DIMENSIONS

When you create a Multi Currency Planning Application, it generates "7" Standard Dimensions and you can add "13" more dimensions.

Steps to add Dimensions
-> Click on Administration
-> Click on Dimensions
-> Click on Add Dimensions
->Provide the dimension name and enable the Check box for appropriate plan type.
Enable the Check box for apply security you want to make this dimension as a secured dimension so that you can control the dimension access to the different users.

-> Select appropriate data storage and
-> Click on Save
-> Click on OK

Account Dimension Member Properties

Account Types

When we add the members under Accounts dimensions, we have to select the appropriate account type for the measures.
A REVENUE account indicates the income that is derived by selling the products and services.
An EXPENSE Account type indicate various types of costs involved to manufacture the product to offer the services.

An Asset Account type indicates the property that is being developed by realizing the profits of the company. All account receivables comes under the category of Asset Account Type.
A liability Account type indicates the amount we woe to the outside creditors such as bank loans. All Account payables comes under the category of Liability Account Type.
Equity is a kind of Liability but it is linked with Net Profits of the Company.
EX: Shares
If any of the measures under Account Dimension doesn't belong to any of the above Account Type Categories then we should retrieve that measures account type as saved Assumption
EX: No of units sold,unit price, Account

Variance Reporting
The type of the variance reporting decide how the variance formula is going to calculate for the measures. If the Variance reporting type is Expense then it uses the formula Budget-Actual. If the variance reporting is non Expense then it will use formula Actual-budget.