Following on from the success of the 21st London FP&A Board, we had the pleasure of attending the 8th London FP&A Circle which shares the latest professional trends and developments with the UK FP&A community, open exclusively by invitation to senior and mid-level finance practitioners.
The International FP&A Board held a meeting in Dubai on 6th February in the wonderful H-Hotel in Sheikh Zayed Road. The topic of the discussion was “Rolling Forecast: 7 Factors for Success”.
Mature driver-based planning models are an essential component of effective rolling forecast processes in complex, global organizations. They provide the foundation for profitable growth by enabling strategy and cost structures to quickly self adjust to changing business objectives and market conditions.
Usually I am fairly rational and do not let my personal emotions interfere with how I interact with others. However, as the readers of my blogs and articles may have detected, my more recent writings increasingly reflect my frustrations with old school accountants.
The corporate planning process is a controversial subject on which opinions differ widely. But experience has shown that an effectively implemented planning process brings companies a clear added value in many respects. Enterprises are helped to achieve their set targets or to take corrective action if unforeseen changes occur in the background conditions.
In this article we will look at the different methods an organization can use to set direction. Planning involves many kinds of methods that help managers make decisions.