TopDown Blog

Tag: Reporting and Analysis

Top 10 TopDown Consulting Blog Posts of 2014 – #1

By on December 31st, 2014

We are pleased to announce that the most viewed blog of 2014 is “What is Oracle Hyperion’s Data Relationship Management (DRM) Tool?”

While it was created specifically to manage hierarchies for applications like Essbase, Hyperion Planning, and Hyperion Financial Management, you can also use DRM to manage master data in other systems like General Ledgers, Data Warehouses, Human Capital Management, etc. DRM is also system agnostic, so it is not tied down to any particular system. And these are just two of the many reasons DRM is an industry favorite Hierarchy Management Tool.

Unexpected behavior in your EPM application

By on February 10th, 2013

The “Known Issues” section of every Readme File lists the limitations of a particular software version and the bugs that the developers were able to catch.  The application administrator or someone in IT reviews the document and confers with everyone before installing the software to avoid unexpected issues.  But every application sits in a unique…

Consolidations – Reporting Leading Practices

By on April 18th, 2012

Now we turn our attention to leading practices for reporting. In my opinion, the most important consideration is to determine if you are using the different reporting tools appropriately. Using the correct tool will, more often than not, lead you down the road to correctly applying leading practices for reporting. In version 11.1.2.x, the reporting…

Allocations, Activity Based Costing and Essbase Functions

By on February 1st, 2012

One of the prevalent Costing models, primarily used in manufacturing is Activity-based Costing. Activity-based Costing or ABC gained popularity as Overhead and Indirect Costs were scrutinized by management, production lines became more complex, and cost center managers were held more accountable for detailed product P&L’s and overhead cost controls.  Traditionally, a fixed percentage was applied…

Business Analysis vs. Accounts Analysis

By on December 21st, 2011

The Challenge/Issue A common question that arises when designing an application/system dedicated to business analysis/planning is the level of granularity deemed optimal for the application. This question arises especially with regard to level of detail for the GL accounts and Products dimension (element) because, in many organizations, different entities (cost centers, departments) budget or plan…

Understanding Your Forecast

By on November 18th, 2011

Rolling forecasts usually place a heavy focus on variance analysis. Analyzing forecast variances and overall accuracy is a key for identifying opportunities to review, streamline and improve your process. Variances also provide insight into the cause-and-effect relationships that impact the organization. You can use this information to understand what that difference means to the business…

Advanced Methods in Rolling Forecasts

By on November 10th, 2011

In previous posts, we covered transitioning from traditional budgeting and forecasting to rolling forecasts and implementing rolling forecasts. Now it’s time to turn our attention to what to do once you have this new approach in place. And to do this, I’ll spend the next two posts discussing advanced methods in rolling forecasts. Making Rolling…

Implementing Rolling Forecasts

By on November 2nd, 2011

In the previous post we covered the “what and why” of rolling forecasts as well as how to transform traditional budgeting and forecasting into this innovative approach. The next step is to look at how to make the transition come to life. And the first step is implementation. Initial Considerations The key to any successful implementation…

Have You Thought About What IFRS Means to You?

By on September 14th, 2011

Imagine that it is December 2011 and the SEC has just announced their decision that the US will be adopting IFRS. Now what? When I first started hearing about IFRS, many of the discussions with my colleagues centered on just completing the financial consolidations as we do today and then layering on a series of…

IFRS at a Glance

By on September 7th, 2011

By now, many of you have heard of IFRS. But how many have actually given some thought to the profound impact it could have on your consolidation application? This simple acronym has the potential to require as much if not more time and resources then either SOX or Y2K. An IFRS adoption project could take…

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