Effective practical information systems

Shortly after this series of articles started, we received from Novo Industries in Denmark a copy of their corporate report. Following correspondence with Kare B Dullum, Novo's Financial Executive, we received permission to reproduce part of that report. Management for Profitability and Interest Group Accounting, written by Kare Dullum, is a section of Novo's report which shows the flow of funds through a company to the various interest groups. The article demonstrates the basic decisions on financial management that are needed for integrated decision making on marketing, production, research development and administration. For this series of articles the figures used in earlier articles have been fitted in to the table presentations. The text of the article is self explanatory and readers of the previous articles in this series will recognise the different way of presenting the figures.