Scenario

Your supervisor has asked you to use data to identify a problem and propose a solution for your accounting department.Choose a particular function of accounting such as Accounts Payable, to apply the IMPACT approach. How can you apply the IMPACT cycle problem-solving approach for Accounts Payable?

Address the following:

1. Identify the question(s).

A. Two questions to ask that can be addressed using data analysis supported by rationale

2. Master the data needed to answer the question(s).

3. Provide meaning. Include the following:

A. Specific examples of data visualizations

4. Make actionable recommendations to solve problems.

5. Identify people who might benefit from yourcommunication insights.Include the following:

a. Explain how people might benefit.

b. Explain why people would benefit.

6. Identify ways to track outcomes. Include the following:

A. Examples that support your response.