The sixth meeting of the Boston FP&A Board was held on February 27, 2020, to address a popular subject of Zero-Based Budgeting (ZBB). What is new in ZBB of the 21st century? How can it be useful for addressing the challenges of traditional budgeting culture
A core aspect of financial planning & analysis (FP&A) is forecasting and budgeting. In this article, exposed are some of the more common myths so frequently accepted as truth within FP&A groups around the globe.
I would like to share my experience on my company’s journey towards a better budgeting process. I hope this will provide a starting point for fellow finance professionals to explore better ways to improve your own budget planning process.
The title of my LinkedIn profile is “Finance Influencer.” My LinkedIn profile summary contains the titles of accountant, lecturer, and writer. One could conclude that I do not need another title however a situation has arisen in which another title is necessary. The situation is the criticism of budgets. The criticism has presented an opportunity to assume the title of defender and as a defender I would like to defend budgets.
The 6th meeting of the Dubai FP&A Board took place on November 20, 2019 at “The H Hotel, Sheikh Zayed Road, Dubai”. The weather was stormy and rainy but still 30 Senior Finance and Business professionals participated at the meeting. The Dubai FP&A Board was proudly sponsored by Michael Page, Jedox, and Azdan.
Budgeting no longer helps organisations to perform better. On the contrary. It prevents organisations from performing to their full potential, because given the level of volatility, uncertainty and ambiguity in the world only thing we know for sure is that we don’t know. “The future ain’t what it used to be”, as the American baseball player Yogi Berra once put it.