Creating a model

Typically, you create models at the organizational level at which balance sheets are maintained (For example, a hospital, physician group, health plan, and so on).

Models do not correspond to a single object or file in Axiom Financial Planning, but rather are groupings of nodes (plan files) that share a balance sheet.

You can create models for the current or future financial years.

To create a model:

  1. In the Fin Plan Admin or Fin Plan task pane, in the Financial Planning Commands section, click Create New Model.

  2. In the Create a New Model dialog, do the following:

    Option Description
    Model name Type a name for the model.
    Description Type a description of the model.
    Active

    To include the model in group reports, do one of the following:

    • To include the model, select Yes.
    • To not include the model, select No.
    Status

    Select the status of the model. You can change this status later using the Control Panel to Manage Nodes feature. See Modifying node settings.
    ReportGrp (optional) Select the report group to assign the model to.
    ModelGrp (optional) Select the model group to assign the model to.
    BaseYear Select the current operating year to associate to the model.
    ProjYear Select the number of years to calculate for projections.
    Global Set

    Select the default set of assumptions (For example, inflation rates, volume changes) used by nodes assigned to this model.

    NOTE: You can override this setting for individual models using Control Panel to Manage Nodes in the Financial Planning Commands section of the Fin Plan Admin task pane. See Modifying node settings.
  3. Click Submit.