| # Case description Financial plan to be maintained: The case starts with the financial plan that is maintained, which can be either at the end of a fiscal year to create the plan for next year, or at the end of the quarter to adjust the plan based on the actual data. The financial plan is translated into department budgets. Cost budget to be maintained: Based on the financial plan, detailed cost budgets are generated. In addition, allocations between cost centers and allocations to cost objects are calculated. Based on these allocations, the operation rates and surcharges are calculated. Finally, the product costs are calculated or re-calculated based on these rates and surcharges. Integration processing to be performed: The logistical transactions are translated into financial entries and posted in the general ledger. Ad hoc reporting to be performed: The financial data are analyzed using the ad hoc reporting facilities that LN provides. Cost analysis to be performed: The cost allocations are updated periodically, based on the actual costs. Period end processing to be performed: At the end of the period, some recurring tasks are performed. Subsequently, the period is closed, which means that the data from the previous period are frozen, and you can create the official financial reports. Sales statistics to be analyzed. Purchase statistics to be analyzed. Statutory and management reporting to be performed. Statutory reporting (special reports) to be performed. Periodical fixed assets processing. |