Final Step: Aggregate or Post to Produce Reports

Reporting from transactional detail is the most flexible thing possible. But it also is the most expensive because of data volumes. Our approach has been to test if we could use transactional data to produce our reports. In Step 4 of estimating metric engine processes, we’ve determined that it is not possible. Reducing processing costs is possible with a posting processes. Posting processes eliminate unneeded … Continue reading Final Step: Aggregate or Post to Produce Reports

Step 4: Evaluate Performance of Reporting Process

After performing some tests to determine run times for reports given a potential hardware environment (as described last week in Step 3), the next step is to evaluate the results. Remember, I’ve suggested that the ultimate in report flexibility comes from doing all reporting from transactional detail:  If we capture the attribute on the transaction, then we can use it in a report if we … Continue reading Step 4: Evaluate Performance of Reporting Process

Financial Reporting Qualities

What makes a good accountant, and good financial reports?  Qualities of good financial reports are well known by those who produce, but we seldom discuss the attributes of those who produce them. Kip Twitchell, the finsysvlogger, discusses his experience with both. Financial Reports need to be: Useful Accurate Complete Transparent Timely Innovative Cost Effective I’ve found that good accountants are typically: Intelligent Principled Patient Honest … Continue reading Financial Reporting Qualities