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Comments since 2015-07-01

Jürgen Faisst 2017-07-18 02:26 pm 1
UN 3.2 Unify scenarios 3.3.2.5-Forecast
This was the result of a workshop we had at the IBCS Annual Conference 2016 in Warsaw: Outlined does not visualize one single scenario (PL) any more, but all "planned" scenarios with fictitious data - in contrast to actual scenarios with measured data. As forecasted scenarios also do not contain measured data, but expected (yet still fictitious) data, the consequence was, to show forecasted scenarios with borders.
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Lars Schubert 2017-07-18 02:18 pm 0
UN 3.2 Unify scenarios 3.3.2.5-Forecast
Thanks, so Forecast scenario had a border in the early beginnings, changed to non-bordered and now back to bordered? I was always voting for bordered, how did this change come about? I ask because our clients now ask for both and I need to explain the change ... thx
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Jürgen Faisst 2017-07-18 02:08 pm 0
UN 3.2 Unify scenarios 3.3.2.5-Forecast
Hi Lars,
The web is not updated on Version 1.1 yet. We are working on that. So Forecast with borders as shown in the Barcelona handout is correct with respect to Version 1.1.
Kind regards
Jürgen
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Lars Schubert 2017-07-18 01:12 pm 0
UN 3.2 Unify scenarios 3.3.2.5-Forecast
I just realized that there is small but important difference between the IBCS web version 1.1 and the printed draft we received in Barcelona regarding Forecast elements: while they are shown with borders in the printed draft (page 112/114), they do not have any border here in the web version. Is this web version only outdated and the bordered element in the printed draft correct?
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Michael May 2017-07-16 01:59 pm 0
UN 4.2 Unify time series analyses 3.4.2.1-Year-to-date-analyses
In Switzerland within our current projects our clients are all talking about "YTG" key figures, e.g. "Revenue-to-go". Rolf also knows one of our clients personally using this scenario description (we joined/met hin together in March 2016 in Basel).

For me all mentioned abbreviations are clear and comprehensible/understandable. For sure I am not a native speaker.



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Jürgen Faisst 2017-07-14 05:12 pm 0
EX 1 Use correct object type Introduction
Hi Michael,
Thank you for this valuable input. We definitely should improve the criteria for the selection between charts and tables in the next version of the Standards (most probably 1.2). 
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Jürgen Faisst 2017-07-14 05:02 pm 0
UN 1 Unify terminology 3.1.2-Numbers-units-and-dates
I think we all agree that decimal signs, thousand delimiters and metric prefixes should be unified within one company and documented in an notation manual accordingly. However, I do not see any chance to enforce a global standard for that. ISO tried and did not succeed, as ISO 80000 proofs. So let us go for the IBCS rule that it should be unified within one company. And of  course we can make suggestions on how...
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Jürgen Faisst 2017-07-14 04:55 pm 0
Row types Thereof-rows
I don't think that IBCS should regulate formatting in such detail. The rule is: 'Thereof rows' should always look the same and 'Percent of' rows should always look the same, but different from 'Thereof rows'. And we can make a suggestion, how they could look like. But ultimately the exact design of these row types should be regulated by the corporate reporting notation manuals.
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Jürgen Faisst 2017-07-14 04:48 pm 0
UN 4.2 Unify time series analyses 3.4.2.1-Year-to-date-analyses
Any comments from native speaking financial analysts on that topic?
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Jürgen Faisst 2017-07-14 04:44 pm 0
UN 3.2 Unify scenarios 3.3.2.4-Plan and-Budget-period
I would agree that 'Benchmark' is of the same nature as other scenarios serving as a reference. However, I would not link it to Plan, because it its not fictitious. Therefore I would leave the definition of Plan and Budget untouched and suggest to discuss a new type of scenarios for IBCS Version 1.2 covering scenarios such as "average outlet", "competitor", and "industry benchmark". Any idea for a good name for this type? And what about the visualization? It has to be solid, because it already happened, but how to distinguish it from Actual?
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