CIMA E1 Syllabus C. Data And The Finance Function - Data Visualisations and The Finance Function - Notes ^{7 / 8}

Data visualisation and the finance function

Data visualisation is more than important than ever now due to the need to clearly communicate key messages from data. 

The three questions to ask before creating a data visualisation tool are:

1. Who are the audience?

2. How do they want the data?

3. What outcome do we want?

This provision of useful and understandable data makes data visualisation especially relevant to the finance function.

Many of the the users of the information produced are non-financial, therefore the data should be presented in the most clear and simple manner.