A preliminary paper that may interest this Performance Management Group is "Monthly Reporting on Organization Performance", recently filed with SSRN. It includes seventeen hypotheses on a monthly financial summary and monthly operational summary that may enable an organisation to track important data promptly, systematically, and objectively, every month. Discussion involves many of the recent themes aired by Larry White and Gary Cokins in this group's discussions, and include:
Controls vs communication, and budgets vs targets.
Supplementary forecasting for two fiscal years.
Governance procedures on monthly reporting.
Objectivity and misrepresentation in reporting.
An abstract is available at https://ssrn.com/abstract=4830384
The full paper can be downloaded without obligations from the site for free. It includes a brief review of contributions on research papers on strategic planning, mentions practical experience at three major accidents, refers to international professional standards, and provides worked examples of monthly reports. Constructive discussion and feedback may contribute to the ongoing evolution of monthly reporting practices.
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Geoff Williams Retired Member CA ANZ
GLW Analysis Services Pty Ltd
Melbourne VIC
Australia
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