[Finance] Thoughts and suggestions related to our last meeting
gendy at panix.com
Tue Nov 21 20:54:55 CST 2017
cAN WE get a copy of the entire excel sheet?
> 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>
>> I'll get some examples sent out I promise! Been swamped the past few
>> On Mon, Oct 30, 2017 at 8:03 PM, Mazelle Attiya <treasurer at sca.org>
>>> 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
>>> 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
>>> in any reporting arrangement by providing the detail necesssary to make
>>> deep dive into financial activity. However I submit that for the BOD
>>> would be useful to have a more summarized view as well.
>>> Basically I'm talking about management reporting here. We've got a
>>> foundation of accounting reports, but for those that do not use the
>>> 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
>>> responsible for creating these reports (it would definitely require
>>> Thanks everyone, looking forward to your feedback!
>>> Mike Johnson
>>> finance mailing list
>>> finance at lists.sca.org
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