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

Technical requirements

This chapter builds on concepts introduced in Chapter 1, Recognizing the Importance of Data Integrity in Finance, under the A quick tour of concepts relevant to data integrity management section. You may revisit this part to better appreciate our discussion in this chapter.

At the same time, we will be using datasets from a fictional company for our hands-on exercise using Microsoft Excel. If you do not have Microsoft Excel, you may use Google Sheets, which is free with a Google account, instead. Our sample datasets are saved in the Packt GitHub repository, which can be accessed at https://github.com/PacktPublishing/Managing-Data-Integrity-for-Finance/tree/main/ch07. Save the file on your computer, as we will use it in the Interpreting financial reports section of this chapter. You may proceed once these are ready.