Questions & answers

QNS:

1.In HFM Account Types we can find Balance and Balance Recurring what it means? is it completely relating to Finance and Accounts Topics? if so give me few good examples to 

understand as regards to HFM where this need will come?

2. What are Non Financial Accounts we use in HFM? do we use to load?i if so what is the format like Excel or Data form?

3. What is Head count? what its purpose in relation to HFM? in what situations we have to think and recall about this, mean to say by doing which HFM Activity we can Understand 

Ans:

1) Balance and Balance Recurring types contain data that does not accumulate from one period to another, and do not translate. Headcount is typically a balance, as is Square Footage, for reporting real estate information, for example.

2) Non financial accounts are typically those which are not currency-related, such as headcount, units sold, number of customers, days sales outstanding, number fo new customers, etc. The entry of this data can be any way other data is loaded - either directly via load file into HFM, through forms, grids, journals, smart view, or FDM, among others I'm sure.

3) Headcount is often a metric for growth. It is often used in ratios, such as revenue or margin by headcount. Even if you acquire a company, there remains a ratio between revenue and headcount, so it's a good metric for organic and acquired growth.