Event types

One of the fundamental concepts of Financial Planning in Tagetik is the Event, understood to be any accounting event from which a value is generated. The following are examples of events: accrual basis, accounting, raising mortgage, collection, payment etc.; essentially all those accounting operations that have a P&L, BS or financial impact. When generating forecast double entries, Tagetik always keeps track of the event that generated them. The combination and sequence of a collection of events generates precise accrual / accounting / collection or payment curves.

Within these, Tagetik has already defined a series of events that cover the vast majority of the entries necessary to manage financial planning. The management of the various event types can be accessed from the administrator-user’s web interface, by following the path Setup & Admin > Data Processing > Cash Flow Planning > Advanced Financial Rules > Event.

Navigation panel> Data processing > Cash Flow Planning > Advanced financial rules > Event.

The event types predefined by Tagetik are identified by codes starting with the character “$.”

Every event type is characterised by:

  • a code

  • a description.

  • a type which identifies the class to which the event belongs. The possible classes are:

  • FX hedging. This event can be used for the management of “FX hedging” type objects

  • P&L / Variation. This event can be used for the management of the P&L, projected variations and accounting entries
  • Work order. This event can be used for the management of work orders
  • L/T Financing. This event can be used for the management of “L/T financing” type objects
  • Generic credit terms. This event can be used for the management of any type of credit terms
  • Outstanding credit terms. This event can be used for the management of “sales”, “client receivables” and “outstanding on cash schedule” type credit terms
  • Sales credit terms. This event can be used for the management of “sales” type credit terms
  • Asset. This event can be used for the management of “asset” type objects
  • Initial Balance Sheet. This event can be used for the management of the initial balance sheet
  • Stock. This event can be used for the management of “stock” type objects

The following event types are predefined by Tagetik:

  • Profit & Loss/Variation
  • $GPL - PL Line
  • $GBL - Billing Line
  • $GMCP - Manual Collection/Payment
  • $GDP - Down Payment
  • Initial balance sheet
  • $GIB - Actual balance sheet
  • $GSCP - Collection/Payment Schedule
  • Generic Coll./Paym. Rule
  • $DCP - DSO/DPO - Collection/Payment
  • Collection rule
  • $DPN - DSO/DPO - Promissory note
  • $DPNC - DSO/DPO - promissory note collection
  • Outstanding Credit Terms
  • $DCD - DSO/DPO - Credit disputes
  • $DO - DSO/DPO - Outstanding
  • $DOC - DSO/DPO - Outstanding collection
  • Currency hedging
  • $C01 - Currency Hedging - Credit exchange rate difference
  • $C02 - Currency Hedging - Debit exchange rate difference
  • $C03 - Currency Hedging - On Entity Currency
  • $C04 - Currency Hedging - On Transactional Currency
  • L/T Financing
  • $F01 - Financing - New
  • $F02 - Financing - Fee
  • $F03 - Financing- Coupon accrual
  • $F04 - Financing - L/T interest
  • $F05 - Financing - Interest capitalization
  • $F06 - Financing - Rates hedging interest
  • $F07 - Financing - Interest write-off
  • $F08 - Financing - Interest payment
  • $F09 - Financing - Rates hedging interest payment
  • $F10 - Financing - Interest payment write off
  • $F11 - Financing - Principal payment
  • $F12 - Financing - Advance reimbursement
  • $F13 - Financing - Project financing
  • $F14 - Financing - Transfer to current quota
  • $F15 - Financing - Current quota write-off
  • $F16 - Financing - Withholding tax
  • Asset
  • $A01 - Asset - Purchase
  • $A02 - Asset - Billing for Asset purchase
  • $A03 - Asset - Construction in progress purchase
  • $A04 - Asset - Transfer from CIP asset to asset
  • $A05 - Asset - Purchase payment
  • $A06 - Asset - Depreciation
  • $A07 - Asset - Deposit on purchase
  • $A08 - Asset - Deposit on purchase write-off
  • $A09 - Asset - Sale
  • $A10 - Asset - Billing for Asset sale
  • $A11 - Asset - Sale of construction in progress
  • $A12 - Asset - Collection from Sale
  • $A13 - Asset - Sale deposits collection
  • $A14 - Asset - Sale deposit write-off
  • $A15 - Asset - Capital loss on sale
  • $A16 - Asset - Capital gain on sale
  • $A17 - Asset - Construction in progress write-off
  • $A18 - Asset - Accumulated depreciation write-off
  • $A19 - Asset - Write-off
  • $A20 - Lease - New
  • $A21 - Lease - Advance monthly fee
  • $A22 - Lease - Deferred monthly fee
  • $A23 - Lease - Fee payment
  • $A24 - Lease - Advance periodic fee
  • $A25 - Lease - Deferred periodic fee
  • $A26 - Lease - Principal Payment
  • $A27 - Lease - Advance monthly interest
  • $A28 - Lease - Advance monthly interest payment
  • $A29 - Lease - Deferred monthly interest
  • $A30 - Lease - Deferred monthly interest payment
  • $A31 - Lease - Final Instalment Payment
  • Stock
  • $B01 - Bond - Purchase
  • $B02 - Bond - Purchase fee
  • $B03 - Bond - Coupon liquidity
  • $B04 - Bond - Loss on sale
  • $B05 - Bond - Gain on sale
  • $B06 - Bond - Coupon accrual
  • $B07 - Bond - Interest accrual
  • $B08 - Bond - Withholding accrual
  • $B09 - Bond - Coupon withholding
  • $B10 - Bond - Withholding on purchase
  • $B11 - Bond - Interest accrual write-off
  • $B12 - Bond - Withholding accrual write-off
  • $B13 - Bond - Sale
  • Work order
  • $P01 - Project - Down payment invoice
  • $P02 - Project - Retention guarantee invoice
  • $P03 - Project - Down payment invoice collection
  • $P05 - Project - Retention guarantee collection
  • $P06 - Project - Revolving
  • $P07 - Project - Revolving reimbursement
  • $P08 - Project - Certificated CIP statement
  • $P09 - Project -Factoring
  • $P10 - Project - CIP factoring
  • $P11 - Project - Down payment write-off
  • $P12 - Project - Retention guarantee write-off
  • $P13 - Project - CIP write-off
  • $P14 - Project - Factoring write-off
  • $P15 - Project - Factoring CIP write-off

Events entered manually can only be of “P&L/variation” or “Initial balance sheet” type events