Empower Your Financial Staff With One View Financial ... · Empower Your Financial Staff With One View Financial Statements Infocus 2015 Karen L. Brown, Senior Principal Product Manager

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Empower Your Financial Staff With One View Financial StatementsInfocus 2015

Karen L. Brown, Senior Principal Product ManagerJD EdwardsAugust 2015

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Program Agenda

Business problem

Solution

Benefits

Key Features

Summary

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2

3

5

4


Business Problem

• Today’s Financial Report Writer is developer tool

• Financial users today demand many things

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Business Problem


FRW Today• Real time access to data and

statements • Book quality – no• Different formats – no• Fast run times - no• Data visualization – no• Self service – no

• Easy to create – no


Solution

• New feature in One View for Financials specifically for Financial Statements

• Easy to use interface for financial users to create statements

• Ability to create book quality statements with data visualization in many formats

• Self service applications to run and view statements quickly

• Sample content for standard Financial Statements (i.e. Balance Sheet and Income Statement) to help get started

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Solution One View Financial

Statements• Real time access to data and

statements • Book quality • Different formats• Fast run times• Data visualization• Self service

• Easy to create


Solution

New One View Financial

Statements


Benefits• User Experience

– Financial statement creation done by the financial users that are responsible for them

– JD Edwards EnterpriseOne Applications for a consistent user interface

– One View Reporting technology for ease of use when creating report layouts

• User Productivity

– Financial statement within minutes versus hours

– Pre-built content to enable easy adoption

– Standard JD Edwards EnterpriseOne Interface and One View Reporting with BI Publisher

• Total Cost of Ownership

– Native JD Edwards EnterpriseOne product to create Financial Statements

– 3rd Party products no longer needed for this functionality

– Does not require IT

10


Key Features



Key FeaturesUnderstanding a Financial Statement

12

To understand the architecture of One

View Financial Statements we must first look at a typical Financial Statement


Key FeaturesAnatomy of a Balance Sheet

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A Financial Statement is a listing of account balances

summarized by account information



14

The rows define

how the balances are summarized



15

Sections define how the rows are

grouped on the statement.



16

The columns define

what balances are summarized



17

There are totalsand subtotals on

the statements



18

Some columns are

calculations based upon other columns


Key FeaturesOne View Financial Statement Components

• Building Blocks of a Financial Statement– Row Definitions

– Column Definitions

• Statement definitions – Identify the sections of the statement and the rows and columns for each section

• Layouts– Format the statement

– Perform Calculations and Totals

• Statement versions– Options for running the statement

– Layout and format

– Data selection

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Statement Definition Balance Sheet

Sections on a Statement Assets Liabilities

Row Definitions Current Assets

Fixed Assets

Current Liabilities

Long Term Liabilities

Column Definitions Current Period

Last Period

Current Period

Last Period

Current Period

Last Period

Current Period

Last Period



Statement Definition Balance Sheet

Layouts Balance Sheet – Single Business Unit

Balance Sheet – Multiple Business Units

Versions Business Unit 174

Business Unit 274

Company 180 Company 280


Key FeaturesDefining One View Financial Statements Process Flow

Create Column Definitions

Create Row Definitions

Create Statement Definitions

• Rows & Columns

• Sections

• Subtotals

Create Layouts

• Formatting

• Calculations

Create Versions

• Run Options

• Data Selection

• Layout & Format


Key FeaturesRow Definitions

• Define how to summarize the balances on the statement

• Data Selection

• Multiple row types

23


Key FeaturesRow Examples

24

Prepared by Jon Smith

Asset accounts with Level of Detail Rollup

Functionality

Revenue Accounts with Level of Detail Rollup

Functionality

Account balances summarized by Business Unit and Account

Category Codes

Text


Key FeaturesColumn Definitions

• Define what balances to use from the Account Balance Table

• Year, Period, and Quarter Offsets

• 8 Different balance types

• Data Selection

25


Key FeaturesStatement Definitions – Balance Sheet Example

26

Define the Row to use

Define the Columns to use

Rename the Section if desired


Key FeaturesStatement Definitions – Income Statement Example

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Assign a Subtotal row to provide totals across

sectionsSubtotal 1 or more sections together

As many rows as needed can be assigned to a statement definition


Key FeaturesFinancial Statement Examples

• Balance Sheet

• Consolidated Balance Sheet

• Income Statement

• Consolidated Income Statement

• Statement of Cash Flows

28

• Income Statement Variance Analysis

• Statement of Operations

• Budget versus Actual

• Statement of Activities

• Change in Net Assets

• Results of Operations


Key FeaturesStatement Versions

• Multiple versions for each Statement Definition

• Data Selection

• Options for running the report

29


Key FeaturesRunning and Viewing a Financial Statement

• Select and run a version of the statement

• View and Manage your submitted statements

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Key FeaturesEnterpriseOne Pages

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Summary

• This enhancement provides financial users with:


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Empower Your Financial Staff With One View Financial ... · Empower Your Financial Staff With One View Financial Statements Infocus 2015 Karen L. Brown, Senior Principal Product Manager