Noel Tagoe, PhD, FCMA,CGMA Executive Director, Education - CIMA PDF
Preview Noel Tagoe, PhD, FCMA,CGMA Executive Director, Education - CIMA
Let your dashboards guide you. The role of the Global Management Accounting Principles Noel Tagoe, PhD, FCMA,CGMA Executive Director, Education - CIMA Some familiar dashboards… © CIMA Title of 10 March 2016 2 presentation here Dashboards… • Integral part of performance management • Communication tool • Mostly real time (but can also be past and predictive) • Aims to influence decisions and actions • Backed by analysis What principles should guide dashboard design? © CIMA Title of 10 March 2016 3 presentation here Dashboards enable the four sights OVERSIGHT Hindsight Insight Foresight Past Present Future 10 March 2016 4 Dashboards start with organisations … Who exist to create, capture and deliver value for its salient stakeholders © CIMA Title of 10 March 2016 5 presentation here These organisations … • Operate in volatile, uncertain, complex and ambiguous environments driven by: • globalisation • technology changes (especially digitisation) • urbanisation • demographic changes Need competent and confident finance professionals to help them succeed © CIMA Title of 10 March 2016 6 presentation here Finance professionals … Tell stories about organisations. Stories about what is happening in them. Around them. And to them. Stories to persuade others to join them to create and share value 7 © CIMA Title of 10 March 2016 presentation here Finance professionals balance … Physical Flows Financial Flows Events Value Recognition Measurement Story Information Flows Disclosure © CIMA Title of 10 March 2016 8 presentation here GMAPs provides basis for dashboards © CIMA Title of 10 March 2016 9 presentation here Communicate insight to influence © CIMA Title of 10 March 2016 10 presentation here
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