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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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The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Program Agenda
Business problem
Solution
Benefits
Key Features
Summary
1
2
3
5
4
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Business Problem
• Today’s Financial Report Writer is developer tool
• Financial users today demand many things
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Business Problem
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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
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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
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Solution
New One View Financial
Statements
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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
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Key Features
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Key FeaturesUnderstanding a Financial Statement
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To understand the architecture of One
View Financial Statements we must first look at a typical Financial Statement
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Key FeaturesAnatomy of a Balance Sheet
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A Financial Statement is a listing of account balances
summarized by account information
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Key FeaturesAnatomy of a Balance Sheet
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The rows define
how the balances are summarized
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Key FeaturesAnatomy of a Balance Sheet
15
Sections define how the rows are
grouped on the statement.
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Key FeaturesAnatomy of a Balance Sheet
16
The columns define
what balances are summarized
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Key FeaturesAnatomy of a Balance Sheet
17
There are totalsand subtotals on
the statements
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Key FeaturesAnatomy of a Balance Sheet
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Some columns are
calculations based upon other columns
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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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Key FeaturesOne View Financial Statement Components
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
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Key FeaturesOne View Financial Statement Components
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
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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
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Key FeaturesRow Definitions
• Define how to summarize the balances on the statement
• Data Selection
• Multiple row types
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Key FeaturesRow Examples
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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
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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
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Key FeaturesStatement Definitions – Balance Sheet Example
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Define the Row to use
Define the Columns to use
Rename the Section if desired
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Key FeaturesStatement Definitions – Income Statement Example
27
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
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Key FeaturesFinancial Statement Examples
• Balance Sheet
• Consolidated Balance Sheet
• Income Statement
• Consolidated Income Statement
• Statement of Cash Flows
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• Income Statement Variance Analysis
• Statement of Operations
• Budget versus Actual
• Statement of Activities
• Change in Net Assets
• Results of Operations
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Key FeaturesStatement Versions
• Multiple versions for each Statement Definition
• Data Selection
• Options for running the report
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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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