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FINANCIAL-REPORTING5 MIN READ

Make the Variance Note Say Something

Use plain-English principles to improve a vague variance explanation with a business partner.

Eli E Sales VP 1 Open 2 Extract 3 Rewrite Board commentary 20 sec The vague note Eli sends: "Bookings were adversely impacted by macro-related timing issues." The board needs a clear explanation by 3 p.m. The note sounds polished but does not tell readers what happened. $1.4M bookings miss 3 p.m. board draft deadline

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