Excel Dashboards for Financial Reporting
Expert-defined terms from the Advanced Certificate in Excel for Financial Accounting (translated title from another language to English) course at London School of Business and Administration. Free to read, free to share, paired with a globally recognised certification pathway.
Account Analysis refers to the process of examining and interpreting financial d… #
Related terms include Financial Statement Analysis and Ratio Analysis. In the context of Excel Dashboards for Financial Reporting, account analysis is crucial for creating informative and interactive dashboards that facilitate data-driven decision-making. For instance, account analysis can help identify areas of cost savings, revenue growth, and cash flow management, which can be visualized in a dashboard using charts, tables, and other graphical elements.
Accounting Equation is a fundamental concept in financial accounting that repres… #
The equation is expressed as Assets = Liabilities + Equity. Related terms include Balance Sheet and Financial Statement. In Excel Dashboards for Financial Reporting, the accounting equation is essential for creating financial models and dashboards that accurately reflect a company's financial position and performance. For example, a dashboard can be designed to display key financial ratios, such as the current ratio and debt-to-equity ratio, which are calculated using the accounting equation.
Accounts Payable refers to the amount of money that a company owes to its suppli… #
Related terms include Accounts Receivable and Working Capital. In Excel Dashboards for Financial Reporting, accounts payable is an important metric for managing cash flow and monitoring liquidity. For instance, a dashboard can be created to track accounts payable and receivable, allowing users to identify trends and patterns in payment terms and cash flow.
Accounts Receivable refers to the amount of money that a company is owed by its… #
Related terms include Accounts Payable and Cash Flow. In Excel Dashboards for Financial Reporting, accounts receivable is a critical metric for managing cash flow and monitoring liquidity. For example, a dashboard can be designed to display accounts receivable aging reports, allowing users to identify overdue payments and optimize cash flow.
Accrual Accounting is a method of accounting that recognizes revenues and expens… #
Related terms include Cash Accounting and GAAP. In Excel Dashboards for Financial Reporting, accrual accounting is essential for creating financial models and dashboards that accurately reflect a company's financial performance and position. For instance, a dashboard can be created to display accrual-based financial statements, such as the income statement and balance sheet.
Amortization refers to the process of allocating the cost of an intangible asset… #
Related terms include Amortization Schedule and Intangible Asset. In Excel Dashboards for Financial Reporting, amortization is important for managing and monitoring intangible assets, such as patents, trademarks, and copyrights. For example, a dashboard can be designed to display amortization schedules, allowing users to track the cost of intangible assets over time.
Asset Turnover refers to the ratio of sales to total assets, which measures a co… #
Related terms include Return on Assets and Asset Utilization. In Excel Dashboards for Financial Reporting, asset turnover is a key metric for evaluating a company's operational efficiency and performance. For instance, a dashboard can be created to display asset turnover ratios, allowing users to identify areas for improvement and optimize asset utilization.
Audit Trail refers to the record of all changes made to a financial model or das… #
Related terms include Version Control and Audit Log. In Excel Dashboards for Financial Reporting, audit trails are essential for maintaining data integrity, security, and compliance. For example, a dashboard can be designed to display audit trails, allowing users to track changes made to the model or dashboard over time.
Balance Sheet is a financial statement that presents a company's financial posit… #
Related terms include Income Statement and Cash Flow Statement. In Excel Dashboards for Financial Reporting, balance sheets are critical for creating financial models and dashboards that accurately reflect a company's financial position and performance. For instance, a dashboard can be created to display balance sheet data, allowing users to analyze and interpret financial ratios and trends.
Benchmarking refers to the process of comparing a company's financial performanc… #
Related terms include Industry Analysis and Competitor Analysis. In Excel Dashboards for Financial Reporting, benchmarking is essential for evaluating a company's performance and identifying areas for improvement. For example, a dashboard can be designed to display benchmarking data, allowing users to compare their company's financial metrics to those of its peers.
Break #
Even Analysis refers to the process of calculating the point at which a company's revenue equals its total fixed and variable costs. Related terms include Contribution Margin and Margin of Safety. In Excel Dashboards for Financial Reporting, break-even analysis is important for managing and monitoring costs, revenue, and profitability. For instance, a dashboard can be created to display break-even analysis data, allowing users to identify the point at which a company becomes profitable.
Budgeting refers to the process of creating a financial plan that outlines proje… #
Related terms include Budget Variance and Financial Forecasting. In Excel Dashboards for Financial Reporting, budgeting is essential for creating financial models and dashboards that accurately reflect a company's financial performance and position. For example, a dashboard can be designed to display budget data, allowing users to track and analyze budget variances and identify areas for improvement.
Cash Flow refers to the movement of money into or out of a company, including ca… #
Related terms include Cash Flow Statement and Working Capital. In Excel Dashboards for Financial Reporting, cash flow is a critical metric for managing and monitoring liquidity and solvency. For instance, a dashboard can be created to display cash flow data, allowing users to track and analyze cash flow trends and identify areas for improvement.
Cash Flow Statement is a financial statement that presents a company's inflows a… #
Related terms include Balance Sheet and Income Statement. In Excel Dashboards for Financial Reporting, cash flow statements are essential for creating financial models and dashboards that accurately reflect a company's financial performance and position. For example, a dashboard can be designed to display cash flow statement data, allowing users to analyze and interpret cash flow trends and ratios.
Chart of Accounts refers to a list of all accounts used by a company to record a… #
Related terms include General Ledger and Accounting System. In Excel Dashboards for Financial Reporting, charts of accounts are important for creating financial models and dashboards that accurately reflect a company's financial performance and position. For instance, a dashboard can be created to display chart of accounts data, allowing users to track and analyze financial transactions.
Consolidation refers to the process of combining financial data from multiple co… #
Related terms include Financial Reporting and Group Accounting. In Excel Dashboards for Financial Reporting, consolidation is essential for creating financial models and dashboards that accurately reflect a company's financial performance and position. For example, a dashboard can be designed to display consolidated financial data, allowing users to analyze and interpret financial ratios and trends.
Cost Accounting refers to the process of assigning and tracking costs to specifi… #
Related terms include Cost Analysis and Activity-Based Costing. In Excel Dashboards for Financial Reporting, cost accounting is important for managing and monitoring costs, revenue, and profitability. For instance, a dashboard can be created to display cost accounting data, allowing users to track and analyze costs and identify areas for improvement.
Cost #
Benefit Analysis refers to the process of evaluating the potential costs and benefits of a project or investment. Related terms include Return on Investment and Cost-Effectiveness Analysis. In Excel Dashboards for Financial Reporting, cost-benefit analysis is essential for evaluating investment opportunities and identifying areas for improvement. For example, a dashboard can be designed to display cost-benefit analysis data, allowing users to compare the potential costs and benefits of different investment options.
Current Ratio refers to the ratio of current assets to current liabilities, whic… #
Related terms include Quick Ratio and Liquidity Ratio. In Excel Dashboards for Financial Reporting, current ratios are critical for evaluating a company's liquidity and solvency. For instance, a dashboard can be created to display current ratio data, allowing users to track and analyze liquidity trends and identify areas for improvement.
Dashboard refers to a visual representation of data and metrics that provides a… #
Related terms include Scorecard and Key Performance Indicators. In Excel Dashboards for Financial Reporting, dashboards are essential for creating interactive and informative financial models that facilitate data-driven decision-making. For example, a dashboard can be designed to