Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Preventing balance sheet data integrity issues

In Chapter 1, Recognizing the Importance of Data Integrity in Finance, we learned that the balance sheet is one of the major financial reports that businesses and organizations prepare in addition to the statement of profit and loss and the statement of cash flows. These provide information that stakeholders and decision-makers need to understand the company’s financial position, how a company generates revenues and earns income, and the way the company utilizes its cash in operating its business.

By going through these financial statements, you will be able to familiarize yourself with the business and how it is doing. These reports provide a certain level of information needed to understand the numbers, generate the ratios, and review the indicators that convey how the business is operating. Moreover, this will help you make decisions on which financial and operational levers to pull to improve various aspects of the business...