Monday, August 13, 2012

A business is always better off when it knows its’ numbers! It is even better off, when it sees this frequently and thereby keep a pulse on the business. It is akin to driving a car and you are constantly scanning the dashboard – speed, gas level, lights etc. and you can get the feedback. In fact, now there is a whole new field called dashboard metrics that interpret data via visuals and graphics in an ever-changing and interactive manner.
Determine what numbers you need to see daily – Sales, AR, collections are some examples. What should it be compared to? – last year same time, cumulative etc. that broadens the understanding and puts the numbers in the right context. What numbers do you need to see monthly? This would be your P&L, Balance Sheet and related AR, AP etc. The layout is over a three or six month period with last year and budget comparisons. In this case it is better to construct a summary set of numbers, showing a high level picture and then have a drill down capability to a more detailed set of numbers ; it makes it easier to consume – zooming in , after taking in the overall picture from a distance, to the close-by detail.
 

Mohamed Noohu

Mohamed Noohu

MSNCFO founder Mohamed Noohu has over 25 years of varied work experience as Controller, CFO, and business owner. His background reflects diverse industries, company sizes and stages of growth, including very large, well-established multi-nationals in the oil services, logistics, transportation and Insurance industries, mid-sized companies in electronics distribution, and several start-up companies.

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MSNCFO Work Experience

MSNCFO provides many opportunities to intermediate accounting students. Throughout my 3.5 years of working with the company, I was able to improve my existing skills,

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