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Report on Data Handling And Decision Making

Added on - 18 Feb 2021

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DATA HANDLING ANDDECISION MAKING
TABLE OF CONTENTSDATA HANDLING AND DECISION MAKING.........................................................................1QUESTION 1..................................................................................................................................1Statement of current financial and non-financial data that have been used by organisation indecision making process..............................................................................................................1Data analysis integrity and identification of gaps........................................................................1Map between functions and data sources....................................................................................2QUESTION 2..................................................................................................................................2Description of data flows between organisation and its stakeholders.........................................2Improvements in data integrity of proposed data analytics framework......................................3Data protection and ethical assurance requirements....................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
ESSAY“DATA HANDLING AND DECISION MAKING”INTRODUCTIONTo analyse the financial health of an organisation it has been required that there must berecords of various data in the accounts which is termed as data handling, that will be used formeeting the operational goals and managing the activities of firm. In the present report there willbe analysis over the data which have been used by Barclays Plc for decision making andascertainment of the outcomes that will be effective in terms of designing the operations. Alongwith this, there will be analysis over the UK economic conditions which will have impacts onanalysing the operations in the right manner.QUESTION 1Statement of current financial and non-financial data that have been used by organisation indecision making process.To implicate the effective rules and regulations which help an organisation with respect tomake profitable decision and bringing the adequate information(Jiang, Ramkissoon andMavondo, 2016). Thus, there are several techniques through which business can gather theadequate information. It includes use of various methods which will be helpful in makingchanges in the operational tactics.Financial informationIncome statement (Profit and loss aswell as income and expenditures)Balance sheet (Assets and Liabilities)Cash flow statement (Inflow andoutflow of cash)Changes in equity (Capital investment)Non-financial informationHuman resource managementOperational activitiesManagerial strategiesCorporate social responsibilitiesEnvironmental effectsData analysis integrity and identification of gapsThe reliability of the data is referred as data integrity. This reliability has been helpful withrespect to make adequate operational changes and meeting the requirements at the right time.In Barclays there have been implication of various analysis and data base which will beadequate and helpful in managing the operational practices in the right manner. Therefore, data1
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