Ranzal Practice Director and Oracle ACE, Peter Fugere guides attendees through best practices on building HFM applications to consider the impact of IFRS. HFM has been used for years to do multi-GAAP reporting, so IFRS is not completely uncharted waters. Many companies in Europe and Canada have already moved, and their experience provides guidance for companies in North America. HFM has specific functionality that makes the IFRS transition easier and for North America, moving now may minimize costs later associated with statutory reporting and historical data collection.
Finit solutions getting the most out of hfm - web data forms tips and tricksfinitsolutions
One of the great features in HFM is the ability to create web data forms in which users can enter data directly, without the need for account mappings, journals, or Smart View sheets. These web data forms can be designed in ways that provide very tight security and control over the data that users can enter into HFM. At the same time, the web data forms can be formatted to be very user-friendly and intuitive, so that users find the process simple and easy to follow.
On September 15, you will learn about the pros and cons of using HFM web data forms versus other methods of getting data into HFM, such as data loads, journals, Smart View, and data grids. We will talk about the considerations for each method and why web data forms may or may not be the right choice for various types of data. We will also discuss ways in which data entered via web data forms can be ‘protected’ during iterative trial balance data loads, so that the data entered via web data forms is not erased when loading a trial balance data file in ‘Replace’ mode.
During this webinar, you will also learn some of the more advanced design, formatting, and functions for web data forms, including:
SCalcs
Dimension / member overrides
Colors / fonts / general formatting
Dynamic row expansion
Exporting / importing from Excel
Opening web data forms in Smart View
Simplify Complex Consolidations and Close Processes with Oracle Financial Con...Alithya
Oracle Financial Consolidation and Close Cloud Service (FCCS) mixes best practices with customization to streamline and enhance the close and consolidation process. This configurable product leverages out-of-the-box content which gives companies the framework needed to deploy an easy-to-use, yet sophisticated, close solution. It requires no infrastructure investments, offers flexible deployment options, and provides fast time-to-value.
In this presentation, we explore the full range of capabilities of this solution, including the orchestration of the close process, supplemental data collection, ease of administration, and more. Find out how FCCS can be used to address the complexities that are encountered with consolidations, such as foreign currency translation, intercompany eliminations, and ownership requirements. We touch on additional features that are improved in the cloud such as process automation, administration, and supplemental data collection. Interact and ask questions to learn more about this world-class solution for close and consolidation applications and decide if it's time for you to make the move to the Cloud!
A complete review of the use cases and anatomy of the mysterious yet powerful Dynamic Member Lists and Dynamic "Point of View" Member Lists
Have you ever wished you could collect certain supplemental data (e.g. PP&E rollforward) at the parent entity level (e.g. legal entity, market, geographical region) instead of at each base entity in HFM? Have you ever wished you could run a FR Report for a group of entities such as a region by just specifying the region entity in the user Point of View? Have you ever wished you could pull a list of active entities based on the year or scenario selected?\
Your wishes can come true with the use of Dynamic Member Lists and Dynamic "Point of View" Member Lists with HFM data forms and BI+ FR Reports. Join us in this webinar to take a deep dive into the application and construction of these member lists. Whether you are a business user, a Hyperion system administrator, or a developer, you will be enlightened by the information presented.
Attendees will learn:
The difference between Static, Dynamic Member Lists and Dynamic "Point of View" Member Lists
The use cases for Dynamic Member Lists and Dynamic "Point of View" Member Lists in HFM data forms and BI+ FR reports
The construction of the data forms and reports leveraging Dynamic Member Lists and Dynamic "Point of View" Member Lists
Presenter: Mary Chan & Grace Xu
Date: 04/27/2018
Finit solutions getting the most out of hfm - web data forms tips and tricksfinitsolutions
One of the great features in HFM is the ability to create web data forms in which users can enter data directly, without the need for account mappings, journals, or Smart View sheets. These web data forms can be designed in ways that provide very tight security and control over the data that users can enter into HFM. At the same time, the web data forms can be formatted to be very user-friendly and intuitive, so that users find the process simple and easy to follow.
On September 15, you will learn about the pros and cons of using HFM web data forms versus other methods of getting data into HFM, such as data loads, journals, Smart View, and data grids. We will talk about the considerations for each method and why web data forms may or may not be the right choice for various types of data. We will also discuss ways in which data entered via web data forms can be ‘protected’ during iterative trial balance data loads, so that the data entered via web data forms is not erased when loading a trial balance data file in ‘Replace’ mode.
During this webinar, you will also learn some of the more advanced design, formatting, and functions for web data forms, including:
SCalcs
Dimension / member overrides
Colors / fonts / general formatting
Dynamic row expansion
Exporting / importing from Excel
Opening web data forms in Smart View
Simplify Complex Consolidations and Close Processes with Oracle Financial Con...Alithya
Oracle Financial Consolidation and Close Cloud Service (FCCS) mixes best practices with customization to streamline and enhance the close and consolidation process. This configurable product leverages out-of-the-box content which gives companies the framework needed to deploy an easy-to-use, yet sophisticated, close solution. It requires no infrastructure investments, offers flexible deployment options, and provides fast time-to-value.
In this presentation, we explore the full range of capabilities of this solution, including the orchestration of the close process, supplemental data collection, ease of administration, and more. Find out how FCCS can be used to address the complexities that are encountered with consolidations, such as foreign currency translation, intercompany eliminations, and ownership requirements. We touch on additional features that are improved in the cloud such as process automation, administration, and supplemental data collection. Interact and ask questions to learn more about this world-class solution for close and consolidation applications and decide if it's time for you to make the move to the Cloud!
A complete review of the use cases and anatomy of the mysterious yet powerful Dynamic Member Lists and Dynamic "Point of View" Member Lists
Have you ever wished you could collect certain supplemental data (e.g. PP&E rollforward) at the parent entity level (e.g. legal entity, market, geographical region) instead of at each base entity in HFM? Have you ever wished you could run a FR Report for a group of entities such as a region by just specifying the region entity in the user Point of View? Have you ever wished you could pull a list of active entities based on the year or scenario selected?\
Your wishes can come true with the use of Dynamic Member Lists and Dynamic "Point of View" Member Lists with HFM data forms and BI+ FR Reports. Join us in this webinar to take a deep dive into the application and construction of these member lists. Whether you are a business user, a Hyperion system administrator, or a developer, you will be enlightened by the information presented.
Attendees will learn:
The difference between Static, Dynamic Member Lists and Dynamic "Point of View" Member Lists
The use cases for Dynamic Member Lists and Dynamic "Point of View" Member Lists in HFM data forms and BI+ FR reports
The construction of the data forms and reports leveraging Dynamic Member Lists and Dynamic "Point of View" Member Lists
Presenter: Mary Chan & Grace Xu
Date: 04/27/2018
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
Finit solutions getting the most out of hfm - intercompany matching and eli...finitsolutions
If you are using HFM for consolidations, then you already know that it is a powerful and complex tool that can vastly improve the analysis and reporting capabilities in your monthly consolidation process. However, one element of HFM that companies often do not use to its full potential is the intercompany matching and elimination functionality. In many cases, companies simply have not had the opportunity to develop a full understanding of all the intercompany features, and have therefore opted not to use them.
In this webinar, you will learn about the metadata and security features that can enable you to take full advantage of HFM’s intercompany matching and elimination functionality. We will discuss how the intercompany dimension, the value dimension, and the account and entity dimensions interact to perform intercompany matching and eliminations at the appropriate levels within your entity structures. You will learn how to analyze intercompany eliminations using data grids, BI+ Financial Reporting, and system intercompany matching reports.
By fully utilizing HFM’s intercompany features, you will not only make your consolidation process much more efficient, but will also provide valuable, detailed intercompany information to both end-users and management. The availability of that intercompany detail can drive critical management decisions and can greatly increase the value of your HFM applications within your organization.
Finit - Breaking Through the Cloud Part II: FCCS, Closing in on Full Parity w...finitsolutions
A complete review of FCCS to help you understand current functionality and key product features.
Is your company considering moving its financial reporting from on-premises to the cloud? Have you heard that Financial Close and Consolidation Cloud Services (FCCS) is now closer to achieving full parity with HFM? Join us for Part II of our 3-part series "Breaking Through the Cloud" as we take a look at the most recent releases of FCCS as it closes in to be on equal footing with HFM. Learn the details about FCCS, what this product is capable of and understand the key features and functionality that Oracle has added into FCCS.
Attendees will be provided with insight to assess their options on the close and consolidation front. Part II, Closing in on Full Parity with FCCS will include:
The main features of FCCS
Noteworthy Features and Oracle's release roadmap
A comparison of Features between HFM and FCCS
Additional Features of FCCS that may not be in HFM
Presenter: Geordan Drummond
Date: 03/10/2018
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot!
We delivered a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, you will gain a much deeper understanding of Oracle’s strategy in the consolidation and close domain.
Discussion included:
-Functional and technical comparison of FCCS and HFM (Dimensions, Rules, Reporting, etc.)
-Migration considerations/best practices
-Product direction from Oracle
Edgewater Ranzal presented at ODTUG Kaleidoscope 2015 (KSCOPE15) on the importance of assessing Oracle Hyperion Financial Data Quality Management (FDM) mappings in your Oracle Enterprise Performance Management (EPM) system.
Cash Flow Series, Part 2: How to make HFM do the dirty workfinitsolutions
Cash Flow in HFM by itself is complicated - and adding in the topics of CTA and non-cash items can begin to make even the most seasoned HFM veterans' heads spin. Join us for part 2 of our 2-part cash flow series to see some different approaches to tackling these complex issues and find out how to make HFM do the dirty work for you.
In this session you will learn:
How to identify some of the most overlooked items when designing an automated cash flow solution in HFM
What Cumulative Translation Adjustment (CTA) is, how CTA, works and how this affects your cash flow solution
What non-cash items you will need to consider when designing your cash flow solution
Examples of how CTA and non-cash items can be addressed and solved, including explanations of the metadata and rules setup
Presenter: Matt Spencer
Date: 08/24/2018
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
Finit solutions getting the most out of hfm - intercompany matching and eli...finitsolutions
If you are using HFM for consolidations, then you already know that it is a powerful and complex tool that can vastly improve the analysis and reporting capabilities in your monthly consolidation process. However, one element of HFM that companies often do not use to its full potential is the intercompany matching and elimination functionality. In many cases, companies simply have not had the opportunity to develop a full understanding of all the intercompany features, and have therefore opted not to use them.
In this webinar, you will learn about the metadata and security features that can enable you to take full advantage of HFM’s intercompany matching and elimination functionality. We will discuss how the intercompany dimension, the value dimension, and the account and entity dimensions interact to perform intercompany matching and eliminations at the appropriate levels within your entity structures. You will learn how to analyze intercompany eliminations using data grids, BI+ Financial Reporting, and system intercompany matching reports.
By fully utilizing HFM’s intercompany features, you will not only make your consolidation process much more efficient, but will also provide valuable, detailed intercompany information to both end-users and management. The availability of that intercompany detail can drive critical management decisions and can greatly increase the value of your HFM applications within your organization.
Finit - Breaking Through the Cloud Part II: FCCS, Closing in on Full Parity w...finitsolutions
A complete review of FCCS to help you understand current functionality and key product features.
Is your company considering moving its financial reporting from on-premises to the cloud? Have you heard that Financial Close and Consolidation Cloud Services (FCCS) is now closer to achieving full parity with HFM? Join us for Part II of our 3-part series "Breaking Through the Cloud" as we take a look at the most recent releases of FCCS as it closes in to be on equal footing with HFM. Learn the details about FCCS, what this product is capable of and understand the key features and functionality that Oracle has added into FCCS.
Attendees will be provided with insight to assess their options on the close and consolidation front. Part II, Closing in on Full Parity with FCCS will include:
The main features of FCCS
Noteworthy Features and Oracle's release roadmap
A comparison of Features between HFM and FCCS
Additional Features of FCCS that may not be in HFM
Presenter: Geordan Drummond
Date: 03/10/2018
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot!
We delivered a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, you will gain a much deeper understanding of Oracle’s strategy in the consolidation and close domain.
Discussion included:
-Functional and technical comparison of FCCS and HFM (Dimensions, Rules, Reporting, etc.)
-Migration considerations/best practices
-Product direction from Oracle
Edgewater Ranzal presented at ODTUG Kaleidoscope 2015 (KSCOPE15) on the importance of assessing Oracle Hyperion Financial Data Quality Management (FDM) mappings in your Oracle Enterprise Performance Management (EPM) system.
Cash Flow Series, Part 2: How to make HFM do the dirty workfinitsolutions
Cash Flow in HFM by itself is complicated - and adding in the topics of CTA and non-cash items can begin to make even the most seasoned HFM veterans' heads spin. Join us for part 2 of our 2-part cash flow series to see some different approaches to tackling these complex issues and find out how to make HFM do the dirty work for you.
In this session you will learn:
How to identify some of the most overlooked items when designing an automated cash flow solution in HFM
What Cumulative Translation Adjustment (CTA) is, how CTA, works and how this affects your cash flow solution
What non-cash items you will need to consider when designing your cash flow solution
Examples of how CTA and non-cash items can be addressed and solved, including explanations of the metadata and rules setup
Presenter: Matt Spencer
Date: 08/24/2018
International Financial Reporting Standards (IFRS)AbhirajSingh67
Accounting for Managers
International Financial Reporting Standards(IFRS) – Meaning or Definitions
Frameworks for IFRS
Importance
Advantages & Disadvantages
Requirements of the IFRS
Milestone Two
Geoff Brown
Professor Duhn
ACC 680
February 16, 2017
Introduction
I have worked as an accountant specialist for Whitlock Company for the past three years. I have gained a lot of experience that has shaped my accounting skills and knowledge. I have received promotions based on my good work to the position of heading accounting department. The company offers accounting services such as public accounting, bookkeeping and auditing. The company has developed a work plan. The work plan purpose is to consider particular factors and areas important to a commission determination as to how, when and whether the current financial reporting system in the company should be changed to a system integrating International Financial Reporting Standards (IFRS). The work plan showed that application of IFRS and sufficient development evaluation involve inventorying fields in which IFRS does not provide guidance than the GAAP.
Different reporting requirements for IFRS and GAAP
In GAAP, it presents a comparative financial statement and requires public organizations to follow SEC rules that need two-recent year’s balance sheets and the other statements should cover a three-year period ended on the balance sheet date. Nevertheless, one year can be presented in a specific condition. For IFRS, there must be disclosure of comparative information with respect to past period for all amounts reported in the present time financial statement.
Cont.
There is no general requirement to prepare income statements and balance sheets in accordance with particular layout in GAAP. But, public organizations are required to follow the detailed Regulation S-X requirements. However, IFRS does not recommend a customary layout. It involves a list minimum line items which are less prescriptive when compared to the Regulation S-X requirements.
There are no general requirements that solve the disclosure of performance measures for GAAP. Certain major measures are defined in SEC regulations and require the provision of certain subtotals and headings. For IFRS, there is presentation of certain traditional concepts such as subtotals and headings, and line items diversity in the income statements. It allows the presentation of additional headings and subtotals and line items in the comprehensive income statement.
Cont.
GAAP requires presentation of Debt which has covenant violation as a non-present if the creditor contract to waive the right to demand repayment for more than a year exists before the financial statement issuance. IFRS requires presentation of Debt associated with covenant violation as present unless the creditor contract was reached prior to the balance sheet date.
In GAAP, third balance sheet is not required. In IFRS, a third balance sheet should be presented at the beginning of comparative period when there is reclassifications that have a material effect, a retrospective restatement or a retrospective application of new accounting policies that hav ...
Financial Standard SettingIntroductionInternational Fina.docxbryanwest16882
Financial Standard Setting
Introduction
International Financial Reporting Standards (IFRS) are guidelines and rules that are designed by the International Accounting Standards Board (IASB) that are used to provide a uniform language and platform for reporting different financial statements. The IFRS has been adopted in many countries in Europe, Asia, South America, and Australia. The most notable absentee is the United States who uses the Generally Accepted Accounting Standards (GAAP). IFRS is meant to create transparency in financial reporting so that it can assist the end-users in informative decision making. https://coolassignment.com/2021/06/01/discuss-the-importance-of-an-organization-determining-its-operational-alignment/ The IFRS improves efficiency and accountability in reporting in the global markets. The IFRS is considered as a principle based standard compared to the U.S. GAAP which is rule-based standard. Since its adoption, Australia has benefited from IFRS in various ways, such as low cost of capital and uniformity in financial reporting. This paper will focus on some of the principles of IFRS, its benefits and how it compares to the U.S. GAAP.
The International Financial Reporting Standards has been able to promote transparency in that it has encouraged firms with subsidiaries to synchronize operations of the company like auditing reporting and training standards. It will be easy to monitor the processes of the firm and its subsidiaries if there are set standards that are universal to the whole company. The format used in the business entity should be similar in all the offices so that there is consistency in accounting and reporting the company records (Devereux, 2011).
The International Financial Reporting Standards pursues to level the playing field in preparation and presentation of financial statement of a person or a business entity. It is easy to compare the performance of both the domestic and foreign business entities. The use of a common accounting dialect by the multinational corporations and the subsidiaries to use IFRS in consolidation of the financial statements helps everyone in the system to understand. The use of a similar accounting and reporting standard helps to eradicate the differences brought about by the use of different accounting modes in financial statements (Kieso, Weygandt & Warfield, 2012). https://bestofassignment.com/criminology/write-a-personal-philosophy-of-leadership-through-your-construction-of-a-persona/
The use of a similar accounting standard will eliminate unnecessary cost and time in the preparation of reporting the financial statements. The use of different regulations and the standards in a firm may prove to be costly than use of the same standards. To embed IFRS uniform accounting standards in the firm and the subsidiaries reduces the cost of preparation of financial statement. This system will provide accurate and on time statements that are critical in the decision making of th.
If IFRS... Then - Part 1 - How IFRS Reporting Will Impact Filerseprentise
Although IFRS adoption in the US is still a few years away (according to the last SEC proposal: 2014 for large accelerated filers, 2015 for accelerated filers, and 2016 for non-accelerated filers and smaller companies), some US-based issuers may have the opportunity to report financials using IFRS standards sooner, depending on their industry and relative market share. Still, the SEC has not made its final decision and won’t until at least 2011, though it has renewed its commitment to move forward with adoption.
View the original Blog post: http://www.eprentise.com/blog/financial-standards/if-ifrs-then-part-1-how-ifrs-reporting-will-impact-filers/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
What are the Differences Between US GAAP and IFRS Financial Statement.pptxjayjani123
Ultimately, the "accurate" financial statements preparation for your business would depend on your unique requirements and preferences. It's advisable to conduct research, compare offerings, and potentially consult with professionals to determine the most suitable service provider for your needs. If you want accurate US GAAP Financial Statements preparation, then you should give a thought of going for Contetra Private Limited.
They will give you the best advice in the preparation of financial statements for the year as per Ind AS/IFRS/US GAAP, which shall include the Statement of Financial Position, Statement of Profit and Loss and Other Comprehensive Income, Statement of Cash Flows, Statement of Changes in Equity for the period, Notes to accounts, Comparatives and opening balance sheet of the previous period. Contact us now to know more about our services and expertise.
PronouncementDescribe what the company is currently doing un.docxbriancrawford30935
Pronouncement
Describe what the company is currently doing under GAAP.
What changes will occur under IFRS?
How will the transition to IFRS impact the company?
IFRS 1: First-time Adoption of International Financial Reporting Standards
IFRS 15: Revenue from Contracts with Customers
IAS 1:Presentation of Financial Statements
IAS 7: Statement of Cash Flow
IFRS 13:Fair Value Measurement
IAS 2: Inventory Accounting
IAS 16: Property, Plant and Equipment
IFRS 9: Financial Instruments
IAS 12: Income Taxes
IAS 17: Leases
IAS 10: Events After the Reporting Period
Impact Analysis Chart
[Name of Company]
1
Running head: IMPACT ANALYSIS
5
IMPACT ANALYSIS
Adoption of International Financial Reporting Standards (IFRS)
Unit 1 IP
Betty Thompson
ACCT655-1702A-01
Dr, Bih Horng-Chiang
April 16, 2017
Contents
Introduction 3
Major requirements of IFRS 1 for companies adopting IFRS for the first time 3
Key impacts of IFRS 15 on US companies during transition 3
Effects of adoption of IFRS 15 on the Statement of Cash Flows 5
Necessary updates to financial statements 5
References 6
Adoption of International Financial Reporting Standards (IFRS)Introduction
The Pelicans Corporation is a home equipment manufacturing company that was previously using the US GAAP laws to run its operations. The company is, however, planning on how to adopt the IFRS because it is a publically traded company. This impact analysis is to provide The Pelicans Corporation with a guide towards adopting the IFRS 1 and all the other laws. Major requirements of IFRS 1 for companies adopting IFRS for the first time
For a company to adopt IFRS for the first time, they are required to present their financial statement. From this, the IFRS will decide on which procedure to follow next. If the most recent financial statements presented are either under the GAAP, with a partial application of IFRS or with some reconciliation with the IFRS, they will then be considered. They will be considered also if the entity or company has prepared IFRS statements both for external use or if they haven’t prepared any Key impacts of IFRS 15 on US companies during transition
Revenue recognition has been the most common difference creating the biggest gap between IFRS and US GAAP; the gap is caused by the processes involved in IFRS and vice versa. Other laws e.g. the IAS have broad and wide revenue laws that are hard to make out, as a result, some companies ignore the laws and even create their laws regarding the revenue recognition. This step is a big leap into failure as some companies lack the knowledge to create effective laws. Some companies have established their IFRS policies which they based on US GAAP laws. This was a mix up of both policies hence creating an uneven situation to parties, the company, and the government.
Enterprises that have adopted IFRS 15 have an advantage over those who don't have it because the model presents .
Legg Mason’s Enterprise, Profit Driven Quest with Oracle EPM CloudAlithya
This presentation was given at Oracle Modern Business Experience, on 3/21/2019 by Wil Adkins, Managing Director FP&A, Legg Mason and Mike Killeen, SVP, Technology & Strategy, Alithya
Supply Chain Advisory and MMIS System Oracle ImplementationAlithya
Many healthcare systems are experiencing rising operation costs and expenses due to operational inefficiencies, making it more challenging — and expensive — to provide quality patient care and engagements.
In this workshop, learn how to establish clear opportunities to optimize your labor, processes, procedures, technology, and inventory costs and a vision to integrate and optimize your current technology investments.
Become an organization that reinvents itself to accelerate efficiencies and cost reduction strategies using digital transformation to provide integrated systems and solutions for an immediate impact.
Digital Transformation in Healthcare: Journey to Oracle Cloud for Integrated,...Alithya
Healthcare has always been a data-driven industry. Until recently, many healthcare institutions struggled with disparate data in siloed enterprise systems because an integrated Cloud solution wasn’t widely available across Enterprise Resource Planning (ERP), Human Capital Management (HCM), and Enterprise Performance Management (EPM) processes. Today more than ever, it is critical that health systems have the ability to deliver quality care at the right cost. Equally important is the ability to remain agile and adapt to events around them. Without the right foundation in place – these things are impossible. That is why digital transformation is the future of healthcare.
Healthcare has always been a data-driven industry. Until recently, many healthcare institutions struggled with disparate data in siloed enterprise systems because an integrated Cloud solution wasn’t widely available across Enterprise Resource Planning (ERP), Human Capital Management (HCM), and Enterprise Performance Management (EPM) processes. Today more than ever, it is critical that health systems have the ability to deliver quality care at the right cost. Equally important is the ability to remain agile and adapt to events around them. Without the right foundation in place – these things are impossible. That is why digital transformation is the future of healthcare.
In this session, attendees learn:
• Establishing the foundation in the chart of accounts. Visualize how the right COA design can provide actionable analytics.
• Gain an understanding of how financials can directly connect with an EPM-focused solution like Planning to reduce manual processes and increase the efficiency of financial operations teams, therefore, assisting in bringing about real cost transparency to your organization.
• Finally, see how a Human Capital Management (HCM) and Payroll solution integrates seamlessly with the Planning process to provide better visibility into and reporting capabilities on the organization’s employees.
Join us as we embark on the Oracle Cloud digital transformation journey in pursuit of improving healthcare outcomes and bending the cost curve.
nter-pod Revolutions: Connected Enterprise Solution in Oracle EPM Cloud Alithya
The session will discuss a library of solutions implemented at clients for transferring between applications in separate pods. Each configuration has its own merits and use case. The four main categories that will be discussed are -
1. Trickle Feed - uses a combination of inter-pod REST API connection, data management load rule, groovy scripting and scheduled EPM Automate job on a jump server to pick-up the files from source and push to target.
2. Focused On-save Push - pushes an intersection from source to target using inter-pod REST API connection, data management load rule and groovy scripting.
3. Scheduled Push- uses a combination of windows or Linux job, inter-pod REST API connection, groovy scripting, data management load rule and EPM Automate commands to extract and push data en masse from source to target.
4. Json Extract and Load - uses a combination of groovy scripting and inter-pod REST API connection to extract and push an intersection on-save.
The audience will walk-away with learnings and understanding of inter-pod configurations, mainly for EPM Cloud planning applications. Snippets of code will form the "gold dust" takeaway from the session.
Oracle Cloud Time and Labor: Default Payroll Rate, Override Rate and Flat Dol...Alithya
Presentation was given at ODTUG & OHUG HCM Week. Recorded on 11/6/2020 given by Karen N. Settembrino.
Review the configuration required to support showing the default rate on the Responsive UI and the Classic UI time card along with configuring the manager’s ability to override the rate when necessary. In addition, show the setup necessary to support flat dollar amount entries on the time card to pass to payroll.
AUSOUG I Am Paying for my Cloud License. What's Next?Alithya
Recorded on November 11th and presented by Alecsandra Mlynarzek at the AUSOUG Virtual Connect 2020
https://register.gotowebinar.com/recording/5672708553054083335
Oracle launched in 2019 the Enterprise Licensing model, a bundle that includes by default Profitability and Cost Management. We often pay for services/subscriptions that we never really use, but not because of their lack of usefulness, but rather a lack of knowledge on our part.
This presentation kicks off with an overview of the different types of business problems that can be solved by Profitability and Cost Management, based on real-life implementations, followed by a short demo of how to quickly get up to speed with Profitability and Cost Management and where to start using this service that now comes included with your subscription.
This presentation is ideal for both customers and implementation partners who have not yet embarked on the journey of discovering how dynamic Profitability and Cost Management really is.
A Journey to Profitability with Oracle PCMCSAlithya
A presentation that highlights the easy and effective journey to profitability using the Oracle Profitability and Cost Management solution implemented by Alithya.
Presentation originally delivered by Evan Leffler, Lead Consultant, to a live audience at HUGmn Tech Day in Chaska, MN, 3/14/18.
So, you can write basic calculations or maybe even intermediate. Nearly every Essbase and Planning applications requires calculations. The better you are at calculations, the more business value your applications deliver. But what makes the difference between good enough and great? What makes your code more reliable, faster, and easier to understand and debug? What techniques can you use to think through challenges and come up with solutions? This session offers some time-tested approaches to writing better calc scripts. Topics include:
Getting the requirements straight, thoroughly but without wasting time
Taking advantage of dimensionality and block structure
Variables and parameterization
One script or two?
What needs to be commented?
Alternative approaches to some common challenges
This session is intended for Essbase BSO developers who want to think about what “better code” means and how to write it. It requires at least some knowledge of Essbase BSO calculations.
Hosted by Ron Moore at the ODTUG Learn from Home Series
Interstellar - The Thomas Jefferson Enterprise EPM Cloud JourneyAlithya
It’s a story of an interstellar journey where Thomas Jefferson (TJ) unravels the capabilities of Oracle EPM Cloud to benefit their cloud digital transformation across its academic and clinical pillars. TJ has six entities which were on separate platforms ranging from on-premises Oracle EPM systems to elaborate MS Excel models. This made it difficult to execute enterprise-wide planning and performance reporting standards. Planning scenarios for what-ifs, enterprise initiatives, and allocations were not swift nor robust across all businesses. Oracle EPM Cloud has provided a uniform platform with entity, business unit, and department level scalable capabilities, resulting in a robust and repeatable Enterprise Planning and Reporting process.
Hosted by Vatsal Gaonkar, Alithya Ranzal and Michael Cain, Thomas Jefferson at the ODTUG Learn from Home Series
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
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During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
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The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
UiPath Test Automation using UiPath Test Suite series, part 3
Utilizing HFM to Handle the Requirements of IFRS
1. Utilizing HFM to Handle the Requirements of IFRS Peter Fugere Vice President Ranzal & Associates [email_address] http://www.linkedin.com/in/peterfugere #8075
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5. IFRS vs. U.S. GAAP Eventually, U.S. GAAP will go away, and IFRS will be the lone standard. Source: Deloitte – Straight Talk Book No. 11
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8. Among Others: IAS/IFRS US GAAP Fair Market -Revaluation FA & Investments Only certain FI Cash Flow Indirect (Favored) Direct/Indirect Consolidation Control 2 models Joint Ventures Proportional ok Only Equity Pensions 15 differences R&D: “Development” Dev. Capitalized Dev. Expensed Inventory No LIFO LIFO OK Impairment 1 Step, reversible Interest rate sensitive 2 Step, no reversal
9. How are the Statements Changing? Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows Statement of Comprehensive Income Statement of Financial Position Statement of Changes in Equity Statement of Cash Flow
17. USD Spent in Millions on IFRS Conversion Company Revenues Company Revenues USD Spent in Millions on IFRS Conversion The amount of estimated spend on IFRS varies widely within each category of company size, with some companies in the same size category expecting to spend far more than their peers. $23.2M $27.1M $48.5M $131.9M $160.9M $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $1 Billion to $4.9 Billion US $5 Billion to $9.9 Billion US $10 Billion to $19.9 Billion US $20 Billion to $49.9 Billion US $50 Billion US or more 0.731% 0.200% 0.141% 0.103% 0.298% 0.000% 0.100% 0.200% 0.300% 0.400% 0.500% 0.600% 0.700% 0.800% $1 Billion to $4.9 Billion US $5 Billion to $9.9 Billion US $10 Billion to $19.9 Billion US $20 Billion to $49.9 Billion US $50 Billion US or more Source: Accenture 2008 IFRS Survey Source: Accenture 2008 IFRS Survey
18. All Stages: Apply Policy and Control Management Determine impact on accounting in subsystems Configure accounting rules and set up ledgers Process and report using dual accounting Milestone 3 Transactions Recorded in Multiple GAAPs Stage 3 Record Transactions in both GAAPS Milestone 1 Completed Preliminary Study Stage 1 Study Impact & Determine Strategy Perform Preliminary Study Assess Impact Determine Strategy Determine changes to business model Transform operations using IFRS results Report IFRS results, increase shareholder value Stage 4 Transform Your Business & Win with IFRS Milestone 4 Business Model Optimized Collect GAAP Financial Results Adjust and Consolidate Under GAAP & IFRS Report, Reconcile and Audit Results Milestone 2 IFRS Reports Produced Stage 2 Enable Top End Reports
Consider, for example, the difference between telling your child to be home at a reasonable hour (principles based) and telling her to be home at 11 p.m. and then providing for the 15 contingencies that might justify a different time (rules based).
Consider, for example, the difference between telling your child to be home at a reasonable hour (principles based) and telling her to be home at 11 p.m. and then providing for the 15 contingencies that might justify a different time (rules based).
While IFRS currently fills approximately 2,000 pages of accounting regulations, U.S. GAAP comprises over 2,000 separate pronouncements, many of which are several hundred pages long, issued in various forms and formats by numerous bodies. The difference in volume alone reflects a difference between the historically rules-based approach underlying U.S. GAAP and the principles-based approach underlying IFRS.
Presentation. Users of IFRS statements quickly become aware of the fact that, while IFRS requires that a balance sheet and an income statement contain certain minimum information, IFRS does not require a precise format for the display of that information. Pre-Operating and Pre-Opening Costs. The differences between IFRS and U.S. GAAP can result in a difference in the assets appearing on an entity’s books. IFRS requires an entity to expense pre-operating and pre-opening costs and costs incurred in startup, training, advertising, moving and relocation. Any of those assets on a U.S. GAAP balance sheet would disappear in financial statements based on IFRS. Borrowing Costs. U.S. GAAP, on the other hand, mandates capitalization of borrowing costs for qualifying assets, but IFRS has permitted an entity to elect whether to capitalize or expense borrowing costs for qualified assets, provided the entity is consistent in its approach. Reflective of the convergence movement, IFRS will use the U.S. GAAP approach after Jan. 1, 2009. Fair Value. Even where the use of U.S. GAAP and IFRS result in the same assets appearing on a balance sheet, the values attributed to those assets may be different. IFRS permits an entity to regularly revalue property, plant and equipment to fair market value. An entity cannot pick and choose under IFRS, however, and if it revalues one item within a class of assets, it must revalue all items within the same class. IFRS provides for crediting increases in values to a revaluation reserve in the equity section of the balance sheet while decreases in values are treated as expenses to the extent the decreases exceed any previous revaluation increases. For investment property, both GAAP and IFRS approve of a historical cost based method with depreciation and impairment, but IFRS also permits an entity to account for the property on the basis of fair market value, recognizing changes in value as profit or loss. Obviously, if the two sets of standards result in reflecting different assets and asset valuations, one can also expect they will result in a difference in reported income or retained earnings. Inventories. IFRS permits an entity to reverse inventory write-downs in certain situations, whereas U.S. GAAP does not. IFRS also requires the recognition of certain development costs that U.S. GAAP accounting does not recognize. In valuing inventory under IFRS, LIFO is prohibited. Revenue recognition. Reflective of its principles-based approach, IFRS guidance regarding revenue recognition is less extensive than U.S. GAAP. IFRS, for example, does not have specific guidance for software revenue recognition. Extraordinary items. IFRS prohibits reporting items as extraordinary while U.S. GAAP permits reporting items as extraordinary in the income statement, albeit under very limited circumstances. Remember that many IFRS standards affect tax reporting The potential effect of IFRS on an enterprise’s income taxes is much broader that just IAS 12. The full implementation of all IFRS standards will affect an enterprise’s pre-tax reported profits and equity. You should therefore engage your tax professionals in the complete IFRS project, not just in the IAS 12. To determine the proper treatment for preparation of tax returns and computation of the tax provision, tax professionals will need to understand the impact of all IFRS standards – at the time when IFRS is adopted as well as on an ongoing basis. Many IFRS adjustments will create new or additional temporary differences that will need to be recognized in tax provisions and possibly on tax returns. Do not leave income tax computations to the last minute. Understand early how IRFS standards, including IAS 12, will affect your effective tax rate. You will need this knowledge not only for recasting financial budgets and forecasts, but also to communicate the impact of the IFRS changeover to stakeholders.
The financial statements will have new names. There is also a new statement reconciling net income to cash flow which must be included in the financial statement notes. The name changes though are just the beginning. In order to achieve the objective of cohesiveness between statements, the format of the statements will change. All statements are to be subdivided into the same general categories – a business section (subdivided further into operating and investing), a financing section , income taxes , discontinuing operations and equity . These classifications are similar to how today’s cash flow statement is divided.
Balance Sheet (Statement of Financial Position) biggest differences: It isn’t obvious that assets balance to liabilities plus equity The new format does not separate assets and liabilities into distinct sections. Instead, assets and liabilities are netted together in each of the sections. How mgm’t segregates assets or liabilities into each of the different section is subject to a fair bit of mgm’t judgement and their basis for classification must be disclosed in the financial statement notes. Totals for short-term and long-term assets in each section of the statement are optional. An entity must disclose the totals for short-term, long-term and total assets and liabilities but they can do so either in the statement or in the notes to the financial statements. There is no familiar total for liabilities plus equity. IFRS allows and encourages assets and liabilities to be valued at fair value rather than at historical cost, creating what is known as “remeasurement” adjustments on the Statement of Comprehensive Income. Despite the new format, the balance sheet still balances. Income statement (Statement of Comprehensive Income) biggest differences: Everything above net income is divided into the same categories that the balance sheet is classified in Within the OCI section, the entity must indicate to which category (operating, investing or financing) the actual line items relate to. Line items are further identified by function and then nature. For example, CoGS must be further subdivided into “Material costs”, “Labour costs”, and “Overhead”. Details for G&A expenses must also be disclosed. If these guidelines result in too lengthy of a statement, the entity can summarize the statement, but they must still present the details in the financial statement notes.
Cash Flows (Statement of Cash Flows) biggest differences: The indirect method of reporting cash flow will no longer be allowed. The indirect starts with income and making adjustments to arrive at cash flow. Most organizations opt to report under the indirect method since information for this format is usually more easily available from their accounting systems The direct method reports cash changes based on how much cash is paid for or received as a result of various activities. Another big difference is that there are no more cash equivalents. The statement reports only on changes in cash.
SEC rules currently require US public companies to include an audited balance sheet for the two most recent fiscal year-ends and audited statements of income, cash flows, and shareholders’ equity for the three most recent fiscal years. Additionally, IFRS requires a company to prepare and present its opening IFRS balance sheet on the face of the statement of financial position, which increases the total number of balance sheets required to three. Source: PWC – 10Minutes on Transitioning to IFRS If the U.S. moves forward with IFRS, public companies would need to support both U.S. GAAP and IFRS during a transition period.
Fewer years that a company has to maintain financial reporting in US/Canadian GAAP and also IFRS.
IFRS implementations has enterprise wide application – with implications beyond financial reporting – reaching and affecting all parts of the business. It requires modification of processes and systems to support the new accounting and reporting requirements. Therefore, it makes sense to assess readiness sooner rather than later.
Action Plan
IFRS could (actually most likely will) require adjustments to financial reporting systems, existing interfaces, and underlying databases to incorporate specific data to support IFRS reporting.
Begin your transition by fixing your starting point with a thorough assessment. Find out which IFRS or local GAAP requirements currently apply in the different jurisdictions where you report. Understand which specific differences between US/Canadian GAAP and IFRS will bring the most change—and risk—to your company. Then develop an internal structure to manage the changes ahead. Involve senior executives who represent the functions that are most affected by IFRS, such as tax, IT, HR, and treasury. Be sure you’re taking responsibility for educating your board and audit committee members.
Create an IFRS timeline that specifies when you’ll begin organization-wide transition to IFRS reporting, when you’ll actually file under IFRS, and all the stops along the way. One Approach you can take: Targeted implementations in statutory locations can be a smart way to road-test the technology, process, and accounting policy changes that will come with IFRS. From there, you can move on to pilot conversions of whole subsidiaries in areas where IFRS is permitted or will soon be required.
CoA = Chart of Accounts Oracle’s Financial Management Solutions help solve the fundamental information integrity issues, such as how to consistently collect, calculate, analyze, and store data from multiple systems, that are associated with the transition to a new accounting framework. By synchronizing data centrally from all systems, Oracle’s Financial Management Solutions improve transparency into business, financial and compliance performance across the enterprise; strengthen your control to enforce compliance with regulatory standards; and increase operational efficiency. Having accurate, consolidated information simplifies the task of producing high quality, transparent and comparable IFRS-compliant reports, helping you free up scarce resources to grow your business.
Centralized business functions in HFM & FDM make it easier to enforce consistent use of IFRS across reporting entities. Oracle’s Hyperion Financial Management and Oracle’s Hyperion Financial Data Quality Management offer standardized data management and financial consolidation and reporting processes for all of your source systems. In other words, the system holds a single instance of the full management and statutory chart of accounts and a completely separate and customizable hierarchy for any of the relevant GAAP's. In practical terms, this means that any of the chart of account lines can, if required, be analyzed to any of the applicable GAAPs.
Oracle applications also provide a number of specific capabilities to support individual IAS and IFRS requirements, summarized in the table below:
Oracle applications also provide a number of specific capabilities to support individual IAS and IFRS requirements, summarized in the table below:
This ideal consolidation model is completely amenable to change, and you can implement those changes dynamically and rapidly. HFM isolates data from its original capture to the final result, creating a complete and reliable audit trail. The solution also enables management to drill down to investigate data when necessary, to assist in reconciling or adjusting entries.
Centralized business functions in HFM & FDM make it easier to enforce consistent use of IFRS across reporting entities. Oracle’s Hyperion Financial Management and Oracle’s Hyperion Financial Data Quality Management offer standardized data management and financial consolidation and reporting processes for all of your source systems.
Fortunately, Oracle Hyperion Financial Management has smart data capture. End users choose a “point of view” that is relevant to them in the underlying database, and enter data in Web-based schedules that capture multi-GAAP data in a column format. Segmented reporting schedules, where required, can be populated using subforms in a separate window, thus scrolling pages is minimal. Administrators can guide end users with written instructions in an online form, or include comments at the cell level that explain an IFRS adjustment. These features support end users, help safeguard the reliability of the information, and increase confidence in the integrity of the system Segment Reporting In theory, segment reporting is used to identify appropriate business or geographic segments. The reality is that evolving standards are increasing the level of detail required for the “primary” segment, making the use of separate “secondary” segment reporting necessary. The increase in segment reporting means that reporting agents are more concerned with how to capture multidimensional data, such as multi GAAP data, from reporting entities. And they want to do this without encumbering end users with unmanageable schedules and forms that seem to scroll forever.
FDM – New application, new import formats, new locations, new mapping tables Companies transitioning to IFRS will inevitably find themselves having to capture data in new ways or gathering additional information. They may need to use new accounting definitions and valuations for certain balance sheet and income statement lines, obtain more comprehensive reporting from overseas operations, provide more detailed segment reporting, or comply with wider disclosure obligations. A change in accounting standards may not sound like a strategic change, but it does impact the way that the business is run, the way that success is measured, and the information and records that a company needs to maintain.
FDM – New application, new import formats, new locations, new mapping tables Companies transitioning to IFRS will inevitably find themselves having to capture data in new ways or gathering additional information. They may need to use new accounting definitions and valuations for certain balance sheet and income statement lines, obtain more comprehensive reporting from overseas operations, provide more detailed segment reporting, or comply with wider disclosure obligations. A change in accounting standards may not sound like a strategic change, but it does impact the way that the business is run, the way that success is measured, and the information and records that a company needs to maintain.