(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Finance Function

Boosting the strategic value of your data

Finance departments need to think through their use of data for maximum impact. By Andrea Chipman The advent of big data over the past two decades, along with the broader data revolution, has, in theory, made it easier than ever for corporate finance chiefs to support their financial and business strategies and decision-making processes with… Read More Boosting the strategic value of your data

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Budgeting

Top modelling tips for budgeting and planning

By Ian Bennett FCA The best approach to budget modelling is choosing a good model design in the first place. Named ranges, on the other hand, are less simple to manage, but may be worth the effort. Whether you’re going through your annual budgeting process, or developing strategic plans for your client’s budgeting, there are… Read More Top modelling tips for budgeting and planning

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Budgeting, Business Management

Moving target

By Deborah Tarrant Business forecasting, planning and budget setting are evolving rapidly in changing world and it’s hard to keep pace. Finance leaders who are meeting these challenges in established, turnaround and start-up phases, share their secrets on how they make budget. As accounting and finance professionals return to work after the summer holidays, their… Read More Moving target

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Management Accounting

Embed error checks in the design

We all know we should check that our balance sheets actually balance. This technique cuts down the workload by shouting out when there’s a figure we need to look into more closely. IAN BENNETT FCA leads PwC Australia’s deals modelling team and has morethan 17 years’ experience as a professional financial modeller. In the past… Read More Embed error checks in the design

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Finance Function, Management Accounting

How to supercharge finance model templates

Br Ian Bennett FCA Templates can save time and be very useful, but only if they are developed correctly. Check out some expert tips here. We’ve all done something difficult once and found it a useful experience, but one we wouldn’t want to repeat. In financial modelling, this might push us to develop a template… Read More How to supercharge finance model templates

(c) Chartered Professional Accountants of Canada. Contact CPA Canada for permission to reproduce this article., Budgeting, Marketing

How Do People Get Rich?

By David Trahair Thomas J. Stanley and William D. Danko explain how rich people get rich in The Millionaire Next Door. Most people dream of becoming millionaires. They want to live the life of luxury — vacationing on the French Riviera, driving a Lamborghini, wearing the latest Italian designer suits and drinking 50-year-old Chivas Regal.… Read More How Do People Get Rich?