Effective Date Support in OfficeConnect for Financial Management
With this release, report creators in OfficeConnect for Financial Management can select an effective date, enabling them to report on dimensions as they were organized in hierarchies on that date. This helps to accurately report for the date in question, or for what-if scenarios.
Watch the video:
4m 57sEffective Date in OfficeConnect
Release: 2023-03-11
Report creators can now select an effective date for reporting on the dimension hierarchies and values in the model as of that date. An effective date can include:
- Dynamic dates that change. Example: Current date.
- Static dates that the system provides. Example: Quarter end dates for the last two years.
- Static dates that the customer specifies. Example: Future dates or past dates.
- You can select a different effective date for each workbook. You can change the effective date in a workbook and then save it. When you next reopen the workbook, the effective date:
- Persists if it is a static date.
- Changes if it is a dynamic date.
Effective Date in the Financial Reporting Data Model
Release: 2023-03-11
Workday enhances effective dating in the financial reporting data model. Administrators can now specify custom dates that represent special dates to the org. Example: An org change that occurred on a specific date. In addition, the reporting model now includes additional options that are provided by default and cannot be changed.