1. ANU Insight Reports Financial Reporting Information sessions May 2018
Prepared by F&BS

2. Discussion topics
Overview of the Financial Management Reporting Framework (FMRF) project
Purpose of the new reports
What reports are available and key features
Future updates to expect
Security & access
User support
FMRF – what’s next?
Demo

3. Overview of FMRF project
“This project seeks to improve the financial management reporting of ANU by:
Aligning the current budgeting and forecasting processes to a consistent framework across the University, using the enterprise tool TM1;
Developing a suite of new financial management reports, providing a platform for future developments in reporting and forecasting”
For R Funds only in Stage 1…..

4. Purpose of the new reports
Improved decision making capability
Financial information presented in a consistent format
Comparison of Actuals, Forecasts and Budgets in one report
Updated Income Statement report format
Translation from current “FMR” reports with a revised Account Structure
Centrally available reports in the University’s enterprise system
Self-service/ on demand for all stakeholders
Efficiencies in local finance teams
Phase out of bespoke local Excel reporting models across Colleges and Divisions

5. What reports are available?
Income Statement
Comparative data
Actuals (Act) and budget (Bud) vs forecast (Fcast) results
Income, Expenditure and other financial items
Within an Organisational (Org) Area and/ or at project level.
Similar to the current ES-Financial “FMR” report

6. What reports are available?
Transaction Report
Supports the Income Statement
Provides detailed transaction information for each Account Category
Similar to the current ES-Financials “FMR” report – “Journals” tab

7. What reports are available?
Salary Report
Supports the Income Statement
Provides detailed employee level salary information ie. a break down of “Salaries” by person
Similar to the current ES-Financials “FMR” report – “Payroll costing” tab

8. What reports are available?
Income Statement Pack
Provides a pack of reports including:
Income Statement
Transaction report
Salary report
Similar to the current ES-Financials “FMR” report (pack)

9. What reports are available?
Department Summary Report
Summarised version of the Income Statement
Comparative data (Act, Bud, Fcast)
For multiple Org Areas/ projects at the one time
Org Areas in rows, Account Categories in columns
Similar to the current ES-Financials “Recurrent Summary” report

10. Key report features - overview
Prompts – selection criteria/ parameters/ context/ drivers
Output formats – HTML/ Excel/ PDF
Output formats – pagination/ tabulation
Saving reports
ing reports
Coming soon….
Automated (perpetual) scheduling for Department Summary report

11. Future updates June/ July 2018 Periodic (published) forecast options
Automated (perpetual) report scheduling process
Other enhancements
To be planned - future enhancements phase later in 2018/2019.

12. Security and access Report specific security
Salary report – Departmental (node) security
All non-salary reports have open security
Project level security not available in this release
User access
New/ changed user access via a new user access form signed off by GM/DD/SDD

13. Support model Super Users
Finance community of “Super Users” = 1st line support for non Finance stakeholders
F&BS - Business Systems Operations (BSO)
1st line of support for Super Users
Will triage queries to PPM and F&BS team as relevant
Contact: or call 54321

14. Demo
Department Summary report
Income Statement pack

15. Department Summary report (Org Area)

16. Department Summary Report (projects)

17. Income Statement pack - IS

18. Income Statement pack – Trans summary

19. Income Statement pack – Trans detail

20. Income Statement pack – Salary report

21. FMRF – what may be next?
Insight reports extended to other fund sources – S/Q/T/E/D/C/F
New reports based on the current framework
Dashboard reporting
Cube analytics
Report distribution model

22. Q & A

23. Assistance & resources
Insight resources
User guides for the new reports are located :
Support
Your local Finance team
or call (options 1, 3)