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How can monthly reporting be used to detect potential problems?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/15
Mohsin Adhi
by Mohsin Adhi , Head of Research & Operations , Alfa Adhi Securities (Pvt) Ltd.

It helps evaluate performance on monthly basis and mark grey areas based on past trends so that potential problem can be detected.

Manal Abdel Fattah
by Manal Abdel Fattah , Group CFO , El Sewedy Industries

By comparing the results with its monthly goals and benchmark with the market competition

 

Also, being flexible to shift the company's direction(s) if new circumstances happened and mandating the changes within the year in order to be more alerted and successful

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