Validations
You will want to test that certain conditions are true while consolidating your data. This type of rule works to make tools like Process Management more useful, but every application should have validations. The best approach was first done by one of the technical editors of this book and myself on one of the very first HFM projects. I know it is a pretty good approach since years later, at a meeting on best practices, a large firm presented this concept as a best practice.
First, you should group your validations by type, Prevent and Detect. Prevent validations are validations that you intend to stop the close. These are Accounting 101 basic mistakes, ones that are so egregious that you want to stop the close until they are resolved. ...
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