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Business leaders understand the value of investments focused on remaining relevant, but they lack confidence in the economy, according to a global survey by PwC.
Traditional forecasting methods have been found lacking, so follow these steps to enhance quality โ starting with alignment on the forecastโs purpose.
CIMA-sponsored research found that the combination of algorithmic calculations and dialogue between management accountants and decentral managers increased the perception of forecasts as neutral and trustworthy.
Ash Noah, CPA, FCMA, CGMA, managing directorโLearning, Education, and Development at the Association of International Certified Professional Accountants, highlights how short-term forecasting can be a value-creating activity.
The finance director at UK and Ireland retailer B&Q explains how frequent forecasting, scenario modelling, and contingencies are part of 2021 planning.
The coronavirus pandemic is forcing businesses worldwide to tightly manage their cash. Here are five critical steps to tackle liquidity stress in a crisis.
A subsidiary of the China National Petroleum Corporation put its data to work through a familiar platform and made big improvements to its budgeting and risk management.
US airlines are suspending their outlooks and cutting flights to combat the fallout from the coronavirus outbreak, and some CEOs are cutting their pay.
This excerpt from the CGMA report 'Re-inventing Finance for a Digital World' highlights how a machine-learning system delivered tremendous forecasting efficiencies for one company.
Steve Player, CPA, CGMA, the CEO of the consulting firm The Player Group, suggests that switching to rolling forecasts prompts you to plan better and ask strategic questions.
Because there is an art, a give-and-take, to budgeting, there is a need for objective forecasting. Excel expert Liam Bastick discusses how to forecast seasonally or cyclically.