Data Analysis and Financial Management
Capture measurable, factual data to identify what’s really going on in your business. You’ll identify your true bottom line and gain financial perspective to manage your business more effectively.To keep an individual, your staff or company on a continued path toward growth, it is critical to capture measurable factual data that identifies both positive and negative results produced. Unfortunately, most individuals and companies make the mistake of only considering financial accounting reports when exercising this action. To identify “true bottom line” results one must consider: departmental reports, financial accounting reports and financial management reports.
“It is critical to capture measurable factual data that identifies both positive and negative results.” GYPA will help you to identify your “true bottom line” through both financial perspective and effective financial management.
Using Financial Management Reports to Manage
Financial management reports are custom-designed financial reports that match a specific functional organization and the management (past/present/future) thereof. These reports are analyzed to determine the effectiveness of all business and business management actions taken. The newly identified data is then used to create new management action plans. Increased management accuracy and effectiveness will produce increased positive accounting numbers.
Financial Management Reports
Financial management reports should not be confused with accounting reports.
a) Financial Accounting Reports: factual data relating to numbers.
b) Financial Management Reports: factual data relating to business and business management actions (people & things).