I help accountants and auditors turn insights into impact by improving their business writing.
There are countless places where you can find tips for better writing. They’ll all say you should be brief. Cut out the waffle and the jargon. The point of cutting your draft is not to make it shorter, but to make it better. Well, sometimes I think you should cut out 100% of a document. Just don’t write it! Instead of less is more it’s a case of nothing is more than enough.
Why not write your next finance report the Axios way. The Axios mission statement is “Axios gets you smarter, faster on what matters.” They’re focused on the news of course, but as an #accountant or #auditor, don’t you want to get your colleagues or clients smarter, faster? If you do, you need to apply Axios’s four principles to your own writing: 1️⃣ Rephrase sentences to be shorter and clearer. 2️⃣ Reformat paragraphs so what’s key stands out.
In accounting, substance trumps form. In writing about accounting, it doesn’t. The form of what you write is as important as the substance. Whenever you write something – whether an email, a business plan, a board report or a customer letter – there are three dimensions to get right. Sure, there is the substance, or content, of the document. This is your message, and it is the reason for writing in the first place.
Reports have three dimensions that you can change. These are the content (the words, numbers, graphs and tables you use to convey your message), the structure (how you organise the information you want to communicate), and the style (how you set out your content on the page or screen so that they are easily readable and understandable). Recently, I did a makeover of the monthly management report for a nonprofit organisation where I changed the content, structure and style.
Aristotle wasn’t an accountant or auditor but he was an advocate of transparency in accounting. To prevent the exchequer from being defrauded, let all public money be delivered out openly in the face of the whole city and let copies of the accounts be deposited in the different wards, tribes and divisions.” Aristotle also identified 5 aspects of persuasion which you can follow when you are creating a presentation:
Science says your audience can’t read the text on your slides and listen to what you are saying at the same time.
They will prioritise reading.
But you want them to listen to you. (Don’t you?)
So, what is the answer? Read this to find out.
Excel transformed the world. No question. The first impact that Excel made was nothing to do with its functionality; it was the way it looked. Excel arrived along with the Windows operating system. Excel allowed a user to format cells. You could have borders and bold text. You could make a spreadsheet look good even it all it did was arrange data in rows and columns and sum them. Herein were the seeds of accountants and others focusing on form rather than content.
Put the real subject matter — the point — and even the conclusion, in the opening paragraph and the whole story on one page. Period!
This instruction was written 80 years ago this week. The whole memo has only 129 words.
If you are in a position of some authority why not write a similar instruction to your staff. The return on the investment of a few minutes of your time in terms of time and money saved will be enormous.
Note: This post was inspired by a post on the Daring Fireball blog about this memo from the Smaller War Plants Corporation (whatever that was).
I got an email today from The North Face explaining a data breach. Reading the email was like climbing the north face. This is the opening section of the email … On December 13, we detected unauthorized activities on a part of our IT systems, apparently carried out by external threat actors. Upon detecting the unauthorized activities, we immediately took steps to contain, assess and remediate the incident, including activating our internal incident response plan, hiring leading external cybersecurity experts to support with response activities and temporarily shutting down all IT systems that might be affected.
Richard Chambers interviewed 15 audit committee chairs to identify gaps in internal audit performance. He found a number of issues including a lack of effective presentation skills. No-one wants to listen to a presenter reading from their slides. What frustrates me is that so many people sit through bad presentations and don’t think, I must learn how to do better. Presentation skills make a massive difference to your job effectiveness but they are seen as peripheral in job interviews and whether you are good or bad doesn’t make much difference to your career.