[Finance] FW: Re: Thoughts and suggestions related to our last meeting

E.F. Morrill gendy at panix.com
Tue Nov 21 21:11:00 CST 2017


Yes.

thank you...




> Ed,
>
>  Are you talking about this one?
>
>  Mazelle
>
>  -----Original Message-----
> From: "Mike Johnson"
> Sent: Tuesday, November 21, 2017 7:50pm
> To: finance at sca.org
> Subject: Re: [Finance] Thoughts and suggestions related to our last
> meeting
>
>
>   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  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  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"
> 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
>
>
>
>
>
>
> _______________________________________________
> finance mailing list
> finance at lists.sca.org
> http://lists.sca.org/listinfo/finance
>


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





More information about the finance mailing list