Effective Balance Sheet Team Briefing:
Better Understanding: Improve the team's understanding of the company's financial position, financial performance and risks faced.
Appropriate Decision Making: Provides information and analysis necessary for appropriate and strategic financial decision making.
Increasing Accountability: Increasing the accountability of the finance team and related teams in managing company finances responsibly.
Strengthening Communication and Collaboration: Encourage more effective communication and collaboration between teams, strengthening synergy in achieving shared financial goals.
Conclusion:
Effective balance sheet team briefings can provide many benefits to a company. By following the steps above and implementing additional tips, companies can ensure that their balance sheet team briefings run smoothly, are productive, and produce useful results.