Chapter 2 - Activities performed by finance pros Flashcards
1
Q
What are the 5 As?
A
- Assemble
- Analyse
- Advise
- Apply
- Acumen
2
Q
What happens in assemble?
A
Collates data to prepare info about organisation
Broad activity of reporting
3
Q
What happens in analyse?
A
Provides insight to users by analysing info
Broad role of questioning
4
Q
What happens in advise?
A
Communicates insight to influence users
Broad role of developing solutions
5
Q
What happens in apply?
A
Supports implementation of decisions to achieve the desired impact
Broad role of deploying solutions
6
Q
What happens in acumen?
A
Connects different activities to each other
7
Q
What should good info be?
A
- Accurate
- Relevant
- Timely
- Concise
- Cost effective
