All postings in Lucanet are made to accounts. Accounts are only changed by postings and therefore behave the same way as accounts in conventional financial accounting systems.

Audit trails are used to log and monitor all postings in Lucanet. All data imports, postings, data transfers from MS Excel, and entries in exchange rate tables must be permitted for the combination of data level, adjustment level, time and consolidation unit. These posting releases are controlled in Lucanet. Financial Client in the Posting and planning workspace using Audit trails.

The Cockpit is the central work interface in Lucanet Disclosure Management. It provides an overview of all the documents managed in Disclosure Management and their editing state at a glance.

Consolidation areas are the elements that contain all consolidation units that are to be consolidated together.

The CSRD (Corporate Sustainability Reporting Directive) is a directive proposed by the European Union to enhance and standardize sustainability reporting by companies.

D/C recording switches the view from plus and minus recording to the entry of accounting values in debit and credit.

In Lucanet, data are stored in data levels. A distinction is made between the actual data level and the planning data levels:

In the Data view in Disclosure Management, you can manually check, update and modify report values that have been imported from a source system.

Debit/credit shifts are configured so that negative postings do not have to be disclosed as negative numbers in general ledgers. Instead, negative values are posted as positive values to a contra account via the debit/credit shift. The amount is disclosed or not on the contra account in the general ledger, depending on whether the balance is positive or negative.

In ledgers and schedules, the dimension bar is displayed in the upper area of the application window. In the dimension bar, the dimensions Time period, Adjustment level, Data level, Organization element, Transaction currency, Display currency, and Partner are selected and configured for display in the tree view.

Directory structures are workspaces used, among other things, to administer text documents, files, Lucanet.Excel-Reporting files, reports, data files, E-Bilanz files, graphics and fonts.

Disclosure Management is the solution for creating reports and managing publication. It is designed to help you organize and optimize the "final furlong" of your reporting process. It was developed to manage fiscal content in all types of report that handle large volumes of numerical information that needs to be synchronized between multiple data sources and consumers.

The main purpose of this software is to eliminate most of the manual steps that are required when transferring data from their systems to the necessary output format. At the same time, it is designed to keep the information consistent in different parts of a single report, across multiple reports, and across different output formats.

Disclosure Management covers your entire process, from data collection to evaluation, transfer and reporting. Its automated data flow and integrated XBRL tagging system allow you to combine your financial and ESG reporting processes.

The Dispatcher is a program that must be installed on every computer on which Lucanet Disclosure Management is to be used. The Dispatcher is required to establish a connection between the local Office installation and the CFO Solution Platform. The Disclosure Management files are downloaded to the local MS Office by the Dispatcher and then uploaded back to the CFO Solution Platform.

The display currency defines the currency in which values are displayed. In Lucanet. Financial Client, any desired display currencies can be defined. To display values, exchange rate tables are used to convert all values from the transaction currency to the display currency and total them. Audit trails can be used to define the periods within which exchange rate tables may be created or changed.

Double materiality assessments (DMA) provide a foundational analysis of an organization's impact on sustainability. According to the CSRD, the DMA consists of two types of materiality that organizations need to consider:

By combining these two factors, it is possible to assess which sustainability risks and opportunities are material for a specific company and, thus, should be included in their reporting.

An emission factor is a coefficient used for calculating a footprint to estimate the greenhouse gas emissions.

The ESEF (European Single Electronic Format) is a regulatory framework mandated by the European Securities and Markets Authority (ESMA) for the digital reporting of annual financial reports by issuers listed on EU-regulated markets.

The Lucanet ESG Reporting ( ESG = E nvironmental, S ocial, and G overnance) solution covers all your needs in the ESG reporting process. It covers all non-financial risks and opportunities that can arise in connection with the daily activities of an enterprise. ESG Reporting complies with the ESRS requirements and the GHG Protocol, and provides decentralized data collection with customized questionnaires. It can also be used to calculate GHG emissions.

The ESRS (European Sustainability Reporting Standards) are a set of standards developed by the EFRAG (European Financial Reporting Advisory Group) under the mandate of the CSRD (Corporate Sustainability Reporting Directive). These standards aim to enhance and harmonize the sustainability reporting of companies within the European Union by providing clear and detailed guidelines on what and how to report on ESG (Environmental, Social, and Governance) issues.

ESRS 2.0 is a report guideline available in Lucanet ESG Reporting as a third option alongside ESRS and VSME. The ESRS 2.0 questionnaire uses the same pillar structure as ESRS: General Disclosures, Environmental, Social, and Governance, however with a shorter and less complex structure.

The EU Taxonomy is a classification system established by the European Union to provide clarity on which economic activities can be considered environmentally sustainable. This involves defining detailed technical screening criteria for each environmental objective, which are established through delegated acts.

Financial materiality, or "outside-in perspective", is a term used to classify a sustainability matter in the double materiality assessment. Financial materiality refers to the importance of ESG factors that have a direct or indirect impact on an organization's financial performance or condition, and it focuses on how environmental and social issues, as well as governance practices, might influence the financial outcome.

A fiscal year is a period of 12 months used by a company or organization for financial and economic purposes. The fiscal year does not necessarily have to correspond to the calendar year, but can begin and end at any time.

Folders are used to combine workspaces and folders. The Lucanet elements are created and edited in the workspaces.

Predefined folders

Lucanet has a set of predefined folders that are used to group workspaces related to a specific topic. Which folders are displayed by default depends on your license scope. All predefined folders can be deleted except for the Start folder.

Controlling indicators such as the absolute liquidity ratio, the equity ratio, and the return on sales can be created in Lucanet using formulas. A formula is a calculated item. The formula used to calculate the value can be specified by the user. Each variable in the formula must refer to an item or an account in the Lucanet database.

The general ledger is used to store and display accounts and items in Lucanet. The account structure of a balance sheet (generally in accordance with the country-specific accounting standard, e.g. the German Commercial Code (HGB)) is stored in the general ledger. In the general ledger, the original accounts from the financial accounting source systems are created, assigned and managed, and manually created accounts and items are administrated.

GHG is an acronym for greenhouse gases. These are gases that trap heat in the Earth's atmosphere, contributing to the greenhouse effect and global warming. GHG emissions refer to the release of these gases into the atmosphere, mainly through human activities.

The GHG Protocol (Greenhouse Gas Protocol) is an internationally recognized standard for calculating and reporting greenhouse gas emissions. The GHG Protocol provides companies and governments with a standardized method to quantify and manage their emissions.

In a posting of type Posting, you can define individual historical exchange rate translations in Lucanet. Financial Client for each posting value. All currency translations configured for the reporting entity or consolidation area are taken into account.

IFRS 16 regulates the recognition, measurement, presentation, and disclosure requirements for leases in the financial statements of companies that prepare their accounts in accordance with IFRS.

Impact materiality, or "inside-out perspective", is a term used to classify a sustainability matter in the double materiality assessment. Impact materiality refers to the significance of an organization's effects on the environment and on people, and how these effects influence the organization's capacity to create value over time.

Items are used in Lucanet for a better overview and better structuring of ledgers. Hierarchies are created by means of items. The value at the item level is always the total of all subordinate items and accounts.

iXBRL stands for Inline eXtensible Business Reporting Language. iXBRL is a standard derived from the XBRL standard.

It's a standard that allows financial data and other business reports to be presented in a format that is both human- and machine-readable. This dual capability enhances the transparency and usability of reports, ensuring that they can be easily accessed and analyzed by a wide range of stakeholders, including regulators, investors, and analysts.

In Disclosure Management, the processing of actions initiated by the user is managed by the so-called Job Monitor. Depending on the process and status, the Job Monitor issues a message in the Disclosure Management notification window.

A journal contains all postings and data imports of the respective combination of data level and reporting entity or consolidation area and all the documents underlying the individual postings.

With the help of the layout robot, you can use “layout actions” in MS Excel and MS Word to give your tables a uniform design. The layout robot is saved in the Document Settings.

Ledgers are used for summarizing accounts and items for recreating a particular presentation (e.g. balance sheet or profit and loss statement). A distinction is made between general ledgers, subledgers, and statistical ledgers.

A lessee is a party in a leasing agreement who receives the right to use an asset owned by the lessor in exchange for lease payments.

A lessor refers to a party that leases out an asset to another party under a lease agreement.

The License Manager is a user role in the Lucanet CFO Solution Platform. Users with this role act as authorized representatives with contractual authority and can request license upgrades via the platform with binding effect. All actions performed are legally binding.

In Disclosure Management, Name columns contain the row designations – or names – for the individual report values, such as the names of items and accounts.

A name column has the following Properties:

Notation for a Name Column

Generally speaking, name columns follow the notation below:

name _sequential number

Example: name_1

Numerical object identifier for elements. The OID ensures that the corresponding element (= object) to be queried or executed can be identified by the Lucanet software.

OIDC (OpenID Connect) is an authentication method that builds on the OAuth 2.0 protocol and adds an additional identity layer. It enables the secure verification of user identity and supports Single Sign-On (SSO), allowing users to access various applications seamlessly and securely.

An organization element is a specific component based upon which an organization is structured, and that serves to define the structure and hierarchy within the organization.

Excel tables and the Outareas defined in them provide the data for the tables in the result documents. To ensure that Lucanet Disclosure Management can use tables from Excel documents contained within Word document, these tables must be part of an Outarea defined in the Excel file. The Outareas created in MS Excel can be transferred to a Word document using the Word Ribbon.

A posting is used to record a financial transaction or event in a financial accounting system. All postings in Lucanet are made to accounts.

In Disclosure Management, the Programming column is responsible for programming the content of value columns ( value_ columns). It contains data such as item and account numbers from the source system, plus other information for calculating values in values columns.

A programming column has the following properties:

Notation for a Programming Column

Generally speaking, programming columns follow the notation below:

prog_ sequential number_Suffix

Example: prog_2_PCURRENTYEAR

References are links that refer to items or accounts in general ledgers, subledgers and statistical ledgers. References can be used to create derived structures in Lucanet (e.g. a derived IFRS balance sheet). A distinction is made between direct and indirect references.

Reporting entities are the elements to which postings can be made in Lucanet. Generally, reporting entities are equivalent to the companies of an enterprise. To enable granular postings, cost centers can be created for reporting entities.

A result document is the final report or business report created in Lucanet Disclosure Management, often in the form of a Word file. Microsoft Word is the most important output medium for fiscal reports of all types. Disclosure Management can generate a ready-to-print layout at the Microsoft Word level itself. This is achieved using a “layout robot”, which can create tables that match the specified corporate design at the push of a button.

Ribbons are multi-functional bars for applications. In Lucanet Disclosure Management, you can use special functions in ribbons for MS Excel and MS Word when working with MS Office documents:

SAML (Security Assertion Markup Language) is an XML-based framework for the distribution of authentication and authorization information between different parties, particularly between an Identity Provider (IdP) and a Service Provider (SP). It enables Single Sign-On (SSO) by securely transmitting authentication data over the Internet, allowing users to access multiple applications and services with a single set of login credentials.

Schedules are used for summary presentation of changes with respect to a particular area, e.g. assets, provisions, credits or equity.

Lucanet.Script Execution Application ( SEA for short) is a Lucanet application that you need if you operate ERP/financial source systems on-premises and want to import data from these systems into the Lucanet CFO Solution Platform using an ETL script.

SEA must be installed as a system service in your local environment via Lucanet.Software Manager to enable communication with the source system. That means SEA must be installed in the same network as the source system or the source file. The application executes the required scripts locally to extract, transform, and load data from local ERP/financial systems. Subsequently, the data is securely transferred to Lucanet.Financial OLAP Server or Lucanet.Financial Warehouse in the AWS cloud.

Separators are empty items that can be created for better clarity of ledgers and schedules

In a cumulated display, the sum of a value is displayed in posting columns across all posting entries.

A Software Bill of Materials (SBOM) is a comprehensive list of all components, including open-source and third-party elements, that are contained in a software application. An SBOM typically includes information on component names, versions, licenses, and dependencies. In the Lucanet CFO Solution Platform, SBOMs are available for download in JSON format.

Solution is the word Lucanet uses for applications that can run on the Lucanet CFO Solution Platform. Examples of solutions include Consolidation & Financial Planning, ESG Reporting and Disclosure Management. The solutions you have licensed are displayed in the main menu of the Lucanet CFO Solution Platform. For licensing, customers should contact their Lucanet contact person or use the contact form↗ on the Lucanet website.

Statistical ledgers can be used to create account hierarchies that need not be subject to the rules of double-entry accounting (e.g. derived profit and loss structures and balance sheet structures, indirect cash flow statements, and direct liquidity planning or statistical workspaces).

In Lucanet Disclosure Management, a structure refers to a named selection and arrangement of a document’s chapters. Structures are used to generate different report versions from a single source document (e.g., summary report, detailed report, management report).

The Default structure always contains all chapters of the document.

Subledgers serve to supplement and explain the general ledger. A subledger is used, for example, to store the structure of the P&L based on your main structure (generally in accordance with the country-specific accounting standard, e.g. the German Commercial Code (HGB)). In subledgers, original accounts from the financial accounting source systems are created, assigned and managed, and manually created accounts and items are administrated.

Time series are items that partially have predefined values, such as work days per year, but can also represent customizable values.

Total lines or subtotal lines are items whose values are based on the total of all items of the same level above the totals item.

The transaction currency specifies which values are used in calculating the display currency. Each posting in Lucanet must contain information about the transaction currency in which they are to be performed. You can define any number of transaction currencies in Lucanet.

Transaction types provide information about the reason for changes to an account within a given period. This information is used to display schedules (fixed asset schedules, provision schedules, statements of changes in equity, loan schedules) and the indirect cash flow statement.

Transaction type categories summarize all transaction types for a schedule. The following transaction type categories are predefined in Lucanet. Web Client: fixed asset schedules, provision schedules, loan schedules, and statements of changes in equity. There are predefined transaction types in all categories. In addition, any number of other transaction type categories and transaction types can be created in Lucanet. Financial Client.

In Disclosure Management, validations provide a way of checking and ensuring consistency within a document and its associated calculation. Validations summarize any deviations between values that should be the same within a document. They do this by comparing two values.

In Disclosure Management, Value columns contain the report values for the current document. In columns that are defined as value columns, values are added and updated after each data import and whenever the Excel file is updated.

A value column has the following properties:

Notation for a Value Column

Generally speaking, value columns follow the notation below:

value_ sequential number[_suffix]

Example: value_1_PAJ06

The dimensions displayed in the Dimension bar in ledgers and schedules depend on the configuration of the corresponding View to which the dimension bar belongs. Lucanet. Financial Client and Lucanet. Web Client provide the option of configuring different views with any desired columns. In addition to the default view for the presentation of time series, reporting entities and adjustment levels, any number of comparison views can also be configured.

VSME stands for Voluntary Sustainability Reporting Standard and is designed for small and medium enterprises (SMEs). It is a European voluntary reporting framework developed to provide a simplified, proportional alternative to the mandatory ESRS (European Sustainability Reporting Standards). VSME has been developed by the EFRAG (European Financial Reporting Advisory Group) for SMEs excluded from the CSRD, enabling these companies to report on ESG issues without using ESRS, which have a broader scope, to fulfill business partner data requests and secure green financing.

XBRL stands for eXtensible Business Reporting Language. It is an XML-based language used to create electronic documents in the field of financial reporting.

The XBRL standard is an internationally recognized standard for creating and transferring digital financial data to authorities, investors and other recipients. In fact, using the XBRL format for financial reports is a legal requirement in many countries.

The structure of the company’s electronic data is generally based on a particular accounting standard. This is referred to as the XBRL taxonomy. Examples of this include the HGB, IFRS, and US-GAAP taxonomies.