By Murugan Anandarajan, Asokan Anandarajan, Cadambi A. Srinivasan
Modern companies generate large volumes of accounting facts each day. the hot developments in details know-how have given businesses the power to catch and shop those facts in a good and powerful demeanour. besides the fact that, there's a widening hole among this knowledge garage and utilization of the knowledge. company intelligence ideas can assist a company receive and approach appropriate accounting info fast and price successfully. Such strategies comprise, question and reporting instruments, on-line analytical processing (OLAP), statistical research, textual content mining, info mining, and visualization. Business Intelligence innovations is a compilation of chapters written through specialists within the a number of components. whereas those chapters stand in their personal, taken jointly they supply a complete review of the way to take advantage of accounting facts within the enterprise environment.
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Extra info for Business Intelligence Techniques: A Perspective from Accounting and Finance
A business decision must be made to either consolidate the GLs or operate them separately. The choice of approach will be based on a number of factors. One of these factors will be the degree of overlap in the business strategy/model of each enterprise. If the degree of overlap is small, it may make sense to keep two separate GLs. In just about all enterprises, we would expect to find multiple subledgers. All but the smallest enterprises will have a number of discrete business processes with a supporting operational system.
Both enterprises will posses a GL. A business decision must be made to either consolidate the GLs or operate them separately. The choice of approach will be based on a number of factors. One of these factors will be the degree of overlap in the business strategy/model of each enterprise. If the degree of overlap is small, it may make sense to keep two separate GLs. In just about all enterprises, we would expect to find multiple subledgers. All but the smallest enterprises will have a number of discrete business processes with a supporting operational system.
Journaling systems simply this task tremendously because the effective date of the transaction is stored with the transaction. The effective date can be used directly to see "what has happened" since some point in time. Conversely, figuring out what changes have occurred in a non-journaling system can be much more difficult. Case In Point: In one case, the effort required to create the ETL process for a c1ient sub-Iedger system was five times that for the GL. The difference in effort was due primarily to the fact that the sub-Iedger did not effective date many of the key data elements required for analysis.