Dow Jones & Company

Key Business Implementation

Spend any time on (about) doing someone else’s work. If (historical) data from the accounting required, the accounting system to deliver. Please process analysis and corrective actions based on the data, not the data itself. However, check whether the data recording are not contradictory.
Report not only in the form of? Dry? text, but make your reports understandable by tables with comparative figures and graphical presentations to be included. Pie and bar charts are excellent.
Do not waste time with an extensive inventory of what a management reporting should be. Start with a limited amount of data and fill it slowly in response to criticism and requests you receive.
you can not expect everyone he terms as amortization, reserves, provisions, liquidity and solvency means the same as yours Do not expect that everyone knows exactly what your function. Develop a common conceptual framework with the people you need to provide information. They must be your permanent rapporteurs, feel free to organize a training and / or create a glossary of financial and economic concepts. Make clear what’s so important about the information they provide and why you need information.