Glossary

A

Audit trails

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.

Title
Audit trails
Description

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.

B
C

CSRD

Title
CSRD
Description

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

Cockpit

Title
Cockpit
Description

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 area

Title
Consolidation area
Description

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

D

D/C recording

Title
D/C recording
Description

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

Data level

Title
Data level
Description

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

  • Actual data level: There is exactly one actual data level. The start and end time of the actual data level can be freely defined and determines the period for which actual figures can be imported or posted. 
  • Planning data levels: Up to 254 planning data levels can be created in Lucanet.Financial Client. Planing data levels also have a start time period and an end time period. Planning data levels are always based on the values of the actual data level and carry forward its balance sheet values. There must not be a time gap between actual and planning data levels.

Debit/credit shift

Title
Debit/credit shift
Description

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.

Dimension bar

Title
Dimension bar
Description

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 structure

Title
Directory structure
Description

Directory structures are used to combine elements.

Disclosure Management

Title
Disclosure Management
Description

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. 

 

Display currency

Title
Display currency
Description
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.
E

ESEF

Title
ESEF
Description

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.

ESG Reporting

Title
ESG Reporting
Description

The Lucanet ESG Reporting (ESG = Environmental, Social, and Governance) 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.

ESRS

Title
ESRS
Description

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.

EU Taxonomy

Title
EU Taxonomy
Description

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.

F

Fiscal year

Title
Fiscal year
Description

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.

Formula

Title
Formula
Description

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.

G

GHG Protocol

Title
GHG Protocol
Description

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.

GHG emissions

Title
GHG emissions
Description

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.

General ledger

Title
General ledger
Description

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.

H

Historical exchange rate translation

Title
Historical exchange rate translation
Description

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.

I

Item

Title
Item
Description

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

Title
iXBRL
Description

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.

J

Journal

Title
Journal
Description

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.

K
L

Layout robot

Title
Layout robot
Description

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.

Ledger

Title
Ledger
Description

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.

M
N

Name column

Title
Name column
Description

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:

  • The name of a name column begins with name_.
  • Name columns include a sequential number.

 

Notation for a Name Column

Generally speaking, name columns follow the notation below:

name_sequential number­

Example: name_1

O

OID

Title
OID
Description

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.

Organization element

Title
Organization element
Description

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.

Outarea

Title
Outarea
Description

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.

P

Posting

Title
Posting
Description

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

Programming column

Title
Programming column
Description

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:

  • The name of a programming column begins with prog_.
  • The name of a programming column includes a sequential number and a PeriodID.

 

Notation for a Programming Column

Generally speaking, programming columns follow the notation below:

prog_sequential number_Suffix

Example: prog_2_PCURRENTYEAR

Q
R

Rounding view

Title
Data view
Description

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

Reference

Title
Reference
Description

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.

  • A direct reference always contains all subordinate items and accounts of the default item. If a change is made to the structure of the default item, this change is also applied to the reference.
  • In contrast, an indirect reference allows exceptions to be defined for the display of the subordinate items and accounts.

Reporting entity

Title
Reporting entity
Description

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.

Result document

Title
Result document
Description

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.

Ribbon

Title
Ribbon
Description

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:

  • The Excel ribbon helps you with programming an Excel file for Disclosure Management.
  • The Word ribbon helps you with creating result documents in MS Word.
S

Schedule

Title
Schedule
Description

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

Show cumulated

Title
Show cumulated
Description

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

Solution

Title
Solution
Description

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 ledger

Title
Statistical ledger
Description

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).

Subledger

Title
Subledger
Description

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.

T

Transaction currency

Title
Transaction currency
Description

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 type

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.

Title
Transaction type
Description

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 category

Title
Transaction type category
Description

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.

U
V

Validation

Title
Validation
Description

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.

Value column

Title
Value column
Description

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:

  • The name of a value column begins with value_.
  • The name of a value column includes a sequential number and a PeriodID.

 

Notation for a Value Column

Generally speaking, value columns follow the notation below:

value_sequential number[_suffix]

Example: value_1_PAJ06

View

Title
View
Description

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.

W
X

XBRL

Title
XBRL
Description

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.

Y
Z