PowerPoint Slide Makeover #76: Visually showing procedures that have decisions

PowerPoint Slide Makeover #76: Visually showing procedures that have decisions

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  Slide Makeover Video Podcast#76: Visually showing procedures that include decisions Based on the ideas in “Present It So They Get It” by Dave Paradi www.PresentItSoTheyGetIt.com
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  In many proceduresor processes, there are decisions to make that impact the outcome or end point. Here is a slide from a finance department that explains how to select the standard to apply.
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  Hierarchy under IFRS 1.IFRS and implementation guidance. 2. If no standard exists, look to similar situations and related issues that are covered by IFRS and the conceptual framework. 3. Otherwise, look to other standard setting bodies as long as they do not conflict with the above. -ie FASB
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  Hierarchy under IFRS 1.IFRS and implementation guidance. 2. If no standard exists, look to similar situations and related issues that are covered by IFRS and the conceptual framework. 3. Otherwise, look to other standard setting bodies as long as they do not conflict with the above. -ie FASB Using a numbered list is a common way to show the steps in a procedure
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  Hierarchy under IFRS 1.IFRS and implementation guidance. 2. If no standard exists, look to similar situations and related issues that are covered by IFRS and the conceptual framework. 3. Otherwise, look to other standard setting bodies as long as they do not conflict with the above. -ie FASB The problem is, that a numbered list implies the steps are sequential
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  Hierarchy under IFRS 1.IFRS and implementation guidance. 2. If no standard exists, look to similar situations and related issues that are covered by IFRS and the conceptual framework. 3. Otherwise, look to other standard setting bodies as long as they do not conflict with the above. -ie FASB But here, the user must make a decision if no standard exists
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  Hierarchy under IFRS 1.IFRS and implementation guidance. 2. If no standard exists, look to similar situations and related issues that are covered by IFRS and the conceptual framework. 3. Otherwise, look to other standard setting bodies as long as they do not conflict with the above. -ie FASB And here is another decision to make (although it is not as obvious as the first one)
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  So how canwe show the decisions that must be made and the result of making the decision one way or the other? Use a decision tree diagram like this.
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No It starts with the first question the user needs to ask themselves
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No Based on the answer to that question, they go down one path or the other
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No One of the paths leads them to another question they must answer
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No And the answer to this question leads them to the standard they need to apply
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No It is much easier for the audience to follow a decision tree because it is clear what they must do
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No A decision tree is simple to create using lines, rectangles and text boxes. No special graphic tools or talent required.
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  Applying standards underIFRS IFRS standard exists? Use IFRS standard Similar to situation covered by IFRS? Apply IFRS conceptual framework Look to other standard setting bodies; ensure no conflict Yes No Yes No When presenting a decision tree, you can explain it stage by stage so the audience better understands it.
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  What lessons canwe learn about explaining procedures using a decision tree diagram?
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  Lesson #1: Use numberedlists only when the process or procedure is truly sequential.
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  Lesson #2: Use adecision tree diagram to show the questions and possible answers at each stage of the process or procedure.
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  Lesson #3: Build yourdecision tree diagram using the PowerPoint drawing tools so that you can animate it stage by stage.
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  Lesson #4: Explain eachstage in the diagram one-at-a-time so the audience understands how to make the best decision at each stage.
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  Before After Lessons: 1. Numberedlists are for sequential procedures 2. Decision tree diagrams show questions and answers at each stage 3. Build the diagram in PowerPoint so it can be animated 4. Explain the stages one-by-one Quick recap: More makeovers available at www.SlideMakeoverVideos.com
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  If you wouldlike me to help your team create more effective presentations, get in touch: P: 905-510-4911 E: Dave@ThinkOutsideTheSlide.com W: www.ThinkOutsideTheSlide.com