Statistic Problems

      PART ONEScenarioYou are a member of the finance department in a manufacturing business. At the end of quarter 2 your team set KPI’s for the first full financial year, quarters 3 to 6, and for the second full financial year, quarters 7 to 10. Two goals were identified.Youare now at the end of the end of quarter 6 and it is time to review performance against the goals and KPI’s and revise goals and KPI’s for the second full financial year, quarters 7 to 10.Your new goals may be more or less ambitious but should still be challenging   Analysis and revision of KPI achievement.Year 1 results Record your actual results for your KPI’s for quarters 3 to 6 in column Dof the 'Performance' sheet. In column E identify the factors that inhibited or assisted your achievement of KPI’s up to quarter 6. Setting KPI’s for year 2 Determine if the assumptions and parameters used when you originally set quarter 7 to 10 KPI’s are still valid.You should develop plans to minimise or eliminate factors that inhibited your performance in quarters 3 to 6.Revise your KPI’s for quarters 7 to 10 in light of past performance trends and current plans, resources and organisational capabilities.Your new KPI’s should be achievable but also challenging.   Record your revised KPI’s in column G in the 'Performance' sheetRecord the above reasoning for your new KPI’s in column H in the 'Performance' sheet.   PART TWO - Presenting and formatting financial data As a Finance Officer, you will be required to format, present and deliver financial data to a wide range of clients who have different levels of financial understanding and preferences. In a minimum of 150 words, describe the following:• A range of different methods for formatting, presenting and explaining financial data,• A range of different methods for communicating financial information, especially to those with little or no financial training, and• What actions you could/should take to ensure financial data is accurate and reliable. In a minimum of 100 words, answer the following questions:• In six months time, how can you be sure that the format/method/presentation that you have put in place following your interview with the CFO and Deputy CFO is still meeting the CFO’s requirements?  • What actions should you take to ensure that the financial reports you are providing your managers are still appropriate?