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There are frequently many decisions to be made in business. Financial reports can be useful in providing impartial data to support the decision-making process. These reports are generated on a regular basis. The written financial reports, which are frequently made up of statistics laid out in tables, can occasionally be overwhelming and challenging to interpret. However, these kinds of assertions can be presented visually with a little imagination.
This study helps readers better understand how cash moves through the company by classifying data according to three different criteria: financial activity, investing, and operations. Using graphs is a powerful way of presenting financial information (Khan-Panni, 2014). A correctly drawn graph can visually report information. Observing an image of data can assist managers to handle the issue of unnecessary data and inadequate information. Whether there is need to persuade or inform, graphs are effective in conveying information since they can illustrate patterns not apparent in a table. Graphs also make conclusions more noticeable and ensure maximum effects. Also, visual presentations greatly aid not only to present information but also to analyse data.
According to Khan-Panni (2014), the human mind can assimilate and understand a visual presentation less effortlessly than a monotonous range of figures. However, to communicate efficiently, a graph must reasonably present the details in the discussion. A visual display must have the capacity to hold attention and attract or the information may not be understood. A good graph expands or establishes interest in the information it presents. Visual presentation can be time-saving since they help the audience to hold relationships faster than from the matrix of numbers. The practical use of a graph can make information more clear and assists the audience to think clearly over the present issues.
Khan-Panni, Phillip. The Financial Times Essential Guide To Making Business Presentations. Harlow, England, Pearson, 2014,
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