Enhancing Cash Flow Reporting of Company XYZ

Abstract

This thesis explores the cash flow report of Company XYZ, emphasizing the development of a more efficient financial reporting system. By analyzing the existing reporting process, it identifies key limitations such as non-existent categorization of inflows and outflows, lack of visual aids, and the absence of cash balance indicators. These insights guide the design of an improved reporting system, addressing these limitations by introducing clear categorization, data visualizations, healthy balance indicators, automated updates, and future forecasting. The study investigates the significance of this analysis, highlighting the growing need for streamlined financial reporting systems within modern companies. Efficient cash flow reporting plays a crucial role, enhancing decision making, creating a clear picture of liquidity management, and contributing to the financial health of the organization. The study also introduces the “Cash 360 Dashboard,” an automated reporting system, which enables real-time cash monitoring and accurate forecasting. It emphasizes the importance of technical skills, communication, adaptability, and data-driven decision making in modern financial reporting. The methodologies used in this thesis is a comprehensive qualitative analysis of the current cash flow reporting process with Company XYZ. This involves an evaluation of the existing cash flow reports to identify gaps where improvement and additional information can be added. It also involved designing and implementing the new reporting process, including new technology into the existing ERP system in use to assist with monitoring long term cash flow and forecasting, and the use of other tools for formatting data and publishing it into a clear report in Power BI. The thesis concludes with highlighting the impact that implementing the enhanced cash flow report had within Company XYZ. The introduction of clear categorization, visual aids, automated updates, and futures forecasting has streamlined the financial reporting process and improved the quality of information and allowed for better decision-making in management. There were also several challenges that were encountered including technical complexities, stakeholder management, and others which are discussed. The study highlights the value of continuously learning which can drive innovation in financial reporting. The insights gained from the study contribute to the field of corporate finance and data-driven decision making