3. Application examples

3.1 Integration of financial, cost and budget accounting

This is the most typical example. In a conventional system, it is usually the financial accounting that is kept in double-entry mode, and the other applications, such as cost accounting, presented, for example, as seen above, extra-accountably in supplementary tables (e.g. cost/revenue allocation tables). In this case, there are two sub-systems operating in parallel, with delicate concordance problems to resolve. With multidimensional accounting, these two areas are integrated into a single system. The system can be extended to meet the needs of budgetary (forecasting) management. Budget forecasts can be treated as events, in the same way as actuals, and entered into the database, making it easier to calculate variances and...