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Preparing data visualisations with Excel

You have just learned the steps to create a visualisation. This article explains the steps to prepare data visualisations for yourself and so develop the practical skills needed to visualise …

Objectives and assumptions in cost-volume-profit analysis

Let’s try to understand the core objectives of cost-volume-profit (CVP) or break-even (BE) analysis followed by some assumptions underlying these objectives. Cost-volume-profit or break-even analysis objectives To forecast profits: helps …

Break-even analysis

Break-even analysis, also called cost-volume-profit analysis, studies the relationships between selling price, sales and production volumes, costs, expenses, and profits. It is used to examine the effects of changes in …

Costing approaches for business scenarios

What are costs? Costs are simply resources or money associated with transactions in business. Businesses without a proper cost approach often get out of control. Once you have the data …

Benefits of cost and management accounting systems

A sound accounting information system can markedly benefit your business and its performance. Information systems: are cost effective, scalable, and can perform multiple tasks simultaneously can be accessed from anywhere …

Driving decision making

According to Tableau, data-driven decision-making(DDDM) is using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives and initiatives. A culture that encourages critical thinking …

How is a data story created on Tableau?

Stories in Tableau are a sequence of visualisations that work together to convey information. A story is a sheet, so methods you use to create a name and manage worksheets …

What is the financial analysis process?

You can use different methods to analyse financial statements. Such methods include ratio analysis, common-size statements, and regression analysis, among others. The financial analysis process can take different forms, but …

Overview of data visualisation with Tableau

Tableau is one of many cloud-based software programs which supports transforming data into actionable insights. It helps employees see and understand their data and connect it to almost any database. …

Data visualisation process

Creating a data visualisation comprises six steps. (Click to enlarge this image) Step 1: Understand the business issue Prior to beginning a data project, you need to understand the overall …

Reporting packs

Organisations prepare a financial reporting pack to present their financial performance and position. Small-scale organisations would prepare a basic set of financial statements (eg income statement and balance sheet), while …