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You Can't Manage What You Don't Measure

White Paper Published By: Sage
Published:  Oct 29, 2014
Type:  White Paper
Length:  1 pages

Accountants typically spend a great deal of time in the compilation of financial statements for compliance purposes and for measuring the historical performance of a company. However, all of the data in the balance sheet and income statement is generated from historical information in the accounting system.

To be useful in helping to improve the financial performance of a company, the raw financial data needs to be distilled into useful information so that it can be used in making strategic decisions.

Tags : 
financial statements, historical performance, compliance, income statement, accounting system, financial performance