Most of the people know majorly two types of communication one is Verbal and another is written. Communication is a method to express one’s emotion and feelings and importantly the message should clearly deliver to the receiver. Communication plays important role in each one business as well as in personal life.
Finance communication is a method to communicate the finance reports or data to the user of the report. In every day’s working life finance professional plays with lot of numbers, graphs & reports etc. to analysis summarize the information which is useful for the user of the report. The finance person job doesn’t end there now he has to come forward and explain the analysis done by him to the user, now there the Financial Communication plays an important role. In real term, the maker of reports is the person who can explain the report in an effective manner.
Now how to improve your financial communication. Following tips will help you to improve your financial communication
1. Always keep the working notes with you
For preparing any financial report the maker of the report prepares lots of working notes. Not all these working notes are part of the main report. Keep all such working notes ready for reference purpose. These working notes are basically the backbone of the reports.
2. Always highlight the key indicators
In each financial report there are lots of indicators but out of those, there are few which are important and crucial for decision making. Highlight the key indicators of the reports. Always be careful in explaining the key indicators of the report.
3. Keep your Report short & crisp
The report should not be too long to search for the conclusion. The report should be short & crisp. All the important points should be covered.
4. Use easy financial term to explain
At times financial terms are hard to understand by the non-finance background audience. The financial terms used during the discussion should be simple and easy to understand to all.
5. Open up for Q&A
This is an important part of each discussion. Open up for questions from the audience and explain them the exactly what they are looking for. Never go into a loop while explaining the doubts.