[Finance] Thoughts and suggestions related to our last meeting

E.F. Morrill gendy at panix.com
Tue Nov 21 20:54:55 CST 2017


cAN WE  get a copy of the entire excel sheet?
Thanks


ED



> I've added a tab to the existing budget report with some of the examples I
> came up with for a more summarized "executive" view
>
> On Mon, Nov 6, 2017 at 6:30 PM, Mike Johnson <mdjohnson2112 at gmail.com>
> wrote:
>
>> I'll get some examples sent out I promise!  Been swamped the past few
>> weeks.
>>
>> On Mon, Oct 30, 2017 at 8:03 PM, Mazelle Attiya <treasurer at sca.org>
>> wrote:
>>
>>> Yes please send some examples. I am definitely open to suggestions.
>>>
>>>
>>>
>>> Mazelle Attiya
>>>
>>> Corporate Treasurer
>>> Society For Creative Anachronism, Inc
>>>
>>>
>>>
>>> -----Original Message-----
>>> From: "Mike Johnson" <mdjohnson2112 at gmail.com>
>>> Sent: Sunday, October 29, 2017 5:55pm
>>> To: finance at sca.org
>>> Subject: [Finance] Thoughts and suggestions related to our last meeting
>>>
>>> Hi everyone, after giving it some thought I'd like to suggest some
>>> changes to how financial data is reported to the BOD.  Note that I
>>> think
>>> the reports currently being prepared should still be created.
>>> Based on what I have seen so far it appears that the reports being used
>>> are driven primarily by accounting conventions that can seem arcane or
>>> incomprehensible to nonfinancial people.  They do serve a critical
>>> purpose
>>> in any reporting arrangement by providing the detail necesssary to make
>>> a
>>> deep dive into financial activity.  However I submit that for the BOD
>>> it
>>> would be useful to have a more summarized view as well.
>>> Basically I'm talking about management reporting here.  We've got a
>>> solid
>>> foundation of accounting reports, but for those that do not use the
>>> data
>>> every day it can be difficult to separate out the most important
>>> information when staring at a detailed ledger.  I propose the primary
>>> report the BOD should see is one that summarizes the 3-5 key financial
>>> issues, then the detail would be available in case anyone wanted to see
>>> it.  This should be done both for actual/historical results and for
>>> forward-looking forecasts.
>>> I can send out some examples using some reports from my work, but does
>>> the concept make sense?  And if it does, we need to consider who would
>>> be
>>> responsible for creating these reports (it would definitely require
>>> more
>>> work).
>>> Thanks everyone, looking forward to your feedback!
>>> Mike Johnson
>>>
>>> _______________________________________________
>>> finance mailing list
>>> finance at lists.sca.org
>>> http://lists.sca.org/listinfo/finance
>>>
>>>
>>
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>


-- 
E.F. Morrill-----Icon God of the Theater World
Viscount Edward Zifran of Gendy--Old Knight with a hat.





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