Management Reporting
Identification of management needs
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- Diagnosis of the situation
- Preparatory work
- Forming a team
- Establishing criteria and aspects
- Choosing a reporting standard
- Data collection and aggregation
- Developing the content of the report
- Verification of the report
- Communication
Reporting process
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- Determination of reporting periods and closing time
- Data aggregation
- Reconciliation process of operational and financial data
- If there are discrepancies – the process of determining differences and making adjustments
- Exporting data to reporting tools
- Data analysis and verification
- Preparation of the reporting package (P&L, BS, CF, operational data, statistics)
- Analysis of deviations to comparative data (budget, previous year)
- Preparation of key KPIs
- Preparation of the presentation package
- Presentation and discussion of data