financial reporting lance lacross, cpa senior solutions consultant march 19, 2012 qad 2012...

Financial Reporting

Lance LaCross, CPASenior Solutions ConsultantMarch 19, 2012

QAD 2012 Enterprise Financials – Financial Report Writer

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Road to Reporting Financials


QAD Business Intelligence- Long term trend analysis-Both QAD and non-QAD data- Easy access (web, mobile)

QAD Enterprise Applications- Inquiries & Standard Reports- Operational Metrics - Reporting Framework- Browses & Collections-2012 – Financial Report Writer

Operational

Tactical

StrategicExecutivesCEO, COO, CIO,

CFO

Dept. ManagersFinance, Mfg.,

Sales,...

OperationsProd. Mgr, PlannersWarehouse, Staff

Reporting - Matching Need To Solution

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Different Flavors of Information

ItaliaGAAPI F R S

US GAAP

LocalGAAP

• IFRS

• Local

• GAAP

• US • GAA

P

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• Consolidate various transaction information and display in a single view

• Develop drill-down / through data paths• “Connect” to non-native data• Limited graphical representation

of data• Instantaneous view of current

position• Limited historical perspectives• Viewed only using QAD UI

Browses & Collections


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• Configurable based on browses

• Graphical representation of data

• Drill-down / through to source transactional data

• Instantaneous view of current position

• Limited historical perspectives

• Viewed only using QAD UI

Operational Metrics


• Currently 43 Enterprise Financials metrics, grouped in 6 metric collections

Financial Operational Metrics

Customer data

Supplier data

Addresses

AR operations

AP operations

Banking/GL

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• Built –In report writer• Configurable query builder• Limited graphing functions• Instantaneous view of

current position• Limited historical

perspectives• No drill-down / through

capabilities• Viewed only using QAD

UI

Reporting Framework


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• The Alternate COA function provides the ability to generate reports using alternate COAs, in addition to a company’s operational COA

• An alternate COA consists of one or more account structures, each containing a group of non-duplicate alternate accounts. Each alternate account is assigned an account code, description, and account level indicator, and, optionally, a column label and an alternate COA group code.

• Reporting according to multiple account structures- Legally mandatory chart – France, China, etc- Group chart, Operational chart- Multi-GAAP reporting

• IFRS, US-GAAP, other GAAP

Alternate Chart of Accounts


Source Chart of Account: = Canada

Alternate COA 1 = USA

Alternate COA 2 =

Government

Alternate COA Reporting Flow

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Standard Reporting – Trial Balance


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Standard Reporting – Trial Balance View


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• Multiple consolidations within the same organization are possible

• Proportional consolidation is possible• Entities to be consolidated may have differing or

conflicting accounting periods• All reporting options available in the system apply

to consolidation entities as well• Transactions options are also available in the

consolidation entities• One or several periods can be consolidated in one

run (i.e. quarterly consolidation)

Consolidation Features


Company

Group A

Product 1

Export

Product 2 Product 3

Group B

Product 4

Group C

Product 5

Product 6

Consolidation - Management Example

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Company

USA

Group A Holdings

Inc.

Group B Inc.

China

Beigi Foton Inc.

Mexico

El Dorado Inc.

Acme Products Inc.

Brazil

ACE S.A.

Consolidation - Legal Example

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See the Whole Picture


• Browses: • Ad Hoc Browses• Standard Browses• Collections / Workbenches

• Operational Metrics• Reporting Framework• Structured and Standard Reports

• Variant Concept Flexible

• Excel Integration• Supplemental Analysis Fields - SAF• Alternate Chart of Accounts• Consolidation Views• Group Reporting• Business Intelligence

Summary of Reporting Options

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• Objectives- Single solution

for GL reporting- Real time- Multi-domain- Consolidated- Chart Translation- Currency Translation- Multi-GAAP

Financial Report Writer


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1. Build and Run flexible Reports- Flexible report hierarchies- Flexible row & column definitions with in-line

calculations- Reusable analysis codes

2. Based on harmonized data in a Reporting Cube- Across multiple COA, Currencies, GAAP- Optimized for reporting inquiries

Financial Report Writer – main features


Reports

1. Build and Run Reports

ReportCube

-Entity -Layer -GL -Sub-Account -Cost Center -Project -SAF 1-10 -Intercompany -Daybook -TC

Report Calendar

Presentation Currency

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2. Based on harmonized data in a Reporting Cube

ReportsReportCube

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Source domains

Source domains

Source domains

Source domains

Source domains

ReportCube

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Report Chart and Report Cube

Reports

ReportingCOA

Report Calendar


Source domains

Source domains

Source domains

Source domains

Source domains

Report ChartMaintenance

COACross-

Reference

Cube DefinitionMaintenance


ReportCube

Real Time update of the Report Cube

Reports

ReportingData

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Source domains

Source domains

Source domains

Source domains

Source domains

1. Report Cube generate(initial)

2. Cube Daemon(continual and

real time)

Reports

Building and Running Reports

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ReportCube

-Entity -Layer -GL -Sub-Account -Cost Center -Project -SAF 1-10 -Intercompany -Daybook -TC

Report Calendar


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FinancialReport Writer

Building and Running Reports

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ReportCube

Reporting Data

Report

ReportAnalysis Codes

ReportTree

ColumnGroup

ReportMaster

Report Analysis Codes for a Sales Report

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Report Cube data

China 01 41200 AutoUSA01 41100 Auto

China01 41100 Auto

….France01 41200 Auto

China01 51100 PackUSA01 55100 PackFrance01 55100 Pack

Japan01 51100 Pack

…

USA01 63010 AutoUSA01 63010 Auto…

Report Analysis Codes

Europe

EntitiesFrance01

….

Americas

EntitiesUSA01

…

Asia

EntitiesChina01Japan01

…

Sales Auto

GL41100-41200

Sub-Acct. Auto

Sales Pack

GL41100-41200

Sub-Acct. Pack

Global Sales

Sub-Total

Report Tree for a Sales Report

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Europe

France01….

Americas

USA01…

Asia

China01Japan01

…

Global Sales

Sales Auto

Sales Pack

Sales Auto

Sales Pack

Sales Auto

Sales Pack

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Report Analysis Code - Maintenance

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Report Tree Maintenance

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Report Tree Excel Integration

Column Group Maintenance

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Report

Rows

Col

um

ns

Tree

Column 1:Opening 2011/01

999,999.99999,999.99 999,999.99999,999.99 999,999.99999,999.99999,999.99 999,999.99999,999.99

Column 2:Activity 2011/01-

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999,999.99999,999.99 999,999.99999,999.99 999,999.99999,999.99999,999.99 999,999.99999,999.99

Column 3:Closing 2011/12

999,999.99999,999.99 999,999.99999,999.99 999,999.99999,999.99999,999.99 999,999.99999,999.99

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Column Group Maintenance


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Title: “Global Sales”

Report Master Maintenance

Tree

Europe

France01….

Americas

USA01…

AsiaChina01Japan01

…

Global Sales

Sales Auto

Sales Pack

Sales Auto

Sales Pack

Sales Auto

Sales Pack

Report

Column 1:

Opening

2011/01

999.99999.99 999.99999.99 999.99999.99999.99 999.99999.99

Column 2:

Activity 2011/01

-12999.99999.99 999.99999.99 999.99999.99999.99 999.99999.99

Column 3:

Closing 2011/12

999.99999.99 999.99999.99 999.99999.99999.99 999.99999.99


financial reporting lance lacross, cpa senior solutions consultant march 19, 2012 qad 2012...

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