Communicating Finance With Influence
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  Running Time: 8:56 Date: 01/07/2012 Financial information is crucial to decision-making - it should be simpler, more frequent and backed up by analysis Finance is the life-blood of any business, and so good financial reporting is essential if the right decisions are going to be made by the board, the management and investors. But, says Malcolm Simister, principal of finance consultancy and training company Finacc, to be effective it needs to be delivered "with influence". That means the figures, which show what's happening,need to be backed up with analysis which explains why it's happening. The figures should be clear and easy to read, and delivered in a timely fashion, before they're out of date. Malcolm says that applies both to performance reporting for management and statutory reporting to shareholders. Annual reports, he believes, are of questionable value to investors, and even six months is too long an interval. Topics: Accounting & Tax, Financial Management, Investment |
 Malcolm Simister, Finacc |