Online articles
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Displaying 1-29 of 29 results
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Value drivers for financial planning
- Article
- 01 Dec 2023
- Klaus Möller, Payam Farahi, Michael Nudelmann, Michael J.Weiser
By selecting relevant and accepted value drivers, companies can make informed decisions in a volatile, uncertain, complex and ambiguous (VUCA) environment. The article explores the role of value drivers, which represent the key influencing factors of a business model, in financial planning. It describes how multinational crystal jewellery designer Swarovski moved from traditional budgeting to implementing a predictive driver-based planning and forecasting solution.
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The ins and outs of cash flow forecasting
- Article
- 01 Sep 2023
- Jamilex Gotay
The article emphasizes the significance of cash flow forecasting in managing a company's finances. The business credit department plays a crucial role in cash flow forecasting by tracking cash inflows through accounts receivable, aiding in accurate financial predictions. The article gives advice on how to build a new cash flow forecast.
Exclusive
Quantitative method stands as the most preferred method for scenario planning - GoodFirms Survey 2022
- Article
- 14 Nov 2022
- PR Newswire
The research platform GoodFirms recently released its new research report, 'Scenario Planning - Objectives, Benefits, and Methods of Application'. GoodFirms surveyed global organizations regarding their scenario planning initiatives, finding that 'uncertainty mitigation' was the top reported objective and 'quantitative scenario' was the most widely used scenario planning method.
Exclusive
Get comfortable wrapping yourself around Python
- Article
- 01 Jun 2022
- John Alarcon, Kevin Moffitt, Cory Ng
In today’s digital environment, where more tools are becoming necessary for analysing large and unstructured data sets, Python is emerging as a helpful resource for accountants. Discusses Python's relevance to accountants in areas such as audit and business planning and forecasting, as well as in accounting roles where automation may be useful.
Exclusive
Secrets of an Excel esports player: How pros tap the true power of spreadsheets
- Article
- 01 Mar 2022
- Gordon Ung
An interview with Jason Moore, a heavy-duty Excel user and esports player. Read on to find out how much hardware you need to push spreadsheets to their limits, what it's like to compete in the Financial Modelling World Cup, and Moore's views on why Excel and VBA is so powerful.
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Identifying embryonic trends that matter
- Article
- 01 Jul 2021
- Bob Goodson, Martin Reeves, Kevin Whitaker
To achieve strategic advantage, scan the market for surprises. To take advantage of emerging trends, companies must identify them when they are embryonic - identifying and interpreting anomalies to get ahead of their competition.
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Financial forecasting amid COVID-19
- Article
- 01 Apr 2021
- Pradeep Gupta, Brandon Metcalf
The effects of the pandemic have demonstrated why it's time to move beyond traditional annual budgeting and forecasting processes.
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Supply pain
- Article
- 01 Apr 2021
- Russ Banham
The onset of the pandemic reduced the global flow of goods. But when demand suddenly snapped back, supply chains proved less resilient. The article looks at some possible supply-chain solutions for CFOs to implement.
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Employee stock options and the flawed use of the Black–Scholes option pricing model
- Article
- 01 Jan 2021
- Louis P. Le Guyader, Thomas O. Meye
An examination of the use of the Black–Scholes model in financial reporting. The authors present evidence to suggest that the flawed use of the model leads to errors in reporting, most notably with regard to earnings.
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What is a data science model?
- Article
- 01 Nov 2019
- Fatema El-Wakeel, Daniel Smith
To discover what data science in finance is all about, start with modelling basics. The authors provide an overview of the skills a good data scientist should have and the process of building a data science model.
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CFOs: How to enable finance as a business partner
- Article
- 20 Mar 2019
- Neil James
How to use the integrated business planning (IBP) approach to support finance business partnering in your organisation. IBP can be used in various elements of performance appraisal by the finance business partner, such as budgetary control, alignment of KPIs and risk management.
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Incorporating leading indicators into sales forecasts
- Article
- 01 Dec 2018
- Nikolaos Kourentzes, Yves R.Sagaert
Nowadays we have an abundance of potentially useful leading indicators, and there is evidence that utilizing relevant ones in a forecasting model can significantly improve forecast accuracy and transparency. In this article, Nikolaos and Yves show how to find appropriate leading indicators and make good use of them for sales forecasting.
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Is this just another cycle or an opportunity to change?
- Article
- 01 Nov 2018
- Ron Ledbetter
Ron Ledbetter assesses how the oil industry can reduce the cyclical business impact of oil price cycles.
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Demolishing uncertainty
- Article
- 01 May 2016
- Paul J.H. Schoemaker, Philip E. Tetlock
A new set of forecasting practices based on research involving 25,000 forecasters and a million predictions.
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Volatility forecasting using financial statement information
- Article
- 01 Sep 2015
- Suhas A. Sridharan
Examines whether financial statement information can predict future realized equity volatility incremental to market-based equity volatility forecasts.
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What's in your leadership toolbox?
- Article
- 01 Mar 2015
- Barbara Tarasovich
Finance teams have been moving from counting wealth and policing compliance to creating wealth and strategy, so they need to broaden and upgrade some of their skills. The authors present their framework to help finance executives develop their leadership abilities.
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A practical guide for non-financial companies when modeling longer-term currency and commodity exposures
- Article
- 01 Jan 2015
- Lurion De Mello, Elizabeth Sheedy, Sarah Storck
Guidance on implementing long-term risk modelling.
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The rolling forecast: A tool for more accurate budgeting and planning
- Article
- 01 Nov 2014
- Rick Odom
Suggestions for financial controllers to start implementing rolling forecasts, including determining the ideal timing, frequency, and scope of the rolling forecast in a business cycle, and benchmarking through professional organizations.
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A new approach to effective demand planning
- Article
- 01 Aug 2014
- Richard Loretto
This article argues for a hybrid approach to provide accurate forecasts and address the needs of local, regional and global markets.
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Scenario planning not succession planning
- Article
- 01 May 2014
- Sandra Davis
The concept of succession planning can distract a board towards focusing solely on who will be the next CEO, rather than considering the entire senior leadership team and addressing a variety of strategic leadership, succession and transition topics.
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Better depreciation method using INDEX
- Article
- 01 Feb 2014
- Bill Jelen
Bill Jelen explains an Excel tip for modelling depreciation, which he picked up whilst judging the ModelOff World Financial Modeling Championships event.
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Using financial models as a value-added management tool
- Article
- 01 Sep 2013
- Kreag Danvers, Thomas Oliver
Financial modelling is an important tool that lets management accountants add value and help move an organisation toward achieving its goals.
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"Experts" who beat the odds are probably just lucky
- Article
- 01 Apr 2013
- Jerker Denrell
An interview with Jerker Denrell, focusing on his research study into the accuracy of financial analysts' forecasts.
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Do you know your cost of capital?
- Article
- 01 Jul 2012
- Michael T. Jacobs, Anil Shivdasani
A survey by the Association for Financial Professionals has found that companies differ widely in the assumptions built into the financial models they use to evaluate investment opportunities.
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Scenario planning: navigating through today's uncertain world
- Article
- 01 Mar 2011
- David A.J. Axson
David A.J.Axson looks at the implementation of scenario planning and advises how it can be used in the accounting industry.
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Long-term capital growth: the good and bad properties of the Kelly and fractional Kelly capital growth criteria
- Article
- 01 Aug 2010
- Leonard C.Maclean, Edward O.Thorp, William T.Ziemba
Take care in the use of Kelly and fractional Kelly strategies, say the authors. They explain some of the main advantages and disadvantages of using the Kelly criterion for investments in assets and betting strategies.
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Leveraging business cycle ups and downs
- Article
- 01 Dec 2009
- Greg Autry, Peter Navarro
A look at how firms can forecast business cycles and formulate strategies to take advantage of them.
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Just-in-time budgeting for a volatile economy
- Article
- 01 Sep 2009
- Mahmut Akten, Massimo Giordano, Mari A. Scheiffele
The article discusses several techniques companies can use to speed the budgeting process up and make it more effective.
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Six rules to improve your forecasting
- Article
- 01 Jul 2007
- Paul Saffo
In describing what forecasters are trying to achieve, Paul Saffo outlines six simple, commonsense rules that smart managers should observe when working with professional forecasters.
Displaying 1-29 of 29 results
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