Dear all:
Situation
We have a new project coming up for departmental budgeting, and I would like to know some best practices from the experts.
Data
We assign each department head to do the budget planning for his/her department. In addition, after each department head completes his part, the executives are to review the budget planning and make further modification (i.e. raise or lower the budget).
Questions
I have some basic questions about best practice of setting up Profit Center and Cost Center Dimensions
1. Do I use Entity Dimension for it, or create a different Dimension?
2. Do people usually combine both Profit Center and Cost Center in one Dimension or separate Dimension?
3. If we do not use Entity Dimension for Profit/Cost center, what do people use this Entity Dimension for?
Comments
Because the final number is a parent member aggregating values of "department head" and "executives" and maybe additional "adjustment", I can see the complexity in the process and would like to research thoroughly before developing.
I understand the answers may vary depending up each company's unique business flow. But if there's a general guideline for me to consider, I will much appreciate.
THANK YOU!
Sincerely,
Brian