Grant Thornton (US)’s Post

Discover the latest spring edition of Plain & Simple - packed with valuable business insights! Uncover economic forecasts, data warehouse benefits, profitability-driving KPIs, and budgeting/forecasting strategies. Despite uncertainties, 2024 promises renewed potential. Stay informed with this must-read: https://lnkd.in/gC7UY_v7 #SpringInsights #ReaCPA

Some great articles written by Ryan Brickwood, MBA, CMA Ryan Bliss Mindy Gallman Brad Harvey. Especially the data analytics one :). If you are just starting on your data analytics journey or maybe its become stale with in your organization. We can help. Reach out today!

🗓 CFOs and finance teams have been put through the ringer over the past few years. Not only are #interest rates continuing to make the “cost of capital" prohibitively high, but factors like global politics, #accounting #talent shortages, and the much-hyped rise of #AI have all upended conventional wisdom about what it takes to #scale a business in 2024. With the first half of the calendar year in the rearview mirror, it’s time to examine what’s in store for #finance leaders as they embark on H2 2024 and how they can start redrawing their #capitalstrategy through the lens of R&D. https://lnkd.in/eYx7HA-k

part 5 concluding ADVANCE FP&A PRACTICE'S FOR A VOLATILE MACROECONOMICS,& BUSINESS ENVIRONMENT Sophisticated back testing delves into aggregating details. It may be, for example, that overestimations of some stores canceled out underestimations of others, or that cost of goods sold was very close to the forecasted amount, but components of, for instance, SG&A varied wildly—and that the divergence was netted out by interest expenses that were higher (or lower) than predicted. Companies can’t manage a variance if they don’t measure results with granularity. As teams examine variances, they can often identify clear patterns. In one North American–based consumer-packaged-goods company, for example, back testing revealed that forecast monthly sales were overestimated by about five percentage points, month after month—a variance that proved easy to address but could have been corrected much earlier if the team had been conducting back testing every week. Moreover, back testing enables companies to get smarter about how much weight to assign a given component used to make macroeconomic assumptions (such as forecasts of GDP or inflation) and continually fine-tune the model. Revisiting assumptions has always been best practice, even if the process was tedious and too infrequently undertaken. Today, back testing can be automated significantly, and patterns can be identified more precisely by using AI, including generative AI. Conclusively, It’s hard to make an accurate forecast in the easiest of times; it’s almost impossible when conditions are uncertain. But even—indeed, especially—in the face of tremendous complexity, FP&A teams can take specific actions to achieve clearer insights. Finally Six of the most consequential practices are remarkably straightforward. CFOs and their FP&A teams can begin adopting them today.and the earlier the better to ensure prompt and accurate financial planning , analysis and forecast to forestall budgetary deficit and etc. Permit me to draw the curtains here, am Open to opportunity, ready And willing to learn , work and impact positively .Am a resourceful person and a team player with over a decade experience in business , core banking operation ,, Customers service b, Leadership , business strategy, people and employees development and in marketing. A taste of pie,it's In the eating!! -so the saying goes. I rest my case #africasglobalbank #Worldtradecenter #worldbankgroup #cbn #standardcharteredbank #zenithbank #firstbank #unionbank #stanbicibtcbank #universityofcapecoast #universityofcambridge #universityofcalifornia #harvadbusinessschool #worldeconomiccouncil #

This was a nice holistic view of different economic topics based on what a survey of CFO's are seeing and feeling.

Is your company feeling the pinch from inflation, interest rates, and recession fears? Don't let #cashflow problems hold you back. Take control with a strategic 13-week cash flow model. 👍 Insights contributed by CBIZ's very own Luke D. Snyder #agilityandexcellence #cashforecasting

Is your company feeling the pinch from inflation, interest rates, and recession fears? Don't let #cashflow problems hold you back. Take control with a strategic 13-week cash flow model. 👍 Insights contributed by CBIZ's very own Luke D. Snyder #agilityandexcellence #cashforecasting

Is your company feeling the pinch from inflation, interest rates, and recession fears? Don't let #cashflow problems hold you back. Take control with a strategic 13-week cash flow model. 👍 Insights contributed by CBIZ's very own Luke D. Snyder #agilityandexcellence #cashforecasting

Is your company feeling the pinch from inflation, interest rates, and recession fears? Don't let #cashflow problems hold you back. Take control with a strategic 13-week cash flow model. 👍 Insights contributed by CBIZ's very own Luke D. Snyder #agilityandexcellence #cashforecasting

Is your company feeling the pinch from inflation, interest rates, and recession fears? Don't let #cashflow problems hold you back. Take control with a strategic 13-week cash flow model. 👍 Insights contributed by CBIZ's very own Luke D. Snyder #agilityandexcellence #cashforecasting