安永-财务管理最佳实践-管理报告

Activities
MR1.2 Variance analysis
➢ Issue report ➢ Perform variance analysis
MR1.3 Financial analysis
➢ Perform detailed analysis ➢ Add commentary ➢ Use financial information
Feb 2004
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安永-财务管理最佳实践-管理报告
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Finance Function Excellence
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Finance Function Excellence
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Management Reporting - Trends
From
➢ Historic looking thick management accounting pack
➢ Detailed analysis by business specialists
wenku.baidu.com
➢ Integrated systems that extend across all business units
➢ Common chart of accounts
➢ Common financial language
MR1.11 Import data
➢ Import data into management reporting system
MR1.12 Run report ➢ Run initial management report
Sub Processes / Notes
MR1.13 Initial review ➢ Perform initial analysis of report content ➢ Identify adjustments
Run report MR 1.12
•Management reporting system •Management reporting staff
Perform initial review
MR 1.13
Process adjustments
MR 1.14
Add commentary MR 1.15
Process Features
➢ Reports centred on key performance indicators
➢ Initial variance analysis and commentary
➢ Financial information which the business has requested
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Finance Function Excellence
Management Reporting - Level 2 - MR1.1 Report Preparation
AP/AR/Bank data
Upload data MR 1.11
•Sales ledger •Purchase ledger
Use financial information
AR 1.32
MR1.31 Perform detailed analysis ➢ xxx
Sub Processes / Notes
MR1.32 Add commentary ➢ xxxx
MR1.33 Use Financial information ➢ xxxx
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Management reporting - Level 2 - MR1.3 Financial Analysis
Finance Function Excellence
Perform detailed analysis MR 1.31
Finance staff
Add commentary MR 1.32
Finance Function Excellence
Report List of stakeholders
Issue report MR 1.21
•Management reporting system •Management reporting staff
Report
Variance analysis
Financial analysis
MR 1.3
Finalised management report
AR Staff AR System
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MR 1.1 Report preparation
➢ Import data ➢ Run report ➢ Initial review ➢ Process adjustments ➢ Add commentary
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Management Reporting - Level 1
Finance Function Excellence
Books closed and consolidated
•Validation control on upload •Standard reports
Report Preparation
Resources
(i.e. ➢ People ➢ Functions ➢ IT systems ➢ Machines)
Finance Function Excellence
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Management Reporting Process - Stakeholders
Finance Function Excellence
➢ Consolidation system
System Features
➢ Standard reports ➢ Flexible systems
➢ Web based reports ➢ Drill down functionality on reports
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Finance Function Excellence
➢ Separate reporting systems ➢ Use of spreadsheets ➢ Manual reconciliations ➢ Finance measures
Finance Function Excellence
To
➢ One page scorecards ➢ Integrated systems and shared data ➢ Data warehouses ➢ Automated reconciliations ➢ Operational and finance measures
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Process Mapping – Guidance Notes
Finance Function Excellence
Overview
This is used to provide a graphical representation at various levels of detail of the key processes and activities being reviewed. Processes are generally divided into four components: process, sub-process, activity and step. Process flow charts can be drawn to any of these levels to document current ‘as is’ processes and to represent future ‘to be’ processes.
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Management Reporting – Process Summary
Finance Function Excellence
Reports preparation
Variance Analysis
Finance Analysis
➢ Standardised and documented close process ➢ Soft close
MR1.14 Process adjustments ➢ Prepare adjustments ➢ Process adjustments
MR1.15 Add commentary ➢ Add commentary to report
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Management Reporting - Level 2 - MR1.2 Variance Analysis
The objectives of process mapping are to:
• Understand and make visible what happens now - what activities take place and how they are linked together • Provide a common language for understanding the processes in question • Assess the flow of activity independently of organisation and internal politics • Highlight cost and performance issues in generating the output • Provide the base data for redesigning processes • Act as a common tool for both understanding the current state and the 'to-be'.
Billing Systems
Finance
Raw data analysis
AP Payments data
Management Reporting
AR
Reports
Manual Invoices
Auditors
Business Board
GL Postings
General Ledger
Bank
Detailed guidance on constructing a process map is included in the appendix to this document.
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Management Reporting - Process Key
The diagram below provides a key to the process diagrams contained in this document.
MR 1.1
Report
•Management reporting system •Management reporting staff
System controls
Analytical review
Variance analysis
MR 1.2
Report
•Management reporting system •Management reporting staff •E-mails
Management Reporting – KPI’s, Benchmarks & Critical Success
Factors
Critical Success Factors
Key Performance Indicators
A summary of the key business requirements, which must be met to achieve the objectives.
Perform analysis MR 1.22
•Business •Finance •Management reporting staff
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MR1.21 ➢ Issue report to key stakeholders
Sub Processes / Notes
MR1.22 Perform analysis ➢ Review report ➢ Identify errors
Input
(i.e. ➢ Information ➢ Material)
Controls (i.e. ➢ Procedures ➢ Standards ➢ Requirements for rework)
Process / activity
Output
(i.e. ➢ Information ➢ Material)