This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

People

How to turn data into decisions - FM Logo cgma

  John Sturtevant |   Free |   Jan 2019 |   FM magazine

Finance professionals are skilled at assessing, evaluating, and measuring. But it’s often the things we can’t quantify that determine our success in helping people make decisions and take action.

Topics covered:
  • Management accounting: People: Communication, Advanced

1 Comments/Reflections

Michael Morris

Michael Morris May 2020

It is clear that you need to have a consistent writing style to ensure that every time you write to your stakeholders they are able to understand the salient points you are trying to get across to them. 

It needs to be clear what decisions the data and conclusion support to aid the decision makers to take the required action that are needed. It must be clear from the outset what you are trying to put across how you have reached the conclusions and what assumptions you have made. It needs then to be summarised at the end of how the data and conclusion are related and what the recommended action is to the reader.

I will take this style to improve the structure and style of how I write business cases for my business partners so that they fully understand the benefits and risks of the proposal. It also needs to be salient that it meets the strategic objectives of the board to give the proposal the go ahead.