Script logic – or the application of specific business rules to achieve a certain planning or consolidation function within SAP BusinessObjects Planning and Consolidation –was on of the most talked about topics at the BPC Bootcamp in Chicago, June 13-15. While the benefits of script logic are clear, the execution piece can sometimes present a challenge.
Here are some tips pulled from the SAP PRESS book, SAP BusinessObjects Planning and Consolidation by Sridhar Srinivasan and Kumar Srinivisan, to help you get started with script logic in BPC:
Script logic can be executed in two ways. It can be either included in the file DEFAULT.LGF and automatically executed when users enter or load data to an application, or it can be executed using a data manager package.
DEFAULT.LGF is a special type of script logic file that is executed when you load data or enter data using an input template. The SAP BusinessObjects Planning and Consolidation system runs the default logic indicated in the DEFAULT.LGF file of the application.
You can also execute a script logic file from the data manager. Using a data manager package, you can develop script logic to perform specific data management tasks and execute the script logic.
After delving into a few specifics and figures, outlining the details of script logic, the authors go on to discuss business rules which, similarly to script logic, can be used to perform unique planning and consolidation tasks (without the need for code). Here is an overview of the different types of business rules you can create in BPC, pulled from section 6.3 of the book, SAP BusinessObjects Planning and Consolidation:
Instead of writing code, you can also configure business rules to perform certain tasks related to planning and consolidation. The code is already available in SAP function modules; you just need to call them in a script and pass the appropriate parameters to perform the desired function.
In this section, we will provide a brief introduction to the different business rules that can be configured in SAP BusinessObjects Planning and Consolidation.
1. Account transformation
Account transformation reads and aggregates the values posted to specific combinations of accounts, flow types, and data sources, and posts an aggregated amount under an alternate destination account, flow type, and data source combination.
2. Intercompany booking
Accounting transactions between two different entities within an organization need to be eliminated when reporting consolidation financial results. The intercompany booking business rule allows business users to set rules to post intercompany transactions to an elimination entity; this rule automatically generates the postings needed to eliminate intercompany transactions when reporting financial results.
3. Carry-forward
The carry-forward business rule is used to transfer the closing balances of a particular period into the opening balance of a subsequent period. This procedure is used to initialize the opening balance of a new reporting period with the closing balances from the last period.
4. Automatic adjustments
The most important of the necessary adjustments for legal consolidation relate to the elimination of intercompany transactions between the various reporting units, and reclassifications and supporting of the applicable rules for the accounting of long-term investments. The automatic adjustment business rule supports the calculation and generation of these postings.
Tuesday, September 7, 2010
Friday, August 20, 2010
Outlooksoft ramap SAP BPC Side
OutlookSoft Corporation is the first provider of unified, predictive performance management solutions that enable the predictable enterprise. The company's flagship solution OutlookSoft provides a single performance management platform for strategic planning, budgeting, forecasting, statutory consolidation, reporting, analysis, predictive analytics, scorecarding, and dashboards.In addition to its software, the company delivers related consulting, training, implementation, and ongoing product/client support services, both directly and through a network of strategic partner, reseller, and distributor relationships. OutlookSoft is a Gold Certified Microsoft Solution Partner for Business Intelligence and a member of the Oracle PartnerNetwork.
MICROSOFT EXCEL is the de factor language of business. For nearly a quarter of a century, spreadsheets have helped businesspeople of all stripes communicate their past performance as well as their expectations for the future. In many companies, everyone from the CEO down to the financial analysts and the line of- business managers relies on Excel spreadsheets to analyze numbers, manage their budgets, forecast financial outcomes, and model what-if scenarios.
Essential Ingredients for Effective Microsoft Excel-Based BPM
• Unified application for all BPM processes,including planning, budgeting, consolidation,
reporting, analysis, and scorecarding.
• Centralized database for a single version of the facts, ensuring the highest level of data
integrity, reliability, and consistency.
• Full process management, including versioning, workflow, status tracking, collaboration, security, and administration.
• Real-time integration with multidimensional database for faster and better-informed
analysis, reporting, and decision-making.
• Ability to integrate and manage data from any general ledger, ERP system, or operational data source.
• Easy, intuitive end-user reporting that includes parameterized and ad hoc queries
• Real-time read/write access, providing immediate results for optimal planning and
Decision-making.
• High level of scalability and support for stakeholder collaboration.
• Ability to manage both financial and operational performance data.
• Open-standards technology that lets customers leverage and extend their current
systems, applications, and processes.
MICROSOFT EXCEL is the de factor language of business. For nearly a quarter of a century, spreadsheets have helped businesspeople of all stripes communicate their past performance as well as their expectations for the future. In many companies, everyone from the CEO down to the financial analysts and the line of- business managers relies on Excel spreadsheets to analyze numbers, manage their budgets, forecast financial outcomes, and model what-if scenarios.
Essential Ingredients for Effective Microsoft Excel-Based BPM
• Unified application for all BPM processes,including planning, budgeting, consolidation,
reporting, analysis, and scorecarding.
• Centralized database for a single version of the facts, ensuring the highest level of data
integrity, reliability, and consistency.
• Full process management, including versioning, workflow, status tracking, collaboration, security, and administration.
• Real-time integration with multidimensional database for faster and better-informed
analysis, reporting, and decision-making.
• Ability to integrate and manage data from any general ledger, ERP system, or operational data source.
• Easy, intuitive end-user reporting that includes parameterized and ad hoc queries
• Real-time read/write access, providing immediate results for optimal planning and
Decision-making.
• High level of scalability and support for stakeholder collaboration.
• Ability to manage both financial and operational performance data.
• Open-standards technology that lets customers leverage and extend their current
systems, applications, and processes.
Wednesday, August 11, 2010
SAP BPC GOAL SEEK FUNCTIONS
SAP BPC GOAL SEEK FUNCTIONS
SAP BPC MS EXCEL FUNCTIONS
With BPC for Excel,
* Utilize the powerful and flexible formulas and functions within reports and input schedules to retrieve, display, and submit data for a real-time view of the financial position of your organization.
* Use predefined report and input schedule templates that you can also customize to meet your specific business requirements.
* Instantly change the information you see in a report or the entities, accounts, time period, and so on of input data simply by changing your current view.
* Display accurate, live data from the database within Microsoft Excel worksheets, Microsoft Word documents, and Microsoft PowerPoint slides.
* Analyze data in reports, perform data entry in input schedules, and distribute information based on user access rights when you are completely offline from the system.
* Submit budgets with a wide range of supporting attachments in the form of spreadsheets, documents, and presentations.
* Create hypothetical scenarios of future outcomes using powerful modeling functions.
* Post journal entries to carefully track changes to your data.
* Schedule and run Data Manager packages for loading, transforming, and manipulating financial data.
GOAL SEEK FUNCTION IN EXCEL
Goal Seek is a very powerful tool in Excel for finding break-even points or to perform tailored what-if analysis.
When you know the desired result of a formula but not the input value the formula needs to determine the result, you can use the Goal Seek feature in Excel available by clicking Goal Seek on the Tools menu. This back-solves the problem and finds the input value that satisfies your requested output value. You can change the value of a specified cell until the formula that is dependent on the changed cell returns the result you want. The Goal Seek function has thousands of applications and this tutorial looks at some specific solutions for mortgage or loan decisions. An accompanied workbook can be downloaded which illustrates the examples in this tutorial.
Goal Seek function
To use Goal Seek, a base model must to be set up in your Excel worksheet with the inputs and formulas already in place and working. The function is activated by clicking Goal Seek on the Tools menu.
* Set cell – The output cell
* To value – the target value of the output cell
* By changing cell - The cell that should change
The “Set cell” must always contain a formula or a function. The “By changing cell” must contain a value only, not a formula. Once you have already selected the “Set cell”, click to the “To value” cell and type in the desired value. Then finally click or tab to the “By changing cell” and select cell that you wish to change and click OK.
As soon as you select “OK” you will see that Goal Seek re-calculates the formula. Then you have options either to “OK” or “Cancel”. If “OK” is selected the new solved value will be inserted into the Worksheet. If “Cancel” is selected, the value in the worksheet will return to its original state.
Iterations in Goal Seek
Note that when goal seeking, Microsoft Excel backs into a solution using numerical iterations, so it won’t necessarily find the “exact” solution. It might come “close enough” and stop, or it might not be able to find the solution that you would like to achieve.
SAP BPC MS EXCEL GOAL SEEK FUNCTION EXAMPLE
How to Use Excel 2010's Goal Seek Feature
The Goal Seek feature in Excel 2010 is a what-if analysis tool that enables you to find the input values needed to achieve a goal or objective. To use Goal Seek, you select the cell containing the formula that will return the result you're seeking and then indicate the target value you want the formula to return and the location of the input value that Excel can change to reach the target.
The steps below follow a specific example for using Goal Seek to help you better understand how to use this feature. Refer to the figures for guidance. To use Goal Seek to find out how much sales must increase to return a net income of $300,000 in the first quarter, follow these steps:
1Select the cell containing the formula that will return the result you're seeking; in this example, cell C7.
This cell contains the formula that calculates the forecast for the first quarter of 2011.
2. On the Data tab, choose What-If Analysis Goal Seek in the Data Tools group.
This action opens the Goal Seek dialog box. Because cell C7 is the active cell when you open this dialog box, the Set Cell text box already contains the cell reference C7.
3. Select the To Value text box and enter the goal.
This is the value you want the formula in the Set Cell box to reach. In this example, it's 300000.
4. Select the By Changing Cell text box and select the cell that you want to change
Excel will change the value in this cell reference to try to reach the goal in the To Value box. In this example, cell C3 contains the first quarter sales. The absolute cell address, $C$3, appears in the text box.
5. Click OK.
Excel displays the Goal Seek Status dialog box along with the results. In this example, Excel increases the sales in cell C3 from $250,000 to $545,455, which, in turn, returns $300,000 as the income in cell C7.
6. If you want to keep the values entered in the worksheet as a result of goal seeking, click OK.
If you want to return to the original values, click the Cancel button instead. Notice that because all of the values in this table are formulas that ultimately are derived from the value in cell C3, all of the values changed when that cell value was updated during the Goal Seek process.
The Goal Seek Status dialog box informs you that goal seeking has found a solution and that the current value and target value are now the same. When this is not the case, the Step and Pause buttons in the dialog box become active, and you can have Excel perform further iterations to try to narrow and eliminate the gap between the target and current value.
To flip back and forth between the "after" and "before" values when you've closed the Goal Seek Status dialog box, click the Undo button or the Redo button on the Quick Access toolbar.
By Using the Goal seek function in EXCEL we can do different operations at SAP BPC
1. Import Online Data into Excel 2010 with a Web Query (Live Reports SAP BPC)
2.Split Data into Multiple Columns in Excel 2010 (Divide the Business Segmentation of Business Profits in SAP BPC)
3.Using Slicers to Filter Pivot Tables in Excel 2010 (Identify the Business Growth month to month or Q1to Q2, Yr to Yr with graphical Representation)
4.Create a Scenario Summary Report in Excel 2010 (Over all Business strategy)
5.Create a Two-Variable Data Table in Excel 2010 (New Business Positions)
6.Create and Format a Pivot Chart in Excel 2010 (Expand Of Business Segmentations)
7.Modifying a Pivot Table's Summary Function in Excel 2010(Work with Taxs across the Regions)
8.Setting Up Your Baseline in Excel Sales Forecasting (Know Sales Profit)
9.Filter an Excel 2010 Pivot Chart (Know about the Cost center values)
10.Evaluate Scenarios with Excel 2010's Scenario Manager (Analysis of the Operations Values)
Other forecasting techniques goal seek function
* Last months demand
* Average for the previous year
* Rolling average (i.e. 12 months)
* Gut-feeling (very popular)
* Simple or multiple regressions.
* Clustering by period
* Exponential smoothing
SAP BPC MS EXCEL FUNCTIONS
With BPC for Excel,
* Utilize the powerful and flexible formulas and functions within reports and input schedules to retrieve, display, and submit data for a real-time view of the financial position of your organization.
* Use predefined report and input schedule templates that you can also customize to meet your specific business requirements.
* Instantly change the information you see in a report or the entities, accounts, time period, and so on of input data simply by changing your current view.
* Display accurate, live data from the database within Microsoft Excel worksheets, Microsoft Word documents, and Microsoft PowerPoint slides.
* Analyze data in reports, perform data entry in input schedules, and distribute information based on user access rights when you are completely offline from the system.
* Submit budgets with a wide range of supporting attachments in the form of spreadsheets, documents, and presentations.
* Create hypothetical scenarios of future outcomes using powerful modeling functions.
* Post journal entries to carefully track changes to your data.
* Schedule and run Data Manager packages for loading, transforming, and manipulating financial data.
GOAL SEEK FUNCTION IN EXCEL
Goal Seek is a very powerful tool in Excel for finding break-even points or to perform tailored what-if analysis.
When you know the desired result of a formula but not the input value the formula needs to determine the result, you can use the Goal Seek feature in Excel available by clicking Goal Seek on the Tools menu. This back-solves the problem and finds the input value that satisfies your requested output value. You can change the value of a specified cell until the formula that is dependent on the changed cell returns the result you want. The Goal Seek function has thousands of applications and this tutorial looks at some specific solutions for mortgage or loan decisions. An accompanied workbook can be downloaded which illustrates the examples in this tutorial.
Goal Seek function
To use Goal Seek, a base model must to be set up in your Excel worksheet with the inputs and formulas already in place and working. The function is activated by clicking Goal Seek on the Tools menu.
* Set cell – The output cell
* To value – the target value of the output cell
* By changing cell - The cell that should change
The “Set cell” must always contain a formula or a function. The “By changing cell” must contain a value only, not a formula. Once you have already selected the “Set cell”, click to the “To value” cell and type in the desired value. Then finally click or tab to the “By changing cell” and select cell that you wish to change and click OK.
As soon as you select “OK” you will see that Goal Seek re-calculates the formula. Then you have options either to “OK” or “Cancel”. If “OK” is selected the new solved value will be inserted into the Worksheet. If “Cancel” is selected, the value in the worksheet will return to its original state.
Iterations in Goal Seek
Note that when goal seeking, Microsoft Excel backs into a solution using numerical iterations, so it won’t necessarily find the “exact” solution. It might come “close enough” and stop, or it might not be able to find the solution that you would like to achieve.
SAP BPC MS EXCEL GOAL SEEK FUNCTION EXAMPLE
How to Use Excel 2010's Goal Seek Feature
The Goal Seek feature in Excel 2010 is a what-if analysis tool that enables you to find the input values needed to achieve a goal or objective. To use Goal Seek, you select the cell containing the formula that will return the result you're seeking and then indicate the target value you want the formula to return and the location of the input value that Excel can change to reach the target.
The steps below follow a specific example for using Goal Seek to help you better understand how to use this feature. Refer to the figures for guidance. To use Goal Seek to find out how much sales must increase to return a net income of $300,000 in the first quarter, follow these steps:
1Select the cell containing the formula that will return the result you're seeking; in this example, cell C7.
This cell contains the formula that calculates the forecast for the first quarter of 2011.
2. On the Data tab, choose What-If Analysis Goal Seek in the Data Tools group.
This action opens the Goal Seek dialog box. Because cell C7 is the active cell when you open this dialog box, the Set Cell text box already contains the cell reference C7.
3. Select the To Value text box and enter the goal.
This is the value you want the formula in the Set Cell box to reach. In this example, it's 300000.
4. Select the By Changing Cell text box and select the cell that you want to change
Excel will change the value in this cell reference to try to reach the goal in the To Value box. In this example, cell C3 contains the first quarter sales. The absolute cell address, $C$3, appears in the text box.
5. Click OK.
Excel displays the Goal Seek Status dialog box along with the results. In this example, Excel increases the sales in cell C3 from $250,000 to $545,455, which, in turn, returns $300,000 as the income in cell C7.
6. If you want to keep the values entered in the worksheet as a result of goal seeking, click OK.
If you want to return to the original values, click the Cancel button instead. Notice that because all of the values in this table are formulas that ultimately are derived from the value in cell C3, all of the values changed when that cell value was updated during the Goal Seek process.
The Goal Seek Status dialog box informs you that goal seeking has found a solution and that the current value and target value are now the same. When this is not the case, the Step and Pause buttons in the dialog box become active, and you can have Excel perform further iterations to try to narrow and eliminate the gap between the target and current value.
To flip back and forth between the "after" and "before" values when you've closed the Goal Seek Status dialog box, click the Undo button or the Redo button on the Quick Access toolbar.
By Using the Goal seek function in EXCEL we can do different operations at SAP BPC
1. Import Online Data into Excel 2010 with a Web Query (Live Reports SAP BPC)
2.Split Data into Multiple Columns in Excel 2010 (Divide the Business Segmentation of Business Profits in SAP BPC)
3.Using Slicers to Filter Pivot Tables in Excel 2010 (Identify the Business Growth month to month or Q1to Q2, Yr to Yr with graphical Representation)
4.Create a Scenario Summary Report in Excel 2010 (Over all Business strategy)
5.Create a Two-Variable Data Table in Excel 2010 (New Business Positions)
6.Create and Format a Pivot Chart in Excel 2010 (Expand Of Business Segmentations)
7.Modifying a Pivot Table's Summary Function in Excel 2010(Work with Taxs across the Regions)
8.Setting Up Your Baseline in Excel Sales Forecasting (Know Sales Profit)
9.Filter an Excel 2010 Pivot Chart (Know about the Cost center values)
10.Evaluate Scenarios with Excel 2010's Scenario Manager (Analysis of the Operations Values)
Other forecasting techniques goal seek function
* Last months demand
* Average for the previous year
* Rolling average (i.e. 12 months)
* Gut-feeling (very popular)
* Simple or multiple regressions.
* Clustering by period
* Exponential smoothing
Monday, June 7, 2010
Statutory consolidation SAP BPC
Statutory consolidation
Statutory consolidation
A merger in which a new corporate is created from the two merging companies which cease to exist. opposite of a statutory merger.
statutory : Enacted by legislation.
1. To make into law: Congress enacted a tax reform bill.
2. To act (something) out, as on a stage: enacted the part of the parent.
Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smallercompanies into much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as a consolidated account. The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes. Under the Halsbury's Laws of England, 'amalgamation' is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings. There may be amalgamations, either by transfer of two or more undertakings to a new company, or to the transfer of one or more companies to an existing company". Thus, the two concepts are, substantially, the same. However, the term amalgamation is more common when the organizations being merged are private schools or regiments.
Here are three forms of business combinations:
1.Statutory Merger: a business combination that results in the liquidation of the acquired company’s assets and the survival of the purchasing company.
2.Statutory Consolidation: a business combination that creates a new company in which none of the previous companies survive.
3.Stock Acquisition: a business combination in which the purchasing company acquires the majority, more than 50%, of the Common stock of the acquired company and both companies survive.
4.Amalgamation: Means an existing Company which is taken over by another existing company. In such course of amalgamation, the consideration may be paid in "cash" or in "kind", and the purchasing company survives in this process....
A parent company can acquire another company in two ways:
5.By purchasing the net assets.
6.By purchasing the common stock of another company.
Regardless of the method of acquisition; direct costs, costs of issuing securities and indirect costs are treated as follows:
7.Direct costs, Indirect and general costs: the acquiring company expenses all acquisition related costs as they are incurred.
8.Costs of issuing securities: these costs reduce the issuing price of the stock.
Purchase of Net Assets.
Treatment to the acquiring company: When purchasing the net assets the acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer.
Treatment to the acquired company: The acquired company records in its books the elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from the transfer included common stock from the purchasing company). If the acquired company is liquidated then the company needs an additional entry to distribute the remaining assets to its shareholders.
Purchase of Common Stock
Treatment to the purchasing company: When the purchasing company acquires the subsidiary through the purchase of its common stock, it records in its books the investment in the acquired company and the disbursement of the payment for the stock acquired.
Treatment to the acquired company: The acquired company records in its books the receipt of the payment from the acquiring company and the issuance of stock.
Consolidated financial statements are financial statements that factor the holding company's subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group. Doing so typically requires a complex set of eliminating and consolidating entries to work back from individual financial statements to a group financial statement that is an accurate representation of operations.
Consolidation and Reporting solutions allow financial managers to:
Reduce close cycle times
Reduce costs and risks
Create enterprise value
Improve margins
Greater company agility to help manage the bottom line
More time for decision making
Financial Data Quality Management Benefits
• Increase your financial data quality and confidence in the numbers
• Simplify the collection, mapping, verification, and movement of financial data
• Standardize on repeatable financial processes
• Lower the cost of compliance
• Improve productivity of finance staff and eliminate manual file manipulation and bottlenecks
Financial Data Quality Management Features
• Audit trails deliver process transparency
• Web-based, guided workflow user interface helps users easily create timely, accurate financial data management processes
• Data preparation server aids the integration and validation of financial data from any source system
• Pre-packaged BPM Adapters for Oracle Hyperion EPM Suite applications so you can further reduce integration costs and data mapping complexities
• Ability to incorporate SOX 302 Sub Certifications and 404 Assessments within the closing process
• Data validations and quality checking at every step in the process
• More than 85 pre-built audit, log, system, and process management reports
STATUTORY MERGER is a merger where one entity remains as a legal entity, instead of a new legal entity being formed.
STATUTORY CONSOLIDATION is a merger where a new corporate entity is created from the two merging entities; the two merging entities
How to do profit consolidation
Choosing the right consolidation company is an important decision that you need to make during debt consolidation. There are both for-profit and non-profit debt consolidation companies operating in the market.
There are debt consolidation non profit firms that are certified by the IRS as charitable organizations that can help you in consolidating your debts. These companies have obtained charitable status from the IRS. make sure Identify the Companies is a non profit organization or profit organisation.
How do they manage to work in non profit manner?
The Company is “non profit” may create an illusion in the mind of the customer. In this world where nothing comes for free, how can thesecompanies survive as non profit? Well, the word non profit doesn’t necessarily mean that the service is free of cost rather it only means that there wouldn’t be any overall profit for the company at the end of the negotiation.
These debt consolidation non profit companies are normally funded by donation, and not abusiness cash advance, from the customers as well as creditors. Creditors would pay a percentage of the settled amount to the non profit organization for their services. Some companies may also charge nominal fees from the customer.
How would they help you?
The debt consolidation non profit companies don’t work very differently than the for-profit ones. You would be assigned to a case manager who would look into your debt situation and guide you accordingly.
You would then be presented with an agreement which would explain how your consolidation program would work and how much you would need to spend for it. Once you agree to the contract, the counselor would then negotiate with the creditors to lower your interest rates.
You are required to make monthly payments which then will be disbursed amongst your creditors to satisfy your debt obligation. The advantage of this program is that it will stop harassment from the creditors.
Statutory consolidation
A merger in which a new corporate is created from the two merging companies which cease to exist. opposite of a statutory merger.
statutory : Enacted by legislation.
1. To make into law: Congress enacted a tax reform bill.
2. To act (something) out, as on a stage: enacted the part of the parent.
Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smallercompanies into much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as a consolidated account. The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes. Under the Halsbury's Laws of England, 'amalgamation' is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings. There may be amalgamations, either by transfer of two or more undertakings to a new company, or to the transfer of one or more companies to an existing company". Thus, the two concepts are, substantially, the same. However, the term amalgamation is more common when the organizations being merged are private schools or regiments.
Here are three forms of business combinations:
1.Statutory Merger: a business combination that results in the liquidation of the acquired company’s assets and the survival of the purchasing company.
2.Statutory Consolidation: a business combination that creates a new company in which none of the previous companies survive.
3.Stock Acquisition: a business combination in which the purchasing company acquires the majority, more than 50%, of the Common stock of the acquired company and both companies survive.
4.Amalgamation: Means an existing Company which is taken over by another existing company. In such course of amalgamation, the consideration may be paid in "cash" or in "kind", and the purchasing company survives in this process....
A parent company can acquire another company in two ways:
5.By purchasing the net assets.
6.By purchasing the common stock of another company.
Regardless of the method of acquisition; direct costs, costs of issuing securities and indirect costs are treated as follows:
7.Direct costs, Indirect and general costs: the acquiring company expenses all acquisition related costs as they are incurred.
8.Costs of issuing securities: these costs reduce the issuing price of the stock.
Purchase of Net Assets.
Treatment to the acquiring company: When purchasing the net assets the acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer.
Treatment to the acquired company: The acquired company records in its books the elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from the transfer included common stock from the purchasing company). If the acquired company is liquidated then the company needs an additional entry to distribute the remaining assets to its shareholders.
Purchase of Common Stock
Treatment to the purchasing company: When the purchasing company acquires the subsidiary through the purchase of its common stock, it records in its books the investment in the acquired company and the disbursement of the payment for the stock acquired.
Treatment to the acquired company: The acquired company records in its books the receipt of the payment from the acquiring company and the issuance of stock.
Consolidated financial statements are financial statements that factor the holding company's subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group. Doing so typically requires a complex set of eliminating and consolidating entries to work back from individual financial statements to a group financial statement that is an accurate representation of operations.
Consolidation and Reporting solutions allow financial managers to:
Reduce close cycle times
Reduce costs and risks
Create enterprise value
Improve margins
Greater company agility to help manage the bottom line
More time for decision making
Financial Data Quality Management Benefits
• Increase your financial data quality and confidence in the numbers
• Simplify the collection, mapping, verification, and movement of financial data
• Standardize on repeatable financial processes
• Lower the cost of compliance
• Improve productivity of finance staff and eliminate manual file manipulation and bottlenecks
Financial Data Quality Management Features
• Audit trails deliver process transparency
• Web-based, guided workflow user interface helps users easily create timely, accurate financial data management processes
• Data preparation server aids the integration and validation of financial data from any source system
• Pre-packaged BPM Adapters for Oracle Hyperion EPM Suite applications so you can further reduce integration costs and data mapping complexities
• Ability to incorporate SOX 302 Sub Certifications and 404 Assessments within the closing process
• Data validations and quality checking at every step in the process
• More than 85 pre-built audit, log, system, and process management reports
STATUTORY MERGER is a merger where one entity remains as a legal entity, instead of a new legal entity being formed.
STATUTORY CONSOLIDATION is a merger where a new corporate entity is created from the two merging entities; the two merging entities
How to do profit consolidation
Choosing the right consolidation company is an important decision that you need to make during debt consolidation. There are both for-profit and non-profit debt consolidation companies operating in the market.
There are debt consolidation non profit firms that are certified by the IRS as charitable organizations that can help you in consolidating your debts. These companies have obtained charitable status from the IRS. make sure Identify the Companies is a non profit organization or profit organisation.
How do they manage to work in non profit manner?
The Company is “non profit” may create an illusion in the mind of the customer. In this world where nothing comes for free, how can thesecompanies survive as non profit? Well, the word non profit doesn’t necessarily mean that the service is free of cost rather it only means that there wouldn’t be any overall profit for the company at the end of the negotiation.
These debt consolidation non profit companies are normally funded by donation, and not abusiness cash advance, from the customers as well as creditors. Creditors would pay a percentage of the settled amount to the non profit organization for their services. Some companies may also charge nominal fees from the customer.
How would they help you?
The debt consolidation non profit companies don’t work very differently than the for-profit ones. You would be assigned to a case manager who would look into your debt situation and guide you accordingly.
You would then be presented with an agreement which would explain how your consolidation program would work and how much you would need to spend for it. Once you agree to the contract, the counselor would then negotiate with the creditors to lower your interest rates.
You are required to make monthly payments which then will be disbursed amongst your creditors to satisfy your debt obligation. The advantage of this program is that it will stop harassment from the creditors.
Sunday, April 25, 2010
BPC Web
BPC Web
You can start BPC Web from the BPC Launch page by choosing BPC Web. Alternatively, you can start BPC Web from another BPC component (for example, BPC for Office or BPC Administration).
BPC Web provides the following features:
• Change the language in which you see the BPC Web interface text and messages, as well as member descriptions in BPC for Office.
• Share and access files such as Microsoft Office documents, HTML files, text files, images, and report files.
• Post web pages.
• Access existing reports and create new reports..
• Submit and retrieve text commentary associated with BPC data cells or other BPC unstructured data elements.
Content Library
The Content Library is a repository for storing files that you want to share. Valid file types include Microsoft Word, Excel, and PowerPoint, HTML, text (such as an e-mail), web pages and images, but the list of file types can be customized by your system administrator.
Posting Documents
We can post documents that reside on a hard drive or network folder. Posted files display in a list and are filtered by a user's current view, a user's view rights to information, and any manual filters set.
When we post a document to the Content Library using the Content Library Options action pane, we can describe the document, set access to the document, and determine whether you want to send a notification e-mail about the posting.
We can assign a document type and subtype to aid sorting and filtering. System administrators define document types. Subtypes are defined by a user when the document is posted.
Documents that have application context are associated with a current view. For example, a Microsoft Word document might be associated with a particular report. If you want to view a report and anything that is associated with that report, you can view a particular current view. Relevant reports and documents are displayed.
Customizing the Display of the Content Library List
We can sort the list by clicking Sort this list from the Content Library Options action pane or by clicking a column heading.
You can categorize, sort, and filter documents in the Content Library list by:
• Document type and subtype
• Application context
• Access rights
• Date
You can view one item by choosing its title. You can delete items that you posted to the Content Library.
By using content library we can create a web page with different options Modify the object, Set Team Access to the page, Preview the output, Save and view the output. Once the page is open, you can add and view comments, modify the contents of the page, or delete the page.
A Web Ready File, which can be an Excel spreadsheet, published report, Word document, PowerPoint slide, web page, and so on, which has been published using Business Planning and Consolidation (BPC) for Excel. Content library can work with live reports, Document File, Documents List, and Web site.
Live Reporting is the web-based reporting and data input option for Business Planning and Consolidation (BPC).
Live Reporting provides the ability to create a report, start from a blank page, or edit an existing report or input schedule. format reports by setting a data scale, suppression options, header visibility, column width, and data format.
Format live reports to determine their appearance.
• Scaling numbers
• Suppressing rows and columns containing null values
• Displaying and hiding column and row headers
• Setting column width
• Defining the font type, size, and color of report data
You
We can create a chart from a live report, or add a chart to a live report so it displays on the same page. When you change the report in any way, the associated chart is also updated.
• You can display the live report and a chart side by side, or only the chart alone.
• You can set the width and height of the chart, the type of chart (bar, column, line, point, pie, area), and whether it is 2D or 3D.
• You can display a legend for the chart and determine its location, alignment, font type, font size, and font color.
• You can remove a chart from a report by clicking the display option Report Only within the chart options on the Drag & Drop Options action pane.
You can start BPC Web from the BPC Launch page by choosing BPC Web. Alternatively, you can start BPC Web from another BPC component (for example, BPC for Office or BPC Administration).
BPC Web provides the following features:
• Change the language in which you see the BPC Web interface text and messages, as well as member descriptions in BPC for Office.
• Share and access files such as Microsoft Office documents, HTML files, text files, images, and report files.
• Post web pages.
• Access existing reports and create new reports..
• Submit and retrieve text commentary associated with BPC data cells or other BPC unstructured data elements.
Content Library
The Content Library is a repository for storing files that you want to share. Valid file types include Microsoft Word, Excel, and PowerPoint, HTML, text (such as an e-mail), web pages and images, but the list of file types can be customized by your system administrator.
Posting Documents
We can post documents that reside on a hard drive or network folder. Posted files display in a list and are filtered by a user's current view, a user's view rights to information, and any manual filters set.
When we post a document to the Content Library using the Content Library Options action pane, we can describe the document, set access to the document, and determine whether you want to send a notification e-mail about the posting.
We can assign a document type and subtype to aid sorting and filtering. System administrators define document types. Subtypes are defined by a user when the document is posted.
Documents that have application context are associated with a current view. For example, a Microsoft Word document might be associated with a particular report. If you want to view a report and anything that is associated with that report, you can view a particular current view. Relevant reports and documents are displayed.
Customizing the Display of the Content Library List
We can sort the list by clicking Sort this list from the Content Library Options action pane or by clicking a column heading.
You can categorize, sort, and filter documents in the Content Library list by:
• Document type and subtype
• Application context
• Access rights
• Date
You can view one item by choosing its title. You can delete items that you posted to the Content Library.
By using content library we can create a web page with different options Modify the object, Set Team Access to the page, Preview the output, Save and view the output. Once the page is open, you can add and view comments, modify the contents of the page, or delete the page.
A Web Ready File, which can be an Excel spreadsheet, published report, Word document, PowerPoint slide, web page, and so on, which has been published using Business Planning and Consolidation (BPC) for Excel. Content library can work with live reports, Document File, Documents List, and Web site.
Live Reporting is the web-based reporting and data input option for Business Planning and Consolidation (BPC).
Live Reporting provides the ability to create a report, start from a blank page, or edit an existing report or input schedule. format reports by setting a data scale, suppression options, header visibility, column width, and data format.
Format live reports to determine their appearance.
• Scaling numbers
• Suppressing rows and columns containing null values
• Displaying and hiding column and row headers
• Setting column width
• Defining the font type, size, and color of report data
You
We can create a chart from a live report, or add a chart to a live report so it displays on the same page. When you change the report in any way, the associated chart is also updated.
• You can display the live report and a chart side by side, or only the chart alone.
• You can set the width and height of the chart, the type of chart (bar, column, line, point, pie, area), and whether it is 2D or 3D.
• You can display a legend for the chart and determine its location, alignment, font type, font size, and font color.
• You can remove a chart from a report by clicking the display option Report Only within the chart options on the Drag & Drop Options action pane.
Thursday, March 25, 2010
Journals
Journals to record and make adjustments to data in the database.
A journal template has been created for the application set.
The appropriate security to perform Journals.
The procedure or steps Journals:
Go to BPC Admin
Manage applications
Finance folder (or any application)
Click Journals
On Action pane click Journal Wizard
Select Header and Detail Dimensions
Create additional header items and sub-items
click finish to create journal template
Setup Task profile for Journals in SECURITY folder
Go to BPC for Excel
From eTools menu, select Journal
From eJournal menu, select New
Create Multi-Header Journal
Save the Journal
Click eJournal menu, select Manager
Post journal entries
Click eJournal menu, select Manager
Execute query (for Journal reports)
A journal template has been created for the application set.
The appropriate security to perform Journals.
The procedure or steps Journals:
Go to BPC Admin
Manage applications
Finance folder (or any application)
Click Journals
On Action pane click Journal Wizard
Select Header and Detail Dimensions
Create additional header items and sub-items
click finish to create journal template
Setup Task profile for Journals in SECURITY folder
Go to BPC for Excel
From eTools menu, select Journal
From eJournal menu, select New
Create Multi-Header Journal
Save the Journal
Click eJournal menu, select Manager
Post journal entries
Click eJournal menu, select Manager
Execute query (for Journal reports)
SAP BPC Audit
SAP BPC Audit
SAP BPC is a powerful tool, when organizations have performance, scalability, or data accessibility issues need audit to reduce the process inheritance and improve the process.
BPC has Data auditing and Activity auditing.
Activity Auditing
This function tracks administrative and user tasks at the application set level.
The activity audit records information on system changes, for example, who is creating, changing, deleting applications, dimensions, security, and so on.
Show activity type has following options are available:
• All - All activity types
• Add - Only add activity
• Change - Only activity that involves changes within the system
• Delete - Only delete activity
Reporting on Data Audit Information
Planning and Consolidation records data audit information on who changed transactional data in the application. Since a data audit can only be captured for an application, this report is only applicable at the application-level.
A report shows who changed the data, what time they made the change, how they made the change (for example, through logic or Interface for Excel), and the details of the record that was changed.
The Value field shows you what SIGNEDDATA was changed to, as a result of the change. That is, it shows you the new value (neither the original nor the delta value posted to the database).
Data Auditing
this function tracks changes to transactional data at the application level, such as when and by whom records were changed within an application.
Administrators control whether data auditing is active or not. To enable data auditing, ensure an application set is within your current view, then choose Manage Data Audit.
For each application within the application set, you select a category and one or more of the following tasks to audit:
• Planning and Consolidation for Office
• Data Manager Import
• Data Manager Clear
• Logic Execution
• Live Report
• Journals
We can managing data audit settings, Reporting on data audit information, Purging and archiving data audit logs.
Activity auditing allows you to track the administrative tasks performed in the system. Once activity is recorded, you can run a report that shows system activity, based on specified criteria. The report shows when the task was performed, and by whom.
If enabled, BPC tracks activity for the following functional tasks:
• Application set and application setup
• User and team setup
• Member access and task profile setup
• Business Process Flow management
• Adding, deleting, and modifying business process flows
• Saving business process flows to new names
• Data audit maintenance and activation of data audits
• Document type and document sub-type setup
• Activation of activity audit
It doesnt capture details regarding the work status.
SAP BPC is a powerful tool, when organizations have performance, scalability, or data accessibility issues need audit to reduce the process inheritance and improve the process.
BPC has Data auditing and Activity auditing.
Activity Auditing
This function tracks administrative and user tasks at the application set level.
The activity audit records information on system changes, for example, who is creating, changing, deleting applications, dimensions, security, and so on.
Show activity type has following options are available:
• All - All activity types
• Add - Only add activity
• Change - Only activity that involves changes within the system
• Delete - Only delete activity
Reporting on Data Audit Information
Planning and Consolidation records data audit information on who changed transactional data in the application. Since a data audit can only be captured for an application, this report is only applicable at the application-level.
A report shows who changed the data, what time they made the change, how they made the change (for example, through logic or Interface for Excel), and the details of the record that was changed.
The Value field shows you what SIGNEDDATA was changed to, as a result of the change. That is, it shows you the new value (neither the original nor the delta value posted to the database).
Data Auditing
this function tracks changes to transactional data at the application level, such as when and by whom records were changed within an application.
Administrators control whether data auditing is active or not. To enable data auditing, ensure an application set is within your current view, then choose Manage Data Audit.
For each application within the application set, you select a category and one or more of the following tasks to audit:
• Planning and Consolidation for Office
• Data Manager Import
• Data Manager Clear
• Logic Execution
• Live Report
• Journals
We can managing data audit settings, Reporting on data audit information, Purging and archiving data audit logs.
Activity auditing allows you to track the administrative tasks performed in the system. Once activity is recorded, you can run a report that shows system activity, based on specified criteria. The report shows when the task was performed, and by whom.
If enabled, BPC tracks activity for the following functional tasks:
• Application set and application setup
• User and team setup
• Member access and task profile setup
• Business Process Flow management
• Adding, deleting, and modifying business process flows
• Saving business process flows to new names
• Data audit maintenance and activation of data audits
• Document type and document sub-type setup
• Activation of activity audit
It doesnt capture details regarding the work status.
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