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U-M Data Warehouse Financial Data Dictionary Last update: August 2012 All rights reserved. This document may be reproduced or reprinted, in whole or in part, without permission as long as the above
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What is financial data dictionary?
A financial data dictionary is a document that provides a detailed description and definition of all the data elements used in financial systems and reports.
Who is required to file financial data dictionary?
The requirement to file a financial data dictionary varies depending on the jurisdiction and regulatory bodies. Generally, financial institutions, publicly traded companies, and organizations subject to specific reporting requirements are required to file a financial data dictionary.
How to fill out financial data dictionary?
Filling out a financial data dictionary involves documenting the data elements used in the financial systems, providing their definitions and attributes such as data type, length, format, and any related business rules. It is typically done by analyzing the existing systems and gathering information from various stakeholders.
What is the purpose of financial data dictionary?
The purpose of a financial data dictionary is to promote consistency and accuracy in financial reporting and analysis. It helps in understanding the meaning and usage of data elements, ensuring data integrity, facilitating data sharing and integration, and maintaining compliance with regulatory requirements.
What information must be reported on financial data dictionary?
The information reported in a financial data dictionary includes a comprehensive list of data elements, their definitions, data types, length or size, format, and any relevant business rules or constraints associated with each data element.
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