Financial Information Systems determine quality of financial statements and decision making processes. They are not strictly defined but their importance is too high to be left in grey area of undefined information systems. They are essential for quality business operations.
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Information Systems are not stabile systems because of too many components that might influence final non-financial figures. All that can be done is to give most accurate figures from current definitions and with given resources from unstable systems.
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Sharing Key Performance Indicators
I was just passing by in restaurant, buying a coffee and then I’ve heard one very interesting conversation of two colleagues. They were commenting how corporation gathers thousands of KPI’s from daughter companies in controlling departments but none of the board management members except CFO can see more then 5 Key Performance
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What is very often misinterpreted in standard Business Intelligence (BI) solutions is that BI can measure performance. BI can measure only for limited segment of non financial performance. Performance cannot be measured if Financial Statements are not included in analysis. Business performance cannot be measured if derivations of financial statements are not measured, analyzed, compared…
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