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Technical

Improving FP&A accuracy Logo cgma

  Tim Cooper |   Free |   CGMA |   Apr 2019 |   FM magazine

Good financial planning and analysis is essential when risks to organisations seem greater than ever. There is now a range of tools available and the technology improves almost daily. This article examines the ways for creating better accuracy and real-term forecasting and talks to a number of experts in this area. One of the problems is integrating systems together across different companies.

Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Management reporting, Advanced

1 Comments/Reflections

Ian Oliver

Ian Oliver Jun 2019

We still have fiscal rather than rolling forecasts, but it makes sense to extend the planning horizon, especially as the year progresses and the year end looms nearer. I am going to suggest this to management. 

We also have cloud based forecasts, but the platform is not very reliable, and I have noticed some issues with version control and updates not being saved. Our cost drivers are not directly linked to our financial forecast, so this should be my next step.