What is a report?

Report is an important document which reveals a specific information about a

business. It contains information organized in a narrative, graphic or tabular form,
prepared on ad hoc, periodic, recurring, regular, or as required basis. Report may
refer to some specific periods, events, occurrences, or subjects, and may be
communicated and presented in oral or written form. It is basically used to provide
information.

Why any report is required in a company?

Reports are important in managing a company and are most importantly used to
attract the share holders, investors. The management can make use of the reports
to track progress and attain its goals. Additionally, it can control the expenditure
and increase the revenue. It also helps in adopting right marketing strategies. Apart
from that government agencies also review these reports to follow tax rules.
Few points:
Set benchmarks for improved performance
Measure, control and monitor the workforce
Demonstrate compliance and produces external reports
Learn and enhance performance
Improves communication among, investors, managers, subordinates and
customers

What is financial report?

Financial report is a written report for the company's managers and investors and
government agencies to understand the financial condition of the company. It
usually includes statements about income, cash flow, shareholders' equity and
balance sheets.

What is non financial report?

All reports apart from financial report come under non- financial reports. It can
include reports related to employee performance, material supply, stock available in
inventory, attendance, etc.

Oracle Fusion and Reporting

Oracle Fusion Financial Reports Center delivers a unique multi-dimensional reporting
and analysis platform that provides real-time access to financial information. Users
can quickly report and analyze data from different perspectives from the same
system that is used for operational accounting.
Overview
Fusion Financial Reports Center allows you to:

Securely distribute and access live or pre-published financial reports from a

central location

Instantly update financial data within desktop environments (e.g., MS Office)

to deliver accurate, timely results

Dynamically drill down on balances to live transactions

Perform multi-dimensional analysis and drill down from anywhere

Ensure that all users are making decisions from the same source of
information

Ensure up-to-the-minute reporting and analysis without the need for batch
programs

Features and Benefits

Feature

Reporting Platform with

Embedded MultiDimensional Data Model

Real-time Updates to
Multi-Dimensional
Balances

Benefit

Store and organize large quantities of data in a

very efficient way that can be accessed and
analyzed quickly for intuitive and immediate
decision support

Perform multi-dimensional analysis from the

same system used for operational accounting

Eliminate the need for a separate, costly data

warehouse where data is only as up-to-date as
the last-time data was transferred

Always work with the most up-to-the-second

data; multidimensional balances are updated
when transactions and journals are posted

Ensure queries, reports, and analysis are

extremely fast as balances are pre-aggregated at
every possible summarization level

Eliminate the need for dual maintenance of chart

of accounts; whenever users create or modify
chart of accounts and hierarchies, the changes
are automatically updated in the corresponding
cube

Get the right information when you need it

Self-Service Reporting

General Accounting
Dashboard

Account Monitor

Account Inspector

Securely distribute and access live or prepublished financial reports from a central
location

Reduce dependence on IT

Obtain comprehensive view across functional

areas from a central page (i.e., journals requiring
attention, intercompany transactions that are
incomplete, account balances that have
exceeded their thresholds, close status of
subledgers and ledgers, etc.)

Increase user productivity by reducing multiple

searches and the need to navigate to multiple
pages

Track the status of self-monitoring processes to

help you quickly resolve exceptions, garner
approvals and focus on analyzing results

Continuous alert to sudden changes in account

balances based on thresholds you define so you
can take corrective action as soon as possible

Quickly drill down through multiple levels of

summarized balances, view different
perspectives of the balance, and even drill back
to the originating transaction to investigate the
root cause

Quickly perform ad hoc ledger queries, multidimensional analysis, pivoting, and drill down--all
within a web page

Make faster, more informed decisions; any

changes made to query criteria are
instantaneously refreshed with the latest data

Manipulate and analyze data within a highly

interactive user experience

Oracle Hyperion
Financial Reporting (FR)

Flexible Report Outputs

and Integration with MS
Office

Oracle Hyperion Smart

View

Allocation Engine and

Wizard

Create boardroom-ready financial statements

using a robust, easy-to-use report writer

Enrich the understanding of financial results by

embedding charts and graphs within reports

Analyze results in the output of your choice

(HTML, PDF, MS Office) and quickly change the
output on-the-fly to address your varying
reporting needs

View the most up-to-date financial information

by refreshing report results directly from MS
Office products (e.g., Excel, PowerPoint, Word)

Expedite analysis by interactively slicing and

dicing data and drilling down to originating
transactions within a spreadsheet environment
where accountants spend most of their time

Perform ad hoc balance queries without the need

for IT assistance

Analyze data from multiple data sources into the

same worksheet (i.e., report and query on data
from not only Fusion Financials, but also Oracle
Essbase cubes and budget data from Oracle
Hyperion Planning)

Intuitively create complex allocation formulas

with the graphical allocation wizard that helps
users step by step

Significantly improve performance by allocating

pre-summarized balances

Retain control and an audit trail