Best Practices for Budgeting and Management Reporting

Author: [UK] Jackon / Zhuang Peijun
Publisher:
Publish Date: 2005-05-01
Features: Leverage information and data to make the best decisions! Best Practices in Budgeting and Management Reporting is a must-read for financial reformers. From an industry insider's perspective, David examines the successful technologies and transformation strategies of Hacton Group. This book provides solutions to the following problems: lack of creativity and execution in strategic planning; inability to integrate operational plans, financial plans, project plans, and investment plans; obtaining accurate information about customers and competitors from lengthy 30-40-page management reports; spending excessive time coordinating different forecasts; introducing advanced technology but getting worse data at a faster pace. It helps businesses align management reports with planning, improve corporate performance, and achieve strategic goals.
Strategic Planning—Laying the foundation for all subsequent planning, reporting, and forecasting activities.
Operational and Financial Planning—Implementing effective strategies to achieve strategic plans and applying such strategies to produce ideal financial results.
Management Reporting—Integrating all data, reporting available information to the right people at the right time.
Forecasting—Regularly estimating future business performance, updating action plans, and adjusting short-term goals.
Technology—Enhancing the accessibility of information and fully utilizing existing data through analysis and communication methods.