Glossary
The terms you meet in CFO Panorama — accounting, consolidation, hotel KPIs and the application's own words — in plain language.
The words CFO Panorama uses, in alphabetical order. Czech terms are given where your accountant will use them.
| Term | Meaning |
|---|---|
| Adjustment journal | A journal posted in CFO Panorama, not in the accounting system, to correct or reclassify figures for management reporting (for example an accrual the books do not yet have). It shows with the basis Books + adjustments. |
| ADR | Average daily rate: room revenue divided by rooms sold. A hotel KPI. |
| Average rate | The ČNB monthly average rate. The P&L and the cash flow of a month are translated at it. |
| Basis | What a report includes: Books only — the accounting as imported; Books + adjustments — plus the adjustment journals posted in CFO Panorama. Elimination journals are in both. |
| Batch | One import of one file for one company and fiscal year. Each has a number (see J# / M# / S#). |
| Board pack | The monthly PowerPoint for the board: key figures, statements, budget comparison, findings and management questions, built from the same figures as the reports. |
| Bridge | See Restatement bridge. |
| Closing rate | The ČNB rate at the end of the month. Balance-sheet amounts are translated at it. |
| Combined | The sum of the chosen companies before eliminations. In the reports the column is called Sum of companies (before eliminations). |
| ČNB rates | The exchange rates of the Czech National Bank, loaded every working day. Used to show the reports in CZK or EUR. |
| Coverage | The share of a company's amounts that are mapped to the group chart of accounts. The Coverage badge in the sidebar shows it; 100 % means every amount reaches a report line. |
| CTA | Cumulative translation adjustment: the balance-sheet line that takes the exchange differences arising when balances are translated into another currency at different rates. You can drill down into it. |
| Dimension | A way of slicing the figures besides the account, such as cost centre, activity, contract or hotel. Local dimension values are mapped to the group's dimensions like accounts. |
| EBITDA | Earnings before interest, taxes, depreciation and amortisation: operating profit before depreciation and amortisation. |
| Elimination journal | A journal that removes intercompany balances and transactions (sales, rents, loans between your companies) so that the Group column shows only dealings with the outside world. |
| Eliminations | The report column holding the elimination journals. Combined + Eliminations = Group. |
| Findings | The board pack's observations: unusual movements and what may explain them, each backed by the figures behind it. Rule-based and reproducible. |
| Free cash flow | Operating cash flow less capital expenditure (purchases of fixed and intangible assets). |
| Functional currency | The currency a company keeps its books in — CZK for Czech companies. |
| Global chart of accounts | Your group's own chart of accounts in CFO Panorama, on which every company reports. Each company's local accounts are mapped to it. Page: Chart of accounts. |
| GOP | Gross operating profit: in a hotel P&L (USALI), revenue less the departments' costs and the undistributed operating expenses. |
| Group | The report column for the whole group (or the chosen part of it) after eliminations. Also: the client group — your companies together in CFO Panorama. |
| Historical rate | The rate at the date an amount arose. Share capital and other equity are translated at it. |
| Home ledger | The level an elimination journal belongs to: the lowest common parent of the companies it names, or the Group level. It decides in which part of the group the elimination applies. |
| Intercompany pair | Two of your companies with balances or transactions between each other, for example a receivable in one and the payable in the other. The two sides should agree. |
| J# / M# / S# | Numbers of imports: J# a journal batch, M# a master-data batch (chart of accounts and lists), S# a statistics batch. |
| Local account | An account of a company's own chart in POHODA or Money S3 (for example 518100). |
| LTM | Last twelve months: the twelve months ending with the month shown. |
| Management questions | The questions the board pack asks the managers about its findings, in an Excel sheet that can be answered and uploaded back. |
| Mapping | Assigning each local account (and dimension value) to the group chart of accounts. Page: Mapping. |
| n.m. | Not meaningful: a ratio or a % change whose base is zero, missing, negative or changes sign. |
| Net debt | Bank loans, overdrafts, bonds and lease liabilities less cash. Shown as Net bank debt. |
| Occupancy | Rooms sold divided by rooms available. A hotel KPI. |
| Period lock | A decision that a fiscal year of a company is reported through a month. The figures of the locked months are frozen in a snapshot. |
| Platform access | CFO Panorama support opening your group to diagnose a problem, without being a member; every request is logged for your admins. |
| PPA | Prior-period adjustment: a line added to a month that had already been reported. |
| Presentation currency | The currency a report is shown in (CZK or EUR). The group's default is set in the controller details. |
| QTD | Quarter to date: from the first month of the quarter to the month shown. |
| Restatement | A change to figures that had already been locked, made by locking the period again as a new version (v2, v3 …). |
| Restatement bridge | The screen that compares two versions of a company's figures line by line and lists the postings that changed. |
| RevPAR | Revenue per available room: room revenue divided by rooms available (equals ADR × occupancy). |
| Sample group | A demo group with generated data — hotel, restaurants, developer, agency, bike shop. Read-only. |
| Scope | A saved part of the group to report on: legal — a company and what it controls; management — a list of companies you choose. |
| Snapshot | The copy of a company's monthly figures taken when a period is locked. It is never changed or deleted. |
| Středisko / činnost / zakázka | The three dimensions of Czech accounting software: cost centre, activity and contract (job). |
| Synthetic account | The first three digits of a Czech account (syntetický účet, for example 518); the analytical accounts below it add digits (518100). |
| Tolerance | The amount by which the two sides of an intercompany pair may differ and still count as matched. Set in the group profile. |
| USALI | Uniform System of Accounts for the Lodging Industry: the international layout of a hotel P&L by department. |
| YTD | Year to date: from the first month of the fiscal year to the month shown. |
Did not find what you need? Write to erik@cfopanorama.com.