Using "flash" reports to gain an early indication of financial performance.(Communique)

Publication: Business Credit

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COPYRIGHT 2004 National Association of Credit Management

Only 46 percent of senior executives in Europe say their company uses "flash" reports to gain an early indication of financial performance before their books are dosed, according to PricewaterhouseCoopers. In the U.S., 75 percent say their company uses such indicators.

An additional 26 percent of European executives say they must make do with "draft" numbers at various points throughout the closing, compared with only 12 percent in...

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