#FinanceMaster on LinkedIn: Mega KPI Bundle | 10 comments (2024)

What's the fastest way for finance professionals to become more impactful?Say it with visuals and here's why...Most people outside Finance don't think in numbers. They think in visuals.Most finance professionals know this, however, it doesn't translate into their management reports.They're still cluttered with numbers.Even if they use visuals they're then cluttered with visuals.It just doesn't facilitate a good discussion.Try this structure instead:1️⃣ Start with the WHAT i.e., your answer2️⃣ Explain the WHY i.e., the reasoning for your answer3️⃣ Move on to the HOW i.e., the next steps4️⃣ Have only ONE key message per slide5️⃣ Use only ONE visual per slideAnd please choose the right visuals!Here are ten useful ways to visualize your data compliments of Sisense.Comment below "please review my management reporting" to get a free review and feedback for improvement (or send me a message).What does your management report look like?----------Learn more about the latest trends in finance and accounting by listening to the FinanceMasterPodcast here:https://bit.ly/3NLSt73Or download guides and cheat sheets about finance and accountinghere:https://lnkd.in/eC_zuCU4

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📊 Want to elevate your #data_visualization_game? Check out these 10 useful ways to visualize your data! Whether you’re a data enthusiast or a #business_professional, these techniques will help you present your insights effectively.#DataVisualization #DataAnalytics #BusinessInsights #VisualizeData #DataScience #TechTips 🚀Abdul Khaliq shared the below post about that very useful topic

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The difference between Finance and Accounting in one picture...In Finance, anything can be adjusted to be made look good.In Accounting, standards have to be followed and there's an emphasis on accuracy.As ugly as the truth might be there's no running from it at the end of the day.This is why finance and accounting need to work closely together.Finance needs an accurate and updated view of company performance to devise plans to improve (not just to adjust).Accounting needs a solid understanding of what's happening in the business to produce high-quality numbers.When they work as one team, value creation across the company will be boosted.How are Finance and Accounting working together in your company?----------Learn more about the latest trends in finance and accounting by listening to the#FinanceMasterPodcast here:https://bit.ly/3NLSt73Or download guides and cheat sheets about finance and accountinghere:https://lnkd.in/eC_zuCU4

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The finance function as a business partner.

What's the purpose of Finance?To create value.It's that simple.What is value creation then?We defined that in chapter 3 of our book "Create Value as a Finance Business Partner".In simple terms, value creation for most companies is: Net Present Value of Cash Flow to Shareholders.This can be broken down into ten main value drivers:1. Growth2. Margins3. Tax4. Working capital5. Fixed assets6. Net interest rate7. Net interest bearing debt8. Operating risk9. Liquidity risk10. Financial riskEach of these drivers can be broken further down into details.The task of finance professionals is to work actively every day to improve one or more of these value drivers.You can learn how to do it in the book.Get it here: http://tiny.cc/ay3gvzWhat value drivers are you working on specifically to create value?----------🧑💼 I'm a partner at Business Partnering Institute🆘 Need immediate help in your finance team, call us!🤝 We help increase the influence of your finance team🔔 To see more content ring the bell on my profile📻 Find our #FinanceMaster podcast on your channel📄 Check out all our templates and cheat sheets here: https://lnkd.in/eC_zuCU4

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How to read and analyze financial statements (by Bojan Radojicic). MEGA CHEAT SHEET about 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀. 𝗪𝗵𝘆 𝘁𝗵𝗶𝘀 𝗶𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁:• Assessing the company's past performance • Predicting future performance • Insight into a company's ability to meet short-term obligations • Sustain operations over the long term. • Understand how efficiently a company is using its resources • Whether a company’s stock represents a good investment in risk and return. • Identifying the risks associated with investing • Ensure compliance with regulatory requirements• Basis for comparing with industry standards or competitors----------Enroll in our LinkedIn Learning course "Driving business impact for finance professionals" here:https://bit.ly/4a5fB9lLearn more about the latest trends in finance and accounting by listening to the FinanceMasterPodcast here:https://bit.ly/3NLSt73Or download guides and cheat sheets about finance and accountinghere:https://lnkd.in/eC_zuCU4

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Finance pros you’re speaking gibberish!At least that’s what business leaders think. Shall we change that?A good place to start is beefing up our visuals. Why?Because many business people are visual people and not numbers people.Here’s the catch though. Most still only have Excel to create visuals 😱.I see many management reports and continue to be surprised by how often they contain Excel charts.The least we can do is then to make better charts and visualizations in Excel.Here’s a great guide to help you get better…What tools are you using to create graphs, charts, and visualizations?----------Learn more about the latest trends in finance and accounting by listening to the FinanceMasterPodcast here:https://bit.ly/3NLSt73Or download guides and cheat sheets about finance and accountinghere:https://lnkd.in/eC_zuCU4

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Can Finance solve business problems? Yes, by using this process...In Finance we get stuck analyzing the numbers.We fail to attach real business activities to the analysis.As a result, our analysis is shallow and without real insights.We need a different approach to break down complex issues.We shouldn't start by analyzing the numbers.We should start by understanding the business problem.We do that by breaking it down into its distinct parts.A great approach to use is "Root-cause analysis".Here you can apply the fishbone diagram analysis.Break the business problem into six specific areas.For each, identify the subcauses underlying the problem.Now it's time to start analyzing the numbers. Makes sense?Business problem -> Break it down -> Analyze the numbersSeek first to understand then to analyze the numbers!PS. What approach do you use to break down complex business issues?----------🧑💼 I'm a partner at Business Partnering Institute🆘 Need immediate help in your finance team, call us!🤝 We increase the influence of your finance team🔔 To see more content, hit the bell on my profile📻 Find our #FinanceMaster podcast on your channel📄 Check out all our templates and cheat sheets here: https://lnkd.in/eC_zuCU4

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Is this the five F's - Friendly Fisherman Finds Finance Faults!? 🐠 Whether you think your business problem is a whale-shark or more of small piranha it will be taking a bite out of your team's performance and ultimately profitability, while lurking below the surface of day-to-day operations. Here's a timely reminder from Anders Liu-Lindberg of a method to continuously improve. Dive below for the detail.However, how many of you are thinking I don't have time or the resources for this fishing expedition, where I may set my net and catch nothing? At Aveiroe Europe LLP we can test the waters by casting with expertise that doesn't create ripples and will always land something. Best of all you may learn how to fish for bigger and better catches! 🐟 🐡 🦈 ........................... I'll stop now with the puns before this turns into a saga! ☠ #Finance #continuousimprovement #audit

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Most finance professionals analyze stuff to death and fail to have an impact.Great financial analysts recognize that it's about more than data and analysis though...They focus on three things:1️⃣ Analytics2️⃣ Presentation3️⃣ Soft skillsSeems obvious right?Maybe it is but most finance professionals struggle with how to do it.They spend way too long analyzing the data.Their presentations are generally speaking a big mess.And they're oblivious to how to communicate their messages and influence decisions.CFI has put together a great extensive guide on how to become a great financial analyst......and we believe there's immense value for all finance professionals to dig into this content.What do you find is the best way to create impact with your analysis?----------Learn more about the latest trends in finance and accounting by listening to the FinanceMasterPodcast here:https://bit.ly/3NLSt73Or download guides and cheat sheets about finance and accountinghere:https://lnkd.in/eC_zuCU4

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