Familiarity Breeds Accuracy: Working With the Numbers Frequently

Familiarity Breeds Accuracy: Working With the Numbers Frequently: "[At Duke, t]hat may change. 'We're beginning to think about producing a quarterly facilities report,' says Green, 'which would include the status of capital projects - their financing, their funding, and where they are relative to their budgets.' MIT has a process in place for improving interim reporting. Each quarter, a small group of people in a particular area, such as general receivables, will take an in-depth look at how to improve reporting. Last year, improvements focused on land, buildings, and equipment; this year, Emmons plans to target net asset accounting. 'We view interim reporting as a work in progress,' she says. 'We're always trying to have the reporting take less time, have the numbers be of higher quality, and have a high comfort level with the numbers we're producing.'"