Communicating Financials to Executives

Communicating Financials to Executives

Hansen, Christian Frantz; Liu-Lindberg, Anders

John Wiley & Sons Inc

04/2025

304

Mole

Inglês

9781394292608

Pré-lançamento - envio 15 a 20 dias após a sua edição

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Preface: Our experience with financial communication. 5

Chp. 1 Why Financial Communication to Executives Requires Special Attention. 8

The Pressure is Mounting on Executives. 9

Insight X Influence = Impact 10

The Purpose of Finance. 12

The Value of Finance. 14

The Intrinsic Motivation for Finance Professionals. 15

The Job is on the Line. 17

All We Need is a Framework for Financial Communication. 18

Chp. 2 The Struggles of Finance Professionals to Communicate Financials. 19

The Three Main Challenges. 20

Sharing Too Many Details. 21

Having No Consistent Structure. 23

Making No Apparent Recommendations. 25

Meet Sarah, a Senior Financial Analyst 27

Chp. 3 Five Steps for Communicating Financials to Executives. 28

Take a Customer-Centric Approach. 29

From Data to Insights. 31

Five Steps for Financial Communication to Executives. 33

Info. 34

Insights. 35

Recommendation. 36

Evidence. 37

Action. 39

Sarah Gets to Know Her Customers. 40

Chp. 4 Step 1: Information: What is the Financial Status. 42

Define an Objective and Target Stakeholder. 43

Data Extraction: Access Relevant Data Sources. 46

Data Preparation: Build on a Proper Foundation. 47

Data Analysis: Extracting Relevant Insights. 50

Data Selection: Present Only What Matters. 57

Moving from Information to Insights. 59

Sarah's Data Struggle. 59

Chp. 5 Step 2: Insights: What Are the Key Attention Points?. 61

What is an Insight?. 62

Cater to Your Audience. 65

Empathy: Present Insights Relevant to Your Stakeholders. 66

Types of Analytics. 72

Tips to Communicate Your Insights. 76

Moving from Insights to Recommendations. 82

Sarah Uncovers the Root Causes of Poor Revenue Performance. 83

Chp 6. Step 3: Resolution: What Can We Do About It?. 85

Distinguish Between Output and Outcomes. 87

Dare to Have an Opinion. 89

Leverage Structured Problem-Solving. 90

Tips for Making a Recommendation. 97

Supporting Your Recommendation with Arguments. 99

Sarah Ideates Potential Solutions. 99

Chp. 7 Step 4: Argumentation: Why Is This a Good Idea?. 102

The Difference Between Argument and Facts. 102

The Magic Number of Three: Why Three Arguments Are Ideal 105

Expanding the Definition of Facts Beyond Numbers. 108

The Importance of Selectivity. 111

From Argument to Decision. 113

Sarah Backs Up Her Recommendation. 114

Chp. 8 Step 5: How Do We Get Started. 116

Summarize and Ensure a Common Understanding. 116

Anticipate Change Resistance. 117

Pave the Way Forward. 121

Insist on a Decision: Turning Discussion into Action. 122

Getting Started with the New Sales Channel 125

Chp. 9 Considerations on Data Visualizations. 128

Make It Easy to Decode Your Key Message. 130

System 1 and System 2 Thinking. 131

Pre-Attentive Attributes and Gestalt Principles. 136

Chp. 10 How to Prepare the Perfect Management Report 145

Structuring Your Management Report 147

A Mock-Up of the Perfect Management Report 149

Chp. 11 How Finance Professionals Become Excellent Communicators. 157

Business Cases. 161

From Analysis to Presentation. 163

One Size Does Not Fit All 164

Final Tips on Communication. 165

Chp. 12 Practical Steps to Start Improving Your Communication Skills. 168

Taking the First Steps. 169

The Next Steps. 171

From Steps to a New Company Culture. 173

It is Time to Get to Work. 174

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executive communication; finance executive; business communication; financial communication; management report; business presentation; financial presentation; accounting presentation; accounting data; accounting report