Reporting - Revision history

Doug: Add resource.

2025-01-02T02:46:02Z

Add resource.

← Older revision		Revision as of 02:46, 2 January 2025
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	:''Eleanor Hill, Founder, The Treasury Storyteller.''		:''Eleanor Hill, Founder, The Treasury Storyteller.''



			:<span style="color:#4B0082">'''''Reporting - treasury term of the month'''''</span>

			:"On 21 May 2024 the share price of Trump Media fell just under 9% for the day, following the company’s earnings report which disclosed a net loss of $328 million for the first quarter of 2024.


			:The market had been expecting a more favourable earnings report. This is why the share price fell so sharply following the announcement. This is an example of mandatory external reporting by an organisation.


			:As treasurers, we report both externally and internally within our organisations, as well as receiving and using reports produced by other parties.

			:Improving the quality and focus of our own reporting, and our use of reports from other sources, will add significant value for our organisation, our career and the treasury profession."

			:''Reporting - - ACT student treasury term of the month - June 2024.''


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	* [[Disclosure]]		* [[Disclosure]]
	* [[Dual reporting]]		* [[Dual reporting]]
			*[[Earnings]]
	*[[Enforcement]]		*[[Enforcement]]
	*[[Environmental, social and governance]] (ESG)		*[[Environmental, social and governance]] (ESG)
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	==Other ~~resource~~==		==Other resources==
	*[https://www.bis.org/publ/bcbs239.pdf Basel Committee on Banking Supervision - Principles for effective risk data aggregation and risk reporting - January 2013]		*[https://www.bis.org/publ/bcbs239.pdf Basel Committee on Banking Supervision - Principles for effective risk data aggregation and risk reporting - January 2013]
			*[https://learning.treasurers.org/resources/practical-reporting-for-treasurers Practical reporting for treasurers - ACT student article, Doug Williamson FCT]

			[[Category:Accounting,_tax_and_regulation]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Add link.

2024-05-23T02:33:50Z

Add link.

← Older revision		Revision as of 02:33, 23 May 2024
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	* [[Corporate social responsibility]] (CSR)		* [[Corporate social responsibility]] (CSR)
	* [[Corporate Sustainability Reporting Directive]]		* [[Corporate Sustainability Reporting Directive]]
			* [[Data]]
	* [[DEI]]		* [[DEI]]
	*[[Directive]]		*[[Directive]]

Doug: Add quote.

2024-05-23T02:30:36Z

Add quote.

← Older revision		Revision as of 02:30, 23 May 2024
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	:''Dimitris Papathanasiou CFA, Treasury and Risk executive.''		:''Dimitris Papathanasiou CFA, Treasury and Risk executive.''


			:<span style="color:#4B0082">'''''High quality data makes reporting tick'''''</span>

			:"I’m talking a lot with clients on the importance of data quality, and the fact that data is the commodity that makes systems and reporting tick.

			:Essentially an update on the 'garbage in, garbage out' philosophy. Treasury needs finance data and when different systems are used, you not only need to get them communicating in sync (and at the right refresh rate) but also be wary of duplicating data unnecessarily.

			:Start with the outcome in mind - high transaction volumes may be necessary to drill back in some cases (for example cash forecasting variances) but completely unnecessary in others - meaning you can aggregate certain sources, for example risk exposures.

			:It all contributes to a holistic reporting environment (understanding things) that can be managed separately from the operational treasury environment (doing things)."

			:''Carl Sharman, Partner, Deloitte.''


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	* [[Qualified audit report]]		* [[Qualified audit report]]
	*[[Red tape]]		*[[Red tape]]
			* [[Refresh rate]]
	* [[Regime]]		* [[Regime]]
	* [[Regulation]]		* [[Regulation]]
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	*[[Supervision]]		*[[Supervision]]
	* [[Sustainability reporting]]		* [[Sustainability reporting]]
			* [[Variance]]
	* [[Tax]]		* [[Tax]]
	* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]]		* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]]

Doug: Layout.

2024-05-23T02:10:38Z

Layout.

← Older revision		Revision as of 02:10, 23 May 2024
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	3. ''Risk - risk management.''		3. ''Risk - risk management.''

	The communication of risk and risk management outcomes for the purposes of comparing the results with the policy and the early identification of potential problems.		The communication of risk and risk management outcomes for the purposes of (i) comparing the results with the organisation's risk policy and (ii) the early identification of potential problems.


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	:"Treasury's most important function is that it is able to give the Treasury Committee, and senior stakeholders comfort via regular monthly reporting that Treasury is managing the company's exposures within the limits set by the Board.		:"Treasury's most important function is that it is able to give the Treasury Committee, and senior stakeholders comfort via regular monthly reporting that Treasury is managing the company's exposures within the limits set by the Board.

	:Typically this will include the monitoring of headroom for going concern, to bank counterparty limits, and FX and ~~Interest~~ rate hedging exposures etc.		:Typically this will include the monitoring of headroom for going concern, to bank counterparty limits, and FX and interest rate hedging exposures, etc.

	:Other wider important reporting will be preparing annual debt covenant compliance certificates to external stakeholders who would typically include banks and credit rating agencies."		:Other wider important reporting will be preparing annual debt covenant compliance certificates to external stakeholders who would typically include banks and credit rating agencies."
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	:This avoids putting numbers in a report just because they are produced.		:This avoids putting numbers in a report just because they are produced.


	:E.g. How is my liquidity going to change in the next 90 days? Key questions that each graph or table should tell the reader (1) What has changed? (2) Is it important? (3) Do I need to do anything?"		:E.g. How is my liquidity going to change in the next 90 days? Key questions that each graph or table should tell the reader (1) What has changed? (2) Is it important? (3) Do I need to do anything?"
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	* [[Auditors’ report]]		* [[Auditors’ report]]
	*[[Basel Committee on Banking Supervision]] (BCBS)		*[[Basel Committee on Banking Supervision]] (BCBS)
			*[[BCBS 239 Standard]]
	*[[Best practice]]		*[[Best practice]]
	* [[Bloomberg]]		* [[Bloomberg]]
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	* [[CbC reporting]]		* [[CbC reporting]]
	* [[Central bank reporting]]		* [[Central bank reporting]]
	* [[Coaching]]
	*[[Code]]		*[[Code]]
	*[[Competence]]		*[[Competence]]
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	* [[Disclosure]]		* [[Disclosure]]
	* [[Dual reporting]]		* [[Dual reporting]]
	* [[Employee]]
	*[[Enforcement]]		*[[Enforcement]]
	*[[Environmental, social and governance]] (ESG)		*[[Environmental, social and governance]] (ESG)

Doug: Update quote.

2024-05-22T03:42:05Z

Update quote.

← Older revision		Revision as of 03:42, 22 May 2024
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	:<span style="color:#4B0082">'''''Principles of reporting - BCBS'''''</span>		:<span style="color:#4B0082">'''''Principles of reporting - BCBS'''''</span>

	:"The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or ~~company~~ should follow.		:"The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or non-financial corporate should follow.

	:In summary, it highlighted the importance of a thorough end to end process that included governance and infrastructure.		:In summary, it highlighted the importance of a thorough end to end process that included governance and infrastructure.

Doug: Layout.

2024-05-22T02:21:54Z

Layout.

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 More broadly still, any structured or unstructured communication about facts or alleged facts.
@@ Line 187: / Line 200: @@
 * [[Payment practices reporting]]
 *[[Principle]]
 * [[Qualified audit report]]
 *[[Red tape]]

Doug: Layout.

2024-05-22T02:05:09Z

Layout.

← Older revision		Revision as of 02:05, 22 May 2024
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	:"While there are many ‘traditional’ ways to consider reporting within the treasury function, it’s also important to think outside the box.		:"While there are many ‘traditional’ ways to consider reporting within the treasury function, it’s also important to think outside the box.

			:Increasingly, this means looking beyond pure financial reporting to include non-financial areas such as ESG and DEI.

	~~:Increasingly, this means looking beyond pure financial reporting to include non-financial areas such as ESG and DEI.~~

	:Since reporting is about the provision (and consumption) of reliable business information, the concept also includes the sharing of treasury best practice and innovation.		:Since reporting is about the provision (and consumption) of reliable business information, the concept also includes the sharing of treasury best practice and innovation.

Doug: Layout.

2024-05-22T02:04:26Z

Layout.

← Older revision		Revision as of 02:04, 22 May 2024
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	:Increasingly, this means looking beyond pure financial reporting to include non-financial areas such as ESG and DEI.		:Increasingly, this means looking beyond pure financial reporting to include non-financial areas such as ESG and DEI.


	:Since reporting is about the provision (and consumption) of reliable business information, the concept also includes the sharing of treasury best practice and innovation.		:Since reporting is about the provision (and consumption) of reliable business information, the concept also includes the sharing of treasury best practice and innovation.

Doug: Update quote title.

2024-05-22T02:03:51Z

Update quote title.

← Older revision		Revision as of 02:03, 22 May 2024
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	:<span style="color:#4B0082">'''''~~Don't put irrelevant numbers into reports~~'''''</span>		:<span style="color:#4B0082">'''''Scope of treasury reporting'''''</span>

	:"Treasury's most important function is that it is able to give the Treasury Committee, and senior stakeholders comfort via regular monthly reporting that Treasury is managing the company's exposures within the limits set by the Board.		:"Treasury's most important function is that it is able to give the Treasury Committee, and senior stakeholders comfort via regular monthly reporting that Treasury is managing the company's exposures within the limits set by the Board.

Doug: Add quotes.

2024-05-22T02:02:23Z

Add quotes.

← Older revision		Revision as of 02:02, 22 May 2024
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	:<span style="color:#4B0082">'''''~~Principles of reporting - BCBS~~'''''</span>		:<span style="color:#4B0082">'''''Don't put irrelevant numbers into reports'''''</span>

			:"Treasury's most important function is that it is able to give the Treasury Committee, and senior stakeholders comfort via regular monthly reporting that Treasury is managing the company's exposures within the limits set by the Board.

			:Typically this will include the monitoring of headroom for going concern, to bank counterparty limits, and FX and Interest rate hedging exposures etc.

			:Other wider important reporting will be preparing annual debt covenant compliance certificates to external stakeholders who would typically include banks and credit rating agencies."

			:''Tim Coope FCT, Head of Treasury, Interim, St James’s Place.''


	:"~~The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or company should follow.~~		:<span style="color:#4B0082">'''''Don't put irrelevant numbers into reports'''''</span>

			:"Reporting should be purposeful. I always start designing of a report with a blank sheet of paper, divide it into squares and then write the questions I’m trying to answer in each square.

	:~~In summary, it highlighted the importance of~~ a ~~thorough end to end process that included governance and infrastructure~~.		:This avoids putting numbers in a report just because they are produced.

	:It presented the risk aggregating capabilities key values (accuracy and integrity, completeness, timeliness and adaptability) and outlined the principles of reporting practices (accuracy, comprehensiveness, clarity and usefulness, frequency and distribution)."

	:~~''Dimitris Papathanasiou CFA, Treasury and Risk executive~~.''		:E.g. How is my liquidity going to change in the next 90 days? Key questions that each graph or table should tell the reader (1) What has changed? (2) Is it important? (3) Do I need to do anything?"

			:''Robert Langley FCT, Director of Treasury Strategy, OSB Group.''


			:<span style="color:#4B0082">'''''Principles of reporting - BCBS'''''</span>

			:"The Basel Committee with the BCBS 239 standards defined the most important principles of reporting that any bank or company should follow.

			:In summary, it highlighted the importance of a thorough end to end process that included governance and infrastructure.

			:It presented the risk aggregating capabilities key values (accuracy and integrity, completeness, timeliness and adaptability) and outlined the principles of reporting practices (accuracy, comprehensiveness, clarity and usefulness, frequency and distribution)."

			:''Dimitris Papathanasiou CFA, Treasury and Risk executive.''


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	More broadly still, any structured or unstructured communication about facts or alleged facts.		More broadly still, any structured or unstructured communication about facts or alleged facts.


			:<span style="color:#4B0082">'''''Risk assurance'''''</span>

			:"Reflecting back, it would have been useful to survey all interested parties to understand precisely what their priorities were.

			:Add to this any other metrics for effective treasury reporting.

			:Ultimately, it's about giving assurance whether we are on track versus defined risk appetite parameters."

			:''Raj Gandhi FCT, former group treasurer and CFO.''


			:<span style="color:#4B0082">'''''And then what?'''''</span>

			:"The key question to ask for every report produced is: “… and then what?”

			:This question should be used as the filter for the efficacy and usefulness of the report produced.

			:If there are no good answers as to how the report will be used to make an impact, drive decisions, or shape specific outcomes - one should really change or drop it, and save time and effort."

			:''Andre Khor FCT, Chief Financial Officer, Chandra Asri Group.''


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	== See also ==		== See also ==
	* [[Annual report]]		* [[Annual report]]
			* [[Assurance]]
	* [[Audit report]]		* [[Audit report]]
	* [[Auditors’ report]]		* [[Auditors’ report]]
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	* [[Reuters]]		* [[Reuters]]
	* [[Risk]]		* [[Risk]]
			* [[Risk appetite]]
	* [[Risk management]]		* [[Risk management]]
	* [[Risk management reporting]]		* [[Risk management reporting]]
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	==Other resource==		==Other resource==
	*[https://www.bis.org/publ/bcbs239.pdf Basel Committee on Banking Supervision - Principles for effective risk data aggregation and risk reporting - January 2013]		*[https://www.bis.org/publ/bcbs239.pdf Basel Committee on Banking Supervision - Principles for effective risk data aggregation and risk reporting - January 2013]

	~~[[Category:Accounting,_tax_and_regulation]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]