automation
Customer Service
Marketing Automation
Customer and Product Data
Management
BI / Analytics
HCM
Workforce Planning
HR Analytics
Talent Management
Employee Self-Service
Performance Management
Total Compensation
CFO
FINANCE
Budget & Planning
Financial Close Mgmt
Procure to Pay
SEC Reporting
Financial Analytics
Cash Management
OPERATIONS
Forecasting
Operational Analytics
ERP
Project Costing
TECHNOLOGY
Advisory Services
Application Development &
Maintenance services
Business Intelligence & Big
Data
Cloud Strategy and
Implementation
Independent Verification &
Validation
Infrastructure Services
Managed Services
IT Service Management
Procurement Services
Business Strategy
Managed Services & Outsourcing
Advisory Services
Analytics
Governance
POWER
The
of Emtec
27. Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com