Reader small image

You're reading from  Managing Data Integrity for Finance

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

Right arrow

Preparing a sample data quality scorecard in Microsoft Excel

In the previous section, we discussed using data quality frameworks to get a better understanding of the quality of the data we are working with. In this section, we will discuss how to decide which metrics to use and create a sample template in Excel, then apply it to a fictional scenario for a company encountering issues with its data.

Establish the data quality metrics to be used

To prepare a data quality scorecard in Excel, we must first establish the data quality metrics that we will use. We covered them earlier in the chapter and we will create a sample scorecard that includes KPIs for completeness, accuracy, consistency, timeliness, and validity.

Define the scale for scoring KPIs

There are two options we can use when scoring the KPIs. It can either be qualitative or quantitative.

Scoring the KPIs qualitatively involves using the high, medium, and low criteria as follows:

  • High: The data receives...
lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
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