Overview of Financial Reporting

Financial Reporting contains records of all financial transactions within an organization. You can use Financial Reporting as a reporting application to facilitate the extraction, analysis, and presentation of financial data that is stored in a company's general ledger.

With Financial Reporting, you can integrate with an organization's accounting system to provide users with insights into their financial performance.

In Financial Reporting, you have access to these options:

  • Data extraction

    Extracted data includes income, expenses, assets, liabilities, and equity.

  • Data analysis

    You can analyze extracted data. The analysis can include comparing financial data across different time periods, identifying trends, conducting variance analysis, and performing calculations such as ratios and Key Performance Indicators (KPIs).

  • Financial statements

    You can generate standard financial statements such as balance sheets, income statements, and cash flow statements. The statements provide a snapshot of an organization's financial position and performance.

To use Financial Reporting, the module must be provisioned in Farm Expert and then activated in Business Modeling.

Business Modeling is a tool for structuring Infor EPM business applications. The minimum configuration includes the calendar and currencies settings. The business applications are delivered empty and you are prompted to use Business Modeling to add business-related structures. Financial Reporting can be used stand-alone or with modules such as Infor Budgeting & Planning, Infor Financial Consolidation, and Workforce Budgeting.

Note: In Financial Reporting, all financial data is stored only as periodical values. A Year to Date (YTD) return values are calculated directly in the OLAP database, no additional calculation is needed.

When you export standard financial reports to a .pdf, .ppt, or .xls file, the file shows the date and time of the export and the name of the user who exports the file.