What do collections of accounts representing financial scenarios refer to in Workday Adaptive Planning?

In Workday Adaptive Planning, collections of accounts representing financial scenarios are referred to as versions. Versions allow users to create different sets of financial data that can represent various scenarios, such as budget, forecast, or actual results. This enables organizations to analyze and compare these different sets of data effectively, which is crucial for financial planning and decision-making.

By utilizing versions, users can adjust inputs, reflect seasonal changes, or modify assumptions without affecting other data sets, ensuring a clear and organized approach to financial analysis. This functionality is essential for robust forecasting and scenario planning, which are key elements in financial management and strategic decision-making.

Models, facets, and scenarios, while relevant in other contexts, do not specifically denote the structured collections of accounts in the same manner as versions do. Models typically refer to the framework used for planning, facets can indicate attributes or characteristics of data, and scenarios might denote the particular contexts being analyzed, but versions specifically capture the entire collection representing a complete picture of a financial scenario.