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Preparing data visualisations with Excel

You have just learned the steps to create a visualisation. This article explains the steps to prepare data visualisations for yourself and so develop the practical skills needed to visualise …

Objectives and assumptions in cost-volume-profit analysis

Let’s try to understand the core objectives of cost-volume-profit (CVP) or break-even (BE) analysis followed by some assumptions underlying these objectives. Cost-volume-profit or break-even analysis objectives To forecast profits: helps …

Introduction to costing approaches

Costs are simply resources or money associated with transactions in business. Businesses without proper cost approaches often get out of control. Once you have the data that informs the costs …

Break-even analysis

Break-even analysis, also called cost-volume-profit analysis, studies the relationships between selling price, sales and production volumes, costs, expenses, and profits. It is used to examine the effects of changes in …

Benefits of cost and management accounting systems

A sound accounting information system can markedly benefit your business and its performance. Information systems: are cost effective, scalable, and can perform multiple tasks simultaneously can be accessed from anywhere …

Financial analysis process

You can use different methods to analyse financial statements. Such methods include ratio analysis, common-size statements, and regression analysis, among others. The financial analysis process can take different forms, but …

Preparing data stories on Tableau

Stories in Tableau are a sequence of visualisations that work together to convey information. A story is a sheet, so methods you use to create a name and manage worksheets …

Driving decision making

According to Tableau, data-driven decision-making(DDDM) is using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives and initiatives. A culture that encourages critical thinking …

Data visualisation process

Creating a data visualisation comprises six steps. (Click to enlarge this image) Step 1: Understand the business issue Prior to beginning a data project, you need to understand the overall …

Overview of data visualisation with Tableau

Tableau is one of many cloud-based software programs which supports transforming data into actionable insights. It helps employees see and understand their data and connect it to almost any database. …

Reporting packs

Organisations prepare a financial reporting pack to present their financial performance and position. Small-scale organisations would prepare a basic set of financial statements (eg income statement and balance sheet), while …

Communication approaches for reporting

Once you identify your target audience, you need to construct a strategic communication plan that targets your audience in order to achieve the intended objectives. While financial communication requirements could …
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