The pandemic exposed rigid budgeting and forecasting processes that couldn’t handle rapid changes. Armed with experience from last year, finance leaders share how they’re planning for 2022.
Once they have the data strategy, technology, and skills in place, finance leaders are finding they can use analytics to improve almost any aspect of the business.
The central bank is rethinking its monetary policy signalling after a misunderstanding that it would raise interest rates this month, leading to the sterling’s sharpest daily fall in 18 months.
Targeted amendments proposed by the International Accounting Standards Board are designed to provide more information about the effects of supplier finance arrangements on a company’s liabilities and cash flows.
Climate goals need to be underpinned by clear plans and data. Accountants can play a leadership role in strategy formation and sustainability reporting.
The proposal would require companies to report information to help investors assess whether noncurrent liabilities with covenants could become repayable within 12 months.
A focus on financial controls, moving to cloud-based applications, and supporting digital transformation and hybrid working are on CFOs’ priority lists.