In HFM we are used to assigning Account Type = Balance for Balance Sheet Accounts and Account Type = Flow for P&L Accounts. Balance Accounts are translated using Ending Rates while Flow Accounts are translated using Average Rates. In FCCS, we assign Account Type = Flow both for Balance Sheet and P&L Accounts. Since data […]
Posts Tagged ‘EPMA’
How to Enable FCCS Balance Account
The basic Accounting formula is Total Assets = Total Liabilities + Total Equity. The seeded account FCCS_Balance in FCCS application is designed to temporarily house the imbalance in the basic Accounting formula at Entity Currency. By default, this seeded account is Disabled for all Scenarios. To enable this account, open the Balance the Balance Sheet […]
Integrating HFM and Planning Multi-Currency Applications
I am often asked by clients and colleagues why Hyperion Financial Management and Hyperion Planning are so different. It’s typically when they are struggling to build an interface between the two, and they can’t reconcile converted currencies. So today I want to share some of the industry’s best practices that should be taken into consideration […]