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How can management of the company benefit from monthly reporting?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/15
Manal Abdel Fattah
by Manal Abdel Fattah , Group CFO , El Sewedy Industries

Being aware of the company's real financial position and make it easier to identify any failure caused by any department and enable them to act promptly to solve any issued problems

Also, helps in assessing the company's performance towards it's annual SMART Goals and being flexible to nevigate between their strategies

 

Lesley Anne Tampoc
by Lesley Anne Tampoc , Teaching and Learning Assistant , Brighton College Al Ain

MONTHLY REPORTING BENEFITS THE WHOLE COMPANY,MONETARY WISE AND MANAGEMENT WISE. THIS IS ALSO THE TIME TO PLAN AND STRATEGIZE WHAT WILL BE THE BEST OPTIONS TO TAKE FOR THE COMPANY,THIS IS ALSO THE TIME TO DO BRAINSTORMING AND TO PROVIDE SOLUTIONS TO ANY PROBLEMS OR ANY ARISING PROBLEMS THAT WILL ENDANGER THE COMPANY'S STABILITY

md.rashed iqbal mollick
by md.rashed iqbal mollick , Reseach Assistant , Emerging credit rating limited

Establish version and representation of the truth across the enterprise, create consistent standards for report styles, content, quality timing and frequency, and design reports to focus on problem solving and decision making.
Bottom-Line Benefits Meet business User Needs Ensure business user needs are met by design of management reports by providing support for the requirements of business users of the project solution.
Provide easy to Use Reporting Capabilities Provide reporting capabilities that are simple to use, easy to learn and contain standard tool for performing in – depth ad hoc analysis.
Distinguish between Accountability and Insight Reporting Accountability reporting is primary intended to help management better measure performance against target, whereas, insight reporting is focused on providing information to help management better understand the business and react tactically and strategically.

محمد صالح بن جحلان
by محمد صالح بن جحلان , إدارة العلاقات الحكومية والميناء , مؤسسة إنجاز الفنار للمقاولات والتشغيل والصيانة

عن طريق اءنشاء مكتب متابعة التقارير الشهرية ودراستها بمايرجع الأفائدة للشركه وتصحيح مسار المندوبين او المسوقين لتلافي ضياع الوقت والجهد المال واستمرارية المتابعه لمصلحة الشركة.

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