Which accounts utilize global formulas for defining financial concepts such as net income?

Metric Accounts are designed to utilize global formulas for defining financial concepts such as net income. These accounts serve as a way to aggregate, analyze, and present data based on defined calculations that can be applied universally across the financial model. Metric Accounts enable users to use standard formulas for key performance indicators and financial metrics, allowing for consistent reporting and analysis throughout the organization.

The use of global formulas in Metric Accounts ensures that key financial figures, like net income, are calculated based on established definitions, providing a standardized method of measurement that can be applied regardless of the context in which they are used. This enhances the accuracy and reliability of financial reporting and allows various departments to make informed decisions based on consistent data.

Global formulas help in defining the relationships between different financial variables and ensure that all relevant accounts align with these definitions. This is crucial for maintaining data integrity and ensuring that metrics reflect the company's financial reality accurately.