Which version type is primarily used for actual financial results from completed accounting periods?

The Actuals Version is designed specifically to reflect the real financial results from completed accounting periods. This version captures historical data that has been finalized and validated, meaning that it provides a reliable basis for analyzing past performance. Users rely on actuals for accurate reporting and assessment of financial health, allowing organizations to compare their performance against budgets or projections.

In contrast, the Projection Version is used for forward-looking views, helping businesses model potential future scenarios based on certain assumptions. The Estimate Version is often provisional, reflecting preliminary assessments that may change as more data becomes available. The Forecast Version is concerned with predicting future financial outcomes rather than recording past results. Each of these other versions serves different purposes to aid in planning and decision-making, but it is the Actuals Version that provides the solid foundation of historical financial data.