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

Microsoft Excel and Google Sheets functionalities to improve data quality and integrity

In the previous sections, we covered how to create sample data quality scorecards in both Microsoft Excel and Google Sheets. In this section, we will discuss the built-in capabilities these tools have to enhance the quality and integrity of data. We will begin our discussion with version control, which is a way to monitor changes made to files. Next, we will talk about collaboration tools to enable multiple users to make changes to the same file and give read-write permissions. After that, we will cover the data validation functionality in Google Sheets, as we discussed this for Microsoft Excel in the previous chapter. Lastly, we will touch on conditional formatting, which is a very useful tool to help in reviewing movements and trends.

Version control

Users can make changes to a file and keep track of changes over time in both Microsoft Excel and Google Sheets. This gives a history of file...