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Budget Analysis (v7-v10)

The data model encompasses budget and actual financial data, including Reporting Currency Budget and Actual Amount, with measures such as Actual Variance and Actual Var % for analyzing budget performance. Views include Budget Analysis for summarizing expenses, v7 for expense breakdown by type and department, v8 for trend analysis of budget variances, v9 for budget vs actual comparison, and v10 for optimizing resource utilization across cost centers.

Benefits of This Data Model​

  • Enhanced Budget Performance Analysis: The data model allows for in-depth analysis of budget performance through measures such as Actual Variance and Actual Var %, enabling more accurate insights into budgeting effectiveness.
  • Improved Resource Optimization: By utilizing views like v10, which provide a detailed view of budget utilization across cost centers, organizations can optimize their resource allocation and identify areas for improvement.
  • Trend Analysis for Decision Making: The inclusion of views like v8, offering trend analysis of budget variances over time, empowers decision-makers with valuable insights for strategic planning and forecasting.
  • Discrepancy Identification and Resolution: With the comparison view v9 highlighting budgeted amounts versus actual expenses, discrepancies can be easily identified and addressed, leading to improved financial accuracy.

Key Performance Indicators (KPIs)​

  • Budget: The planned amount of funds allocated for a specific timeframe or project.
  • Reporting Currency Budget: The budget amount converted into the reporting currency for financial reporting purposes.
  • Actual Amount: The actual amount spent or earned for a specific timeframe or project.
  • Reporting Currency Amount: The actual amount converted into the reporting currency for financial reporting purposes.
  • Actual Variance: The numerical difference between the actual amount and the budgeted amount.
  • Actual Var %: The percentage difference between the actual amount and the budgeted amount, calculated as (Actual Amount - Budget) / Budget.

Available Visualizations​

View NameDescription
Budget AnalysisOffers a summary of budget vs actual expenses for various departments and categories.
v7Provides a breakdown of budget allocation by expense type and department.
v8Displays trend analysis of budget variances over time for decision-making purposes.
v9Presents a comparison of budgeted amounts versus actual expenses to identify discrepancies.
v10Offers a detailed view of budget utilization across different cost centers for optimizing resources.