Gain the expertise to distinguish between the reporting of data and the analysis essential for developing impactful business strategies.
In today's business environment, there is a tremendous emphasis on understanding which metrics will help drive business performance. This is all derived from business data. The key for us in our role as advisors is to identify which data will be useful to us. Attending this presentation will give you the understanding to differentiate between simply reporting data versus analyzing data to help develop strategies critical to your organization's success. We will define what is data, what the distinct types of data analysis and when each is valued as well and the benefits. An attendee will also be informed on the differences between true analysis and simply reporting data. Attendees will know what data reporting is as we walk through some examples of reports you can use in your business to help with your initiatives. This is imperative for all businesses as they look to grow shareholder value. The reporting and the analysis are key to growing shareholder value. As we discuss the relevance of the volumes of streams of data, you will understand how key metrics are developed which leads to improving operations. We will examine a variety of key ratios and how to analyze them for business improvement in several areas. On completion of the presentation, we feel one should be confident in their action plans and practice habits to identify the right data to help an organization have sustained success.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Best in Class
Why Data Analysis Important
Vital Business Objectives
What Is Data?
Benefits of Data Analysis
Types of Data Analysis
Differences Between Analysis and Reporting
What Is Data Reporting
Why Is Data Reporting Important
Types of Data Reports
How to Write a Data Report
Benefits of Bi Data Reporting
Liquidity Ratios
Profitability Ratios
Leverage Ratios
Efficiency Ratios
Productivity Ratios
Strategic Profit Model
Break-Even
Industry Data
Case Study
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 12, 2023.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Theran J. Welsh, CPA
Playmaker, LLC
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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