Noel Tagoe, PhD, FCMA,CGMA Executive Director, Education - CIMA

58 Pages·2016·1.92 MB·English

by  Alasdair Macnab

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…
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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?
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Dashboards enable the four sights
OVERSIGHT
Hindsight Insight Foresight
Past Present Future
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Dashboards start with organisations …
Who exist to create, capture and deliver value
for its salient stakeholders
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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
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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
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Finance professionals balance …
Physical Flows Financial Flows
Events Value
Recognition Measurement
Story
Information Flows
Disclosure
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GMAPs provides basis for dashboards
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Communicate insight to influence
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