Identify the two true statements about expense reporting tags.

The correct answer is B. Provide accurate variance reporting on revenue and expense accounts D. Are assigned to the dimension tagged Accounts. B: The variance reporting calculation requires that any item that represents an expense to the company must have an expense reporting tag. Essbase provides two variance reporting properties: expense and non-expense. The default is non-expense. Variance reporting properties…

Reporting and Integrations

Question

Options

AProvide accurate time balance calculations
BProvide accurate variance reporting on revenue and expense accounts
CAre assigned to the dimension tagged Time
DAre assigned to the dimension tagged Accounts
EAre assigned to the Dimension containing variance members.

How the community answered

(38 responses)

A
8% (3)
B
79% (30)
C
3% (1)
E
11% (4)

Explanation

B: The variance reporting calculation requires that any item that represents an expense to the company must have an expense reporting tag. Essbase provides two variance reporting properties: expense and non-expense. The default is non-expense. Variance reporting properties define how Essbase calculates the difference between actual and budget data in members with the @VAR or @VARPER function in their member formulas. D: Expense reporting is tagged to the accounts dimension such that variance, profit etc. Member will not show the negative value when we calculate it. Note: The first, last, average, and expense tags are available exclusively for use with accounts dimension members.

Topics

#expense reporting tags#variance reporting#dimension tagging#accounts dimension

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