In general, you'll build your Financials plans and forecasts in this order:
Define your user variables. See Setting User Variables. For information about specifying other preference settings, see Working with Planning Using the Simplified Interface .
- Review and adjust driver values for recurring line items. These drivers, enabled by your administrator, determine how you will set, track, and analyze accounts. You can specify driver values using trend assumptions or by direct entry. Then enter, adjust, and calculate your expenses and revenues. You can:
Set and adjust drivers
Set and adjust trends
Manually adjust accounts
Depending on your type of planning, review internal financial statements such as Balance Sheets and Cash Flow statements.
Ask your administrator to run the Rollup rule.
Get a status of your department’s or the total business financials, key trends, and KPIs using the interactive dashboards on the Overview tab. See Analyzing Financials with Dashboards.
- Evaluate your financials using the provided dashboards and analysis forms. See Analyzing Your Financials.
To include Workforce, Capital, or Projects in your dashboards, have your administrator define data maps to make your other types of planning data and details available.
- If you are working with budget revisions, you can start the revision process. See Task Overview for Budget Revisions.
You might not see all the features described in this section, depending on what your Administrator has enabled.
Note:In a 13-period application, for artifacts labelled with Month, such as Current Month Actual, Month does not represent a calendar month but the period defined through the 13 period calendar.
To get started, from the Home page, click Financials and then select a component.
Table 3-1 Financials Tasks
|Goal||Perform These Tasks||For More Information|
Expense or Revenue
|Prepare revenue-driven or expense-driven plans and forecasts.
||See Planning Revenue and Expense.|
|Balance Sheet||Plan and manage financials using balance sheets.
If you also use cash flow and find that your balance sheets don’t balance, see About Using Cash Flow and Balance Sheet Balance.
|Planning Using Balance Sheets.|
|Cash Flow||Plan and manage financials using cash flow statements.
||Planning Using Cash Flow.|
|Budget Revisions||Plan using budget revisions, along with expense planning. If integration with Budgetary Control is enabled, you can also perform a funds check, get funds results, and reserve funds.|
||Analyzing Your Financials|
Tutorials provide instructions with sequenced videos and documentation to help you learn a topic.
Table 3-2 Tutorials to Learn About Financials
|Your Goal||Learn How|
Learn how to enter data in Financials.
Learn how to plan using driver-based data in Financials. See how you can create business plans and models that focus on key factors or criteria in your organization that impact and drive performance.
|Driver-Based Planning in Financials|
|Learn how to perform trend-based planning in Financials. See how to enter trend-based assumptions that let you plan and forecast based on trends.||Trend-Based Planning in Financials|
|Learn how to leverage KPIs (Key Performance Indicators) in Financials by using out-of-the-box KPIs or adding your own. KPIs enable you to collect objective, quantifiable data or data that indicates progress toward a performance or strategy target. Use KPIs to reflect the health of key areas in your organization.||Leveraging KPIs in Financials|
|Learn how to calculate actuals, and prepare plans and forecasts. After enabling Financials, you configure and set up the starting point of your planning and forecasting cycle. See how to leverage out-of-the-box calculations to aggregate and prepare actual, plan, and forecast data.||