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This report is effectively a Comparative Balance Sheet and Income Statement for a designated year and through period. The report also includes the change in each account from the prior month. If available, adjusting entries may be included in the data. Along with the Budget vs. Actual report, this report is useful in evaluating financial performance as well as determining reasonableness of financial data.
| • | Year comparison - Data is included for both the current and prior year, on a year-to-date basis, ending on the selected date and one year prior. For instance, a financial change report through period 5 will include five months of financial data. |
| • | Month comparison - This column of data reports the change in the listed account from the prior month. |
| o | Year - limits the results to a specific year. |
| o | Through Period - limits the results to a specific timer period. For example, if you wanted to see where your company stood as of the end of May 2011, you would enter 5 in this field. |
| o | Division - limits the results to a single Division. |
| o | Include year end adjustments - this can only be used on years that have been closed. For example, if you enter 2009 in the Year field, this checkbox will become active, because a year-end close was done. |
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