How are accounts and dimensions categorized in Workday Adaptive Planning?

In Workday Adaptive Planning, accounts and dimensions are categorized using attributes, which play a significant role in organizing and defining the various elements within the planning model. Attributes provide descriptive characteristics that can qualify and differentiate data points, making it easier to analyze and segment financial information according to different criteria. For example, attributes can be used to categorize accounts by type (like revenue or expense) or dimensions by categories such as department, location, or product line.

By relying on attributes, users can create a flexible, detailed structure that aligns with the specific needs of the organization’s planning framework. This allows for more targeted reporting and planning processes, as the attributes can provide insights that are tailored to how the business wants to evaluate its performance.

The other methods listed do not primarily categorize accounts and dimensions. Time periods refer more to the timing of reports and data availability rather than categorization. User-defined templates provide structures for reports or planning processes but do not serve as a means to categorize data. A hierarchical data structure indicates a way to organize data in parent-child relationships but does not specifically address how accounts and dimensions are categorized within Workday Adaptive Planning.