Financial reporting and Pain point: Difference between pages

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1. ''External.''
1. ''Marketing - sales.''


Financial reporting is traditionally external.
In sales and marketing, pain points are specific and significant problems suffered by a customer, or a prospective customer.


It is concerned with collating and providing information to external stakeholders, the financial markets and the public.
Especially any problem that might motivate a customer to buy goods or services, to solve the problem.


Contrasted with management accounting, which provides information for internal stakeholders.


2.  ''Organisations.''


More broadly, any problem significant enough to motivate action.


:<span style="color:#4B0082">'''''The objective of financial reporting (International Financial Reporting Standards overview)'''''</span>


:The users of financial information need to assess:
:<span style="color:#4B0082">'''''Technology dedicated to pain points'''''</span>


:*Prospects for future net cash inflows to the reporting entity; and
:"... there are high levels of expectation among [survey] respondents that coming investment in emerging technologies will be dedicated to an array of treasury pain points..."
:*Management's stewardship of the entity's economic resources.
 
 
:Accordingly, financial reporting seeks to provide information about:
 
:*The entity's economic resources (assets), claims against the entity (liabilities) and changes in those resources and claims; and
:*How efficiently and effectively management has discharged its responsibilities to use the entity's economic resources.
 
 
External reporting is mandatory for all limited liability companies, regardless of who owns them.
 
However, smaller and privately owned companies do have relatively lighter (mandatory) reporting requirements.
 
All companies may choose to publish more than the minimum mandatory information.
 
 
Financial reporting is also known as ''financial accounting''.
 
 
2. ''Internal.''
 
The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).


:''The Treasurer magazine, Issue 4, November 2021, p11 - Citi Treasury Survey - the Treasurer's Wiki - Emerging technologies.''




== See also ==
== See also ==
* [[Accounts]]
* [[Digital technology]]
* [[Annual report]]
* [[Digitalisation]]
* [[Assets]]
* [[Emerging technologies]]
* [[Balance sheet]]
* [[Fintech]]
* [[Cashflow statement]]
* [[Closing exchange rate]]
* [[Company]]
* [[Conceptual framework]]
* [[Credit]]
* [[Entity]]
* [[Environmental profit and loss]]
* [[Equity]]
* [[Finance]]
* [[Financial accounting]]
* [[Financial planning and analysis]]
* [[Fiscal]]
* [[Income statement]]
* [[Incremental]]
* [[International Financial Reporting Standards]] (IFRS)
* [[International Integrated Reporting Council]] (IIRC)
* [[Liabilities]]
* [[Limited liability company]]
* [[Management accounting]]
* [[Management efficiency ratio]]
* [[Performance]]
* [[Position]]
* [[Primary statements]]
* [[Private company]]
* [[Shareholder]]
* [[Small and Medium-sized Enterprises]]
* [[Stakeholder]]
* [[Stewardship]]
* [[Sustainability Accounting Standards Board]] (SASB)
* [[Sustainable Finance Disclosure Regulation]] (SFDR)
* [[Useful financial information]]
* [[Value Reporting Foundation]] (VRF)


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Technology]]

Latest revision as of 16:24, 30 November 2021

1. Marketing - sales.

In sales and marketing, pain points are specific and significant problems suffered by a customer, or a prospective customer.

Especially any problem that might motivate a customer to buy goods or services, to solve the problem.


2. Organisations.

More broadly, any problem significant enough to motivate action.


Technology dedicated to pain points
"... there are high levels of expectation among [survey] respondents that coming investment in emerging technologies will be dedicated to an array of treasury pain points..."
The Treasurer magazine, Issue 4, November 2021, p11 - Citi Treasury Survey - the Treasurer's Wiki - Emerging technologies.


See also

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