The Ledger
Curated content foranalytical business leaders
CFO Magazine: 5 Accounting ‘Turnarounds’: How Manufacturing Fends Off Credit Squeeze
November 17, 2022
“For example, cost accounting takes into consideration fixed and variable costs. If a manufacturer’s operations team is only considering the cost of materials to make a widget — and leaving out the associated labor and overhead — that’s going to be a problem. It’s very difficult to make a profit when you sell something at an unknown cost.”
Forbes: How CFOs Can Take The Initiative On Tech, Talent And Sustainability
November 16, 2022
“Digital transformation and the automation of finance and accounting processes are helping finance teams improve operational efficiency and auditability. We’re seeing more organizations investing in the automation of closing processes to eliminate bottlenecks, provide clearer insights into real-time data intelligence and make the audit process more efficient. CFOs and finance teams are really playing a critical role in driving this change and creating value through the ability to plan and forecast quickly. It has to start with structuring the budget and the financial flows processes in order to build out analytics and forecasting capabilities.”
FP&A Trends: Intelligent FP&A: Top Three Challenges and How To Overcome Them
November 15, 2022
“Organisations fail to move past legacy ways of working. To this day, Excel remains the most common tool for running complex FP&A activities. Despite its popularity, spreadsheet-based planning is heavily constrained and unable to meet modern business needs and speed. It restricts collaboration, increases the risk of error, and often works in a silo and even when it is not, it can be time-consuming to integrate properly.”
CFO Dive: CFO FP&A Close-up: Modern Planning and Analysis
November 14, 2022
“The purpose of FP&A, at its core, is profitability. “You would be surprised how large companies can get and still not understand their profitability, and at the end of the day, this is the purpose of FP&A,” said Sheeran.”
