Business Reporting Definitions and Concepts Report Information Decision Report? Any communication artifact prepared to convey specific information A report can fulfill many functions To ensure proper departmental functioning To provide information To provide the results of an analysis To persuade others to act To create an organizational memory Copynight@ 2014 Pearson Education, Inc Slide 3-6
Copyright © 2014 Pearson Education, Inc. Slide 3- 6 Business Reporting Definitions and Concepts ▪ Report = Information → Decision ▪ Report? ▪ Any communication artifact prepared to convey specific information ▪ A report can fulfill many functions ▪ To ensure proper departmental functioning ▪ To provide information ▪ To provide the results of an analysis ▪ To persuade others to act ▪ To create an organizational memory…
What is a Business Report? a written document that contains information regarding business matters Purpose: to improve managerial decisions Source: data from inside and outside the organization(via the use of ETL Format: text tables graphs/charts Distribution: in-print, email, portal/intranet Data acquisition→ Information generation→ Decision making Process management Copynight@ 2014 Pearson Education, Inc Slide 3-7
Copyright © 2014 Pearson Education, Inc. Slide 3- 7 What is a Business Report? ▪ A written document that contains information regarding business matters. ▪ Purpose: to improve managerial decisions ▪ Source: data from inside and outside the organization (via the use of ETL) ▪ Format: text + tables + graphs/charts ▪ Distribution: in-print, email, portal/intranet Data acquisition → Information generation → Decision making → Process management
Business Reporting Business functions 2 UOB 1.0 UOB 2.1 UOB 3.0 Data I 2 UOB 2.2 Exception Event I Symbol countDescription Action Machine Failure decision Repositories Information Decision (reporting) Maker Copynight@ 2014 Pearson Education, Inc Slide 3-8
Copyright © 2014 Pearson Education, Inc. Slide 3- 8 Business Reporting Data Repositories Business Functions UOB 1.0 X UOB 2.2 UOB 2.1 X UOB 3.0 1 Machine Failure Symbol Count Description Exception Event Transactional Records PHASE 5 DEPT 4 DEPT 3 DEPT 2 DEPT 1 PHASE 1 PHASE 2 PHASE 3 PHASE 4 DEPLOYMENT CHART 1 2 3 4 5 Information (reporting) Decision Maker Action (decision) Data
Key to Any Successful Report Clarity Brevity Completeness Correctness Report types(in terms of content and format) Informal - a single letter or a memo Formal -10-100 pages; cover summary text Short report -periodic, informative, investigative Copynight@ 2014 Pearson Education, Inc Slide 3-9
Copyright © 2014 Pearson Education, Inc. Slide 3- 9 Key to Any Successful Report ▪ Clarity … ▪ Brevity … ▪ Completeness … ▪ Correctness … ▪ Report types (in terms of content and format) ▪ Informal – a single letter or a memo ▪ Formal – 10-100 pages; cover + summary + text ▪ Short report – periodic, informative, investigative
Application Case 3.1 Delta Lloyd Group Ensures Accuracy and Efficiency in Financial Reporting Questions for Discussion 1. How did Delta Lloyd Group improve accuracy and efficiency in financial reporting? 2. What were the challenges, the proposed solution, and the obtained results? 3. Why is it important for Delta Lloyd Group to comply with industry regulations? Copynight@ 2014 Pearson Education, Inc Slide 3-10
Copyright © 2014 Pearson Education, Inc. Slide 3- 10 Application Case 3.1 Delta Lloyd Group Ensures Accuracy and Efficiency in Financial Reporting Questions for Discussion 1. How did Delta Lloyd Group improve accuracy and efficiency in financial reporting? 2. What were the challenges, the proposed solution, and the obtained results? 3. Why is it important for Delta Lloyd Group to comply with industry regulations?