Course: Financial Analysis for Business Performance: Reporting and Stakeholder Management

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 …

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 …

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 …

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 …

One of the key findings of Deloitte’s 2019 annual global cost management survey was that if companies want effective cost management, they need to have in place: proper cost approaches …

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 …

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 …

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. …

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 …

What is data visualisation? In the simplest form, data visualisation is the graphical presentation of data and insights. At its best, data visualisation is an art—but, as Edward Tufte emphasises …

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 …

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 …

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 …

In Activity 1, we learned why performance monitoring and reporting are important and how we can approach them. We also established that different business stakeholders have tailored requirements for business …

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 …