Cash flow, Setup
Cash flow, SetupThis document provides an overview of the cash flow calculations in the Longview system as well as the steps required to add and maintain cash flow accounts.
Cash flow calculations
Cash flow calculationsThis section provides information on these main topics:OverviewCash Flow, system settingsCash Flow Symbols - Accounts DimensionsCash flow Symbols - Dataviews DimensionsCalculationsOverviewLongview dynamically calculates the Cash Flow Statements whenever data is input or loaded into the Longview system. In addition, a link is available within Longview Close to allow the fin...
Managing cash flow accounts
Managing cash flow accountsThe Solutions Framework provides you with a standard set of cash flow symbols, calculations and validations. For more information on the standard cash flow setup provided as part of the Solutions Framework, see the “System Summary Guide”.This document provides an overview of the steps required to add any additional Cash Flow accounts to your Longview system as well as...
Entities
EntitiesEntities in the Longview system are used for holding balances of legal entities, holding consolidation adjustments and eliminations, and reporting consolidated results.
Manage consolidations
Manage consolidationsCreating a consolidation entity structure in Longview allows you to prepare your system for:Posting of journal entry adjustments to your consolidated entity.The automatic posting of elimination journal entries to the consolidated entity.Sample consolidation entity hierarchyCreating a ConsolidationThe Manage Consolidations app allows you to easily create a consolidation enti...
Manage Entities
Manage EntitiesNew entities can be created in your Longview application as required and placed in the appropriate hierarchies.Creating an EntityThe Manage Entities app allows you to easily create an entity. When creating an entity symbol, the following will automatically be performed:The native currency for the entity will be setNote: Currencies must be set up prior to setting up the entities i...
Entity reorganization
Entity reorganizationLongview has the ability to perform adjustments to the financial statements when there is an organizational change that requires an entity to report to a different hierarchy while keeping prior data associated with the original reporting hierarchy. This process is achieved through the Entity Reorganization application.Entity reorganization is a process that assists in reali...
Discontinued operations
Discontinued operationsLongview has the ability to perform adjustments to the financial statements when there is a discontinued operation through the Discontinue an Operation application.Discontinued operations - overviewWhen an entity is discontinued, the discontinued entity will be added to the ENTITIES_DiscOps hierarchy structure.Users will be able to have both management and statutory views...
Foreign exchange
Foreign exchangeLongview automatically translates source currencies to multiple reporting currencies as data is loaded.Translation Rates are entered or imported on a monthly basisLongview provides the ability to manage currencies and translation settings using an easy to use graphical user interfaceCurrency related symbols require the Longview standard naming conventionLongview standard set up ...
Managing currencies
Managing currenciesManage Currencies allows you to create and delete currencies and determine reporting currencies.Accessing manage currenciesSelect the Consolidate module.Select the Administration category.Expand Foreign Exchange.Click Manage Currencies. The Manage Currencies dialog appears and contains the following options:ImportManageExportImporting currenciesThe import option in the Manage...
Managing translations
Managing translationsManage Translations allows you to create and delete translations, and determine the method used.Accessing manage translationsSelect the Consolidate module.Select the Administration category.Expand Foreign Exchange.Click Manage Translations. The Manage Translations dialog appears and contains the following options:ImportManageExportImporting translationsThe import option in ...
Managing account translation
Managing account translationThe Solutions Framework provides initial account translation settings during installation. Account translation is used to modify the account translation settings. An account translation setting defines the foreign exchange rate to use for a specific combination of account and translation method.Accessing account translation settingsTo access Account Translation setti...
Managing entity translation
Managing entity translationThe Solutions Framework provides initial entity translation settings during currency setup. Entity translation is used to modify the entity translation settings. An entity translation setting defines the foreign exchange method to use for a specific combination of entity and currency.Accessing entity translation settingsTo access Entity Translation settings in Close o...
Manage supplemental accounts
Manage supplemental accountsManage Supplemental Accounts allows you to create and delete supplemental (statistical) accounts, and edit the properties of existing accounts.In this section, you can find information on the following topics:Accessing manage supplemental accountsImporting supplemental accountsManaging supplemental accountsExporting supplemental accountsAccessing manage supplemental ...
P&L variance bridge
P&L variance bridgeThe P&L variance bridge calculation provides a method to explain the base variances in the P&L between different timeperiods and scenarios. A link is available within Longview Close to trigger the calculation of the P&L variance bridge.Longview will calculate the P&L variance bridge based on settings defined in the accounts, dataviews and scenarios dimensions. Foundational sy...
Related party disclosures
Related party disclosuresLongview provides the ability to view related party disclosure information in order to analyze intercompany transactions not eliminated within certain entity hierarchy structures.This section provides information on these main topics:Related party disclosures - overviewAccessing related party disclosuresRelated party disclosures appRelated party disclosures - overviewTh...
Roll forward accounts
Roll forward accountsThis document provides an overview of the steps required to add roll forward accounts to your Longview system. Roll forward accounts can be set up for any account that requires explanation on balance changes. For example, loan payments, new loans, asset purchases or sales.The roll forward account beginning balance and trial balance, balance will be calculated using the acco...
Rollover
RolloverThe Rollover encompasses a group of processes and tools that initializes the system for the next month or the next year.This section will provide information on the following topics:Rollover, create yearRollover, delete yearRollover, forecast actualizationRollover, roll periodRollover, roll year end balancesRollover, create yearCreate Year is part of system rollover that creates time pe...
System setup
System setupThis section will provide information on general system setup for:Equity PickupEventsIntercompany ReportsIntercompany ValidationsKey Performance IndicatorsNon-Controlling InterestsSource and Target SymbolsTime Period Setup
System setup for equity pickup
System setup for equity pickupEquity Pickup (EQP) is a technique used by firms to assess the profits earned by their investments in other companies. The investing firm reports the income earned on the investment on its income statement, and increases the net value of its investment. Longview calculates the EQP journal entry dynamically as data changes in the system. CPM Setup configures most of...
System setup for events
System setup for eventsEvent setup describes creating an event and options for triggering the event.This section will provide information on the following topics:Event overviewCreating an eventConfiguring events to work with manual triggersConfiguring event triggersManually triggering an eventEvent overviewEvent rules instruct the server to watch for certain conditions and to perform certain ta...
System setup for intercompany reports
System setup for intercompany reportsIntercompany report setup allows you to configure the available symbol selections when an intercompany report is executed.Configuring intercompany report restrictionsBy default the intercompany report allows the user to select from all available symbols (restricted by user access). For simplicity reasons you may want to restrict the available symbols to make...
System setup for intercompany validations
System setup for intercompany validationsIntercompany validations are used to ensure that intercompany data entered into the Longview system matches the trial balance data loaded for the intercompany accounts.This section will provide information on the following topics:Configuring the intercompany validation hierarchySetting up the Intercompany validation ruleConfiguring the intercompany valid...
System setup for key performance indicators
System setup for key performance indicatorsThe Solutions Framework provides you with a standard set of key performance indicator symbols. For more information on the standard key performance indicator setup provided as part of the Solutions Framework, see System summaryThis section provides an overview of the steps required to add any additional key performance indicator accounts to your Longvi...
System setup for non-controlling interest
System setup for non-controlling interestNon-controlling interest (NCI) is the portion of equity ownership in a subsidiary not attributable to the parent company, who has a controlling interest and consolidates the subsidiary's financial results with its own. Longview calculates the NCI journal entry dynamically as data changes in the system. The Solutions Framework install configures most of t...
System setup for source and target symbols
System setup for source and target symbolsThe Solutions Framework has 6 standard dimensions:ACCOUNTSTIMEPERIODSENTITIESDATAVIEWSSCENARIOSCURRENCIESIf your Longview system has more than the 6 standard dimensions listed above, you will need to specify the source and target symbols for each additional dimension. The source and target symbols are used for various system calculations within the Long...
System setup for time period setup
System setup for time period setupTime Period Setup is part of initial system setup and allows you to set the current reporting year and period.This section will provide information on the following topics:Accessing time period setupSetup time periodsAccessing time period setupSelect the Consolidate module.Select the Administration category.Expand Setup.Expand System.Click Time Period setup. Th...
Attributes
AttributesA number of attributes are created during setup to support configuration. Attributes specified with (X) indicate that multiple similar attributes exist, with the (X) being replaced by the dimension number.ClassAttributeUseSYMBOLAZCFCalcTrnSpecifies if the cash flow account will be calculated using the period average rate or calculated by the source translated value.SYMBOLAZCFDataViewC...
Rules
RulesA number of rules are created during setup. These rules provide standard functionality tied to the default hierarchies. Additional rules may be added to the system, but need to conform to the numbering convention in order to avoid possible loss of custom rules during an upgrade.In this section, you can find information on the following topics:Rule ID ConventionValidation rulesModel rulesRo...