The reclassification of the statutory financial statements
Leanus allows you to reclassify any balance sheet or accounting situation in real time. By reclassification of the financial statements we mean theirs reorganization according to a model more suited to understanding and evaluation of the same data from a management point of view.
Leanus performs automatically following reclassifications:
- from statutory budget to classic income statement
- from statutory financial statements to operating income statements
- from statutory financial statements to balance sheets to sources and uses
- from statutory financial statements to balance sheet for liquidity
- from statutory financial statements (XBR extension) to AQR extension 1
- from statutory financial statements to standardized statutory scheme (complete model downloadable in excel)
- from statutory financial statements to Other Schemes (Bank, Corporate Bank, and other customized models)
Leanus automatically reclassifies and processes any balance sheet or accounting situation in XBR extension, XML, csv, L1 and L2 using the templates of Management Income Statement, Balance Sheet.
On the basis of the two main schemes, the Financial statement and, in parallel, in additional templates.
The reclassification of the statutory financial statements takes place in real time. The user then has the possibility to modify and customize the reclassification criteria.
Click here for view the different sources that can be processed
To view the default reclassification, access Leanus, select any analysis and click on “reset reclassification” in the Source and Reclassification menu.
Important: The standard (modifiable) reclassification of Leanus provides that:
- Revenues include only item A1 - Revenues from sales and services (item A5 is reclassified under Other revenues)
- La Pfn includes Payables to Banks and Payables for Bonds net of Cash
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The reclassification of a statutory financial statements is shown below.
The first image shows a section of the reclassified scheme of Balance Sheet (Sources-Uses). By clicking on each label it is possible to view the details of the items of the source reclassified as other debts (see images below). The user can at any time modify the reclassification criteria, save them and retrieve them later.
Menu: Balance Sheet Analysis / Balance Sheet / Numerical Analysis
The images relating to the menu are shown below Reclassification which shows how to associate the respective reclassification items of the Leanus schemes to each item of the statutory financial statements.
Menu: Source and Reclassification / Reclassification
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Before proceeding with the reclassification, memorize the main schemes and the relative signs with which the single values are represented.
Management of the sign (same sign - opposite sign)
Before proceeding with the reclassification, remember that:
the following items in the Income Statement they are represented with a minus sign
- Purchasing Dept.
- Fixed costs
- Variable costs
- Depreciation
- Provisions
- Write-downs
- Taxes
therefore if they are reported in the source with the sign (+), must be reclassified reversing the sign (opposite sign).
In the Balance Sheet to Sources and Employment, the following items they are represented with a minus sign
- Depreciation Fund
- Payables to suppliers
- Other payables
- Funds
- Liquid assets
Dedicated webinars
The management reclassification of the statutory income statement
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