Financial Data Node Tree Hierarchy for Custom Visualization
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Solution Overview
Problem
Conventional financial accounting systems limit users to standard formats for presenting financial data, making it difficult for non-accountants to understand and reformat financial information effectively.
Innovation Solution
A system that organizes financial data into reorganizable nodes with a tree hierarchy, allowing users to customize the presentation based on their preferences by regrouping, annotating, and visualizing financial data interactively.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If conventional accounting formats are used, then financial data can be presented in standard formats familiar to accountants, but non-accountants find it hard to read and confusing
Solution Approach 1:
The patent implements dynamic reformatting capabilities that allow financial data to be transformed from static conventional formats into flexible, user-customizable presentations. Users can dynamically adjust data organization, grouping, and display formats to match their mental models, converting rigid accounting structures into adaptable visual representations that improve readability without losing data integrity.
Solution Approach 2:
The system enables parameter changes in data presentation by allowing users to modify organizational parameters such as grouping criteria, hierarchy levels, and display formats. This transforms the fixed parameters of conventional accounting formats into variable parameters that can be adjusted to suit different user needs and understanding levels, making financial data accessible to non-accountants.
2Reliability
If financial data is organized in a chart of accounts format, then it follows historical financial reporting norms, but it is difficult and awkward to significantly reformat or reorganize the data
Solution Approach 1:
The patent segments financial data into modular units that can be independently reorganized while maintaining their accounting relationships. By dividing the chart of accounts into reusable data elements, the system allows users to extract and reorganize specific portions of financial data without disrupting the overall accounting structure, enabling easy reformating while preserving reliability.
Solution Approach 2:
The system introduces an intermediary layer between the conventional chart of accounts and the final presentation format. This intermediary processing layer allows data to be transformed and reorganized according to user preferences while maintaining the integrity of the original accounting data, thus facilitating easy reformatting without compromising adherence to accounting standards.
3Reliability
If accounting software manages financial data as individual transactions within the COA framework, then data integrity is maintained, but significant reformatting or reorganization becomes difficult and awkward
Solution Approach 1:
The patent implements a universal data structure that serves multiple functions simultaneously. The same data framework supports both the traditional chart of accounts organization and various alternative presentations. This multi-functional design allows the system to maintain data integrity through the original COA framework while enabling versatile reorganization into different formats, groupings, and hierarchical structures for diverse user needs.
Data Source
AI summary
A computer-implemented system and method for managing and visualizing financial transaction data is disclosed. Rows of financial data are managed as data objects with a reorganizable node tree hierarchy. A user interface visualization system supports an interactive user interface with a client device. In some implementations, a user may reorganize the node hierarchy, define dimension, communicate on a node-based basis, and assign directly responsible individuals to nodes.