what others have said about the benefits of this Reporting Service
Following are examples of possible one-page management reports. They are
included to indicate the range and flexibility required for internal management
reports, and stimulate ideas on what is appropriate for what type of business
information provided to GLW Analysis Pty Ltd regarding their business
and reports, is regarded as strictly confidential, and details will not
be divulged or shared with any other person or organization without the
express permission of the Client (unless required by law or if the information
has already entered the public domain).
examples on this site the approach recommended by Kaplan & Norton is
used, considering the data in four categories: Customers, Internal Business,
Innovation & Learning, Financial.
In one example (DOCTOR) an alternative
basis of operations data is taken: data on each major group of personnel
with which the SME has regular dealings, plus research and development.
This approach may be easier for some SMEs.
operating and financial plan showing what resources an organization
has decided to use, where it plans to get them, where and how it plans
to use them, and what it expects to accomplish during this specific
period. Typically, it is the first year of the long-range plan. (Shillinglaw:
"Managerial Cost Accounting" 1982 p5.)
The emphasis picked up in the MAF reports is on expectation and plan:
the budget is not seen as a target, or a pressure device. It is also
assumed that the budget/plan was approved, and the data can therefore
be used for control comparisons, and approval was at or prior to the
beginning of a year. Comments in MAF reports are usually on differences
between actual and budget data for the current month, rather than
actual and budget data for the year to date.
Generally a budget is spread over 12 monthly periods; users may at
their will spread a budget over 13 x 4-weekly periods, or 24 periods
(either months or half-months).
prediction of values of a variable, based on known past values of
that variable or other related variables, or on expert judgements
based in turn on historical data and experience. (Makridakis, Wheelwright,
McGee: "Forecasting: Methods and Applications" 1983 p899)
MAF reports typically update forecasts every month, or other time
period as appropriate, based on all the latest available actual data.
(In contrast, the budget remains fixed for the accounting year.)
goal for an organization, often to drive and inspire change in the
organization. It requires total commitment to be achieved. (Kaplan
& Norton "The Strategy Focussed Organization" p335)
MAF reports typically break an annual target into 12 monthly periods.