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You're reading from  Managing Data Integrity for Finance

Product typeBook
Published inJan 2024
PublisherPackt
ISBN-139781837630141
Edition1st Edition
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Author (1)
Jane Sarah Lat
Jane Sarah Lat
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Jane Sarah Lat

Jane Sarah Lat is a finance consultant with over 14 years of experience in financial management and analysis for multiple blue-chip multinational organizations. In addition to being a Certified Management Accountant (CMA U.S.) and having a Graduate Diploma in Chartered Accounting (GradDipCA), she also holds various technical certifications, including Microsoft Certified Data Analyst Associate and Advanced Proficiency in KNIME Analytics Platform. Over the past few years, she has been sharing her experience and expertise at international conferences to discuss practical strategies on finance, data analysis, and management accounting. She is also president of the Institute of Management Accountants (IMA) Australia and New Zealand chapter.
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Handling confusing date convention formats

One of the most common data integrity issues encountered when dealing with date time values involves the inconsistent positioning of the month and date values in data entries and transactions. In some countries, mm/dd/yyyy is used for the date format. In other countries, dd/mm/yyyy is used. Of course, the number of days (that is, 01 to 31) exceeds the number of months (that is, 01 to 12). However, what if the record stored in the sheet or database is 03/06/1990? If the assumed format is mm/dd/yyyy, then 03/06/1990 will be interpreted as March 6, 1990. On the other hand, if the assumed format is dd/mm/yyyy, then the same date will be interpreted as June 3, 1990 instead.

Now, we have a data integrity issue when a single column involves both formats. There are a variety of reasons this could happen and one of the possible causes is if records from multiple data sources were merged into a single sheet or table without taking into account the...

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Managing Data Integrity for Finance
Published in: Jan 2024Publisher: PacktISBN-13: 9781837630141

Author (1)

author image
Jane Sarah Lat

Jane Sarah Lat is a finance consultant with over 14 years of experience in financial management and analysis for multiple blue-chip multinational organizations. In addition to being a Certified Management Accountant (CMA U.S.) and having a Graduate Diploma in Chartered Accounting (GradDipCA), she also holds various technical certifications, including Microsoft Certified Data Analyst Associate and Advanced Proficiency in KNIME Analytics Platform. Over the past few years, she has been sharing her experience and expertise at international conferences to discuss practical strategies on finance, data analysis, and management accounting. She is also president of the Institute of Management Accountants (IMA) Australia and New Zealand chapter.
Read more about Jane Sarah Lat