Purpose of Analysis by Call Code Reports Credit Unions use Analysis by Call Code Reports to speed up and improve their CECL reporting. When used as part of good business practices in Accounting- and Compliance departments, a company can improve its CECL reporting processes and insights, and it can reduce the chances that there are mistakes in reported figures due to manual errors.
Example of an Analysis by Call Code Report Here is an example of an Analysis by Call Code Report with products and totals listed down the rows and loan balances and reserves shown in the columns.
Who Uses This Type of Report? The typical users of this type of report are: Accountants, compliance managers, CFOs. Other Reports Often Used in Conjunction with Analysis by Account Reports Progressive Accounting- and Compliance departments sometimes use several different Analysis by Call Code Reports, along with detailed loan reports, internal income statements, balance sheets, cash flow reports, trial balances, transaction detail reports and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
To learn more, visit the Resource Library.
TAGS: Reporting, Planning, Forecasting, Analysis, Budgeting, CPM, ERP, Dashboards, Industry, Financial Reporting, Template Library