Cash Flow, Setup
Cash Flow, Setup
This topic 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 Calculations
Longview 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 finance team to trigger the cash flow calculation process manually for a specific time period.
Longview calculates the Cash Flow at the lowest entity level and consolidates this informatio...
Managing Cash Flow Accounts
Managing Cash Flow Accounts
The Solutions Framework provides you with a standard set of cash flow symbols, calculations and validations. This document provides an overview of the steps required to add any additional Cash Flow accounts to your Longview system as well as any modifications needed to the standard cash flow set up.
Accessing manage cash flow
Select the Consolidate module.
Select ...
Entities
Entities
Entities in the Longview system are used for holding balances of legal entities, holding consolidation adjustments and eliminations, and reporting consolidated results.
Manage Consolidations
Manage Consolidations
Creating 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 hierarchy
Creating a Consolidation
The Manage Consolidations app allows you to easily create a consoli...
Manage Entities
Manage Entities
New entities can be created in your Longview application as required and placed in the appropriate hierarchies.
Creating an Entity
The 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 set.Note: Currencies must be set up prior to setting up the en...
Entity Reorganization
Entity Reorganization
Longview 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 r...
Discontinued Operations
Discontinued Operations
Longview has the ability to perform adjustments to the financial statements when there is a discontinued operation through the Discontinue an Operation application.
Discontinued operations - overview
When 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...
Foreign Exchange
Foreign Exchange
Longview automatically translates source currencies to multiple reporting currencies as data is loaded.
Translation Rates are entered or imported on a monthly basis
Longview provides the ability to manage currencies and translation settings using an easy to use graphical user interface
Currency related symbols require the Longview standard naming convention
Longview standard...
Managing Currencies
Managing Currencies
Manage Currencies allows you to create and delete currencies and determine reporting currencies.
Accessing manage currencies
Select the Consolidate module.
Select the Administration category.
Expand Foreign Exchange.
Click Manage Currencies. The Manage Currencies dialog appears and contains the following options:
Import
Manage
Export
Importing currencies
The import opt...
Managing Translations
Managing Translations
Manage Translations allows you to create and delete translations, and determine the method used.
Accessing manage translations
Select the Consolidate module.
Select the Administration category.
Expand Foreign Exchange.
Click Manage Translations. The Manage Translations dialog appears and contains the following options:
Import
Manage
Export
Importing translations
The ...
Managing Account Translation
Managing Account Translation
The 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 settings
To access Account Translation ...
Managing Entity Translation
Managing Entity Translation
The 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 settings
To access Entity Translation settings in Cl...
Manage Supplemental Accounts
Manage Supplemental Accounts
Manage 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 accounts
Importing supplemental accounts
Managing supplemental accounts
Exporting supplemental accounts
Accessing manage s...
P&L Variance Bridge
P&L Variance Bridge
The 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. Foundationa...
Related Party Disclosures
Related Party Disclosures
Longview 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 - overview
Accessing related party disclosures
Related party disclosures app
Related party disclosures -...
Roll Forward Accounts
Roll Forward Accounts
This topic 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 acc...
Rollover
Rollover
The 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 year
Rollover, delete year
Rollover, forecast actualization
Rollover, roll period
Rollover, roll year end balances
Rollover, create year
Create Year is part of system rollover that c...
Attributes
Attributes
A 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.
Class
Attribute
Use
SYMBOL
AZCFCalcTrn
Specifies if the cash flow account will be calculated using the period average rate or calculated by the source translated value.
...
Rules
Rules
A 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 Convention
Validation rules
Model...