There are several alternative data visualization methods that can be used to communicate changes in budget allocation over time. Some of these include line graphs, bar graphs, pie charts, stacked area charts, and waterfall charts. Line graphs can show trends over time, while bar graphs can compare different categories. Pie charts can show proportions of a whole, and stacked area charts can show how different components contribute to a total over time. Waterfall charts can show the cumulative effect of sequential positive and negative values, which can be useful for understanding changes in budget allocation.

Asked on the following presentation:

resource preview

Data Visualization Charts

Need to translate complex data into actionable items? Our collection of data visualization charts addresses this hurdle with a variety of charts, grap...

download
Download this presentation in

Get 5 out of 32 slides

PowerPoint Keynote Google Slides
Not for commercial use
Microsoft Powerpoint
Not for commercial use
Microsoft Powerpoint
Not for commercial use
Microsoft Powerpoint
Not for commercial use
Microsoft Powerpoint
Not for commercial use

Or, start for free ⬇️

Download and customize this and hundreds of business presentation templates for free

Voila! You can now download this presentation

Download

presentation Preview

View all chevron_right

Question was asked on:

Even financial reporting doesn't need to be so cut-and-dried. For instance, this bubble chart is used to quantify and summarize departmental budget. Large bubbles imply significant budget areas. So even without looking deeply at the numbers, viewers can easily make out budget priorities in just a glance. The chart also communicates changes in budget allocation from year to year. In this case, even though Department C was previously given lots of attention, it's since demoted into a much less important role. Often, this can mean a pivot in a company's strategic priorities, or just a general cut in budget across the board. 

Questions and answers

info icon

Data visualization in financial reporting can significantly influence strategic decision-making in a company. It provides a clear and concise view of complex financial data, making it easier for decision-makers to understand and interpret. This can help in identifying trends, patterns, and anomalies in the data, which can inform strategic decisions. For instance, a bubble chart can be used to quantify and summarize departmental budgets, showing budget priorities at a glance and changes in budget allocation from year to year. This can indicate a pivot in a company's strategic priorities or a general cut in budget across the board.

stars icon Ask another question