Why Computerized Financial Reporting and Consolidation Systems?

Article Abstract:

All companies, regardless of size, can benefit from a computerized financial reporting and consolidation system. The advantages of using a computer include increased productivity, more effective data management and improved internal discipline. Corporate planning models and data-base management systems (DBMS) are both available for financial reporting. A chart summarizes the needs of managers at corporate, divisional and subsidiary levels for DBMS. A multinational company is used as an example of application of this approach to financial reporting. A macro flow scheme reveals the financial reports needed by the multinational company. Diagrams show two methods of data entry - centralized and decentralized. Photographs of the authors are included.

Computers, Digital computers, DBMS software, Business planning, DBMS, Modeling, Data modeling software, Systems, Financial Report, Multinational Corporation

---

Financial Forecast: Why & How?

Article Abstract:

Forecasting is reviewed with emphasis on specific techniques, conditions for their use, and suggestions for solving problems with forecasts. Financial forecasts are needed for making decisions regarding capital investments, divestments, working capital, taxes, financing flexibility, and overhead expenses. Forecasting techniques are divided into three areas: qualitative, time series, and causal. Each area is outlined with common techniques and conditions for use. Selecting a forecasting technique requires consideration of the following characteristics: time horizon, type of model, cost, ease of application, and accuracy. Case studies illustrate various forecasting techniques. Suggestions for solving problems and improving forecasts are listed.

Evaluation, Business forecasting

---

When Are Financial and Operational Plans Finished?

Article Abstract:

Financial and operational plans are only finished when the goals have been achieved. Management must accept planning as a part of their job. Steps that are often overlooked at the end of a planning cycle are outlined. Key assumptions and business strategies must be understood.

Standards, Planning, Personal finance, Management, Production control

Similar abstracts:

• Abstracts: The effects of financial reporting costs on the use of employee stock options. Articulation problems between the balance sheet and the funds statement
• Abstracts: User satisfaction with computer-mediated communication systems. Human Diagnostic Reasoning by Computer: An Illustration from Financial Analysis
• Abstracts: 'Watchdog' Computers and Phones. Add-Ons for Car Phones. Mailing by Computers
• Abstracts: Computers: Upkeep Reminder. Used Computers Find Homes

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.