Data model

This course will help Agfa finance to prepare for adoption of a new consolidation system. It will explain the financial and technical skills needed in order to become a self-sufficient consolidation systems user.

 

 

 

Section 1: account types

Account types

Normal accounts

Normal accounts reflect the “basic” level of input accounts, and the codes for these accounts consist of 6-digit numerical account codes. Example: 144400 Trade receivables.

Detail accounts

Reflect details of normal accounts, and the codes for these accounts consist of the normal account code with in addition also a dash (“-“), a “D” and a set of 3-digit -digit numerical account codes. Example: 144400-D000 Trade receivables (gross values)-Non-current portion.

Variation accounts

Variation accounts reflect the balance sheet movements, and the codes for these accounts consist of the normal account code with in addition also a dash (“-“), a “V” and a set of 2-digit numerical account codes. Example: 144400-V05 Trade receivables Business combinations, acquisition amounts.

A detailed account is:

  • A break-down into current and non-current.
  • A movement during the year
  • A portion of a normal account

Select the true statements in relation to variation accounts:

  • Variation accounts are used to explain explain movements in the balances of a balance sheet account in an given period.
  • There are several types of variation accounts than can be used for each balance sheet account.
  • 300000-V06 Revenue 3rd party - new clients is a variation account.