Financial Data Node Tree Hierarchy for Readable 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 to present financial data, then the data structure remains standardized and manageable, but the readability and understanding for non-accountants deteriorates
Solution Approach 1:
The patent segments financial data into hierarchical nodes that can be independently organized and displayed. Each node represents a manageable unit of financial information that can be grouped, expanded, or collapsed, allowing non-accountants to understand data at their preferred level of detail without overwhelming complexity.
Solution Approach 2:
The patent implements dynamic reorganization of financial data nodes based on user preferences and interactions. The node tree structure can be dynamically reconfigured through user inputs, allowing the same underlying data to be presented in multiple formats that adapt to different user needs while maintaining data integrity.
2Adaptability or versatility
If financial data is organized in a fixed chart of accounts format, then the accounting system remains simple and standardized, but the adaptability to user preferences and custom presentations deteriorates
Solution Approach 1:
The system dynamically reorganizes the node tree hierarchy in response to user inputs, allowing flexible customization of financial data presentations. The underlying accounting system structure remains stable, while the visual presentation adapts to user preferences through node reorganization, expansion, and collapse operations.
Solution Approach 2:
The patent adds a dimensional layer of user-defined organization to the traditional chart of accounts. By introducing node attributes and hierarchical relationships that can be independently configured, the system allows financial data to be viewed from multiple organizational dimensions simultaneously without changing the core accounting structure.
3Ease of operation
If standard accounting presentations are used, then the system maintains consistency and reliability, but the ease of understanding for non-accountants deteriorates
Solution Approach 1:
By segmenting financial data into discrete, hierarchically organized nodes, the patent allows non-accountants to understand data at their preferred level of detail. Each node maintains its data integrity and relationships, ensuring consistency while improving comprehensibility through appropriate granularity and grouping.
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.