Murphy Consulting Group, Inc.
|What is Business Analysis?|
A common misconception is that all accountants are experts in finance and data analysis. However, there are some clear differences between the three disciplines:
Accounting deals with the recording of past transactions and preparation of financial statements.
Finance uses past data to help determine current and future events. This includes budgeting and forecasting.
Data Analysis is the use of any data available (not just accounting data) to highlight useful information, suggest conclusions and support decision making.
With all three disciplines, we work with clients through a structured process to:
1) identify what is important to the business owner,
2) build custom reporting to track performance, and
3) meet regularly to review and analyze the results.
To learn more about how we can help you, please TAKE THE BUSINESS QUIZ or select a topic from the menu.