In-memory Costing
Unleash the Power of Creating Reserve Columns
The setting of reserve columns allows you to change the default values of factory settings relevant for specific processing of Block. Redefining Block Type for each Block is most important of your Apps, It provides different kinds of data extraction model as follows: –
In-Memory Cost Accounting
CostMethod for Amortisation = StraightLine, DeclineBalance, Rule78, EffectiveRate,DiscountCashflow
CostMethod for Allocation = ProRata30Day, ProRataActulDay
CostMethod for Financial Instrument = SimpleInterest, CompoundInterest
CostMethod for Inventory = FIFO,LIFO,Average
CalcBasis = BalanceByRound2, MovementByRound2
Interval = Day, Week, Month, Quarter, Interim, Year
DayCount for Month-end Closing = FullMonth, ProRata30Day, ProRataActualDay
DayCount for Financial Instrument = 30/360, Actual/Actual
The combined application of DiscountCashflow & EffectiveRate is designed for IFRS 16 Lessee Accounting.
Unleash the Power of Creating Reserve Columns
The setting of Reserve Column of Common Data Table working with defined data extraction is key to create different scenarios of connect-to-calculate functions. Below CalcFunction can be applied to support your compliance works: –
Revaluation of Asset & Liability by Current Exchange Rate & Current Unit Price
%FairValue(), %RevalueAdj()
Cost Allocation by ProRata Method
Reserve Column: AllocatedCost
Amortisation of Deferred Income & Expenditure by Tenor
Reserve Column: CurrentTenor, CurrentDate, AmortisePL, AmortiseBS, CostNBV
Depreciation of Fixed Asset by Tenor
Reserve Column: CurrentTenor, CurrentDate, DepreciatePL, DepreciateBS, FixedAssetNBV
Loan & Bond Interest Calculation by Interest Rates & Tenor
Reserve Column: CurrentTenor, CurrentDate, InterestPL, InterestBS, AssetNBV, Payment, LoanNBV, BondNBV, BondFairValue
IFRS16 Lessee & Lessor Accounting by Discount Rate & Tenor
Reserve Column: CurrentTenor, CurrentDate, InterestPL, InterestBS, AssetNBV, Payment, LoanNBV, BondNBV, BondFairValue,
General Calculation
Mathematical Calc: %Add(), %Subtract(), %Multiply(), %Divide()
Time Calc: %TimeInterval(), %CurrentDate(), %CurrentPeriod()
Statistical Calc: %Count, %Sum, %NetSum, %Average, %Median, %Max, %Min
Data Manipulation: %Map(), %ExactMap(), %Insert(), %Split(), %Merge(), %Extract(), %ReverseDC
Note: BS represents Balance Sheet, PL represents Profit & Loss, NPV represents Net Present Value
Costing Module
This Module Is Under Development


About the Sitemap
FESA
A Well-known Brand of FlexSystem, Driven by a Highly Successful 5-tier Enterprise App Server
FlexCalc
Revolutionary Software with the 2020 Roadmap to Empower Business Users Performing as Data Scientist
Scenario
Provides Very Rich Information for Matching Your Business Requirements in Different Scenarios
Tutorial
Inspires Your App Building Practices by Offering Comprehensive Guide with Many Use Cases