Page 45 - UNANET GOVCON: CLOSING A FISCAL PERIOD

Income Statement - Trending

Navigate: Reports > Dashboard > Financials > General Ledger > Income Statement
Trending

This report provides a periodic view containing similar information to what appears in
the Income Statement Report for a single Fiscal Year (up to 13 periods) but with many
more configurable options. This report can be run showing Actuals (based on General
Ledger entries) through a certain date and then the remaining periods to reflect Plans to
provide a view of potential year end results.

Activity 5.3 Income Statement - Trending
Login as Glenda Manager (GL Manager) – glmanager

Activity Steps:
1. Navigate to Reports > Dashboard > Financials > General Ledger > Income
Statement - Trending
2. Run the Income Statement - Trending using the following criteria:

FISCAL YEAR Fiscal Year

FORECAST OPTIONS Include Forecast based on Baseline
Include Actuals
(Closing Fiscal Period) Use Actuals Through
Fiscal Period
COMPARISON COLUMN OPTIONS Compare Totals to Budget - Baseline
PRECISION LEVEL Thousands
ARRANGE REPORT BY: Organization
ROW DETAIL OPTIONS: Show Organizations

3. View the report, Scroll down to MYCO organization’s results to answer the
following questions:
Questions Answers
What is the Variance between Actuals and Budget for
MyCo’s Total Revenue?

What is the Variance between Actuals and Budget for
MyCo’s Total Net Income/Loss?

According to the Variances, is the company performing
better or worse than Budget?

LESSON 5: GENERATE FINANCIAL STATEMENTS Page 45
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