CFO Edge Logo
  Home > Resources > Revisiting Your Forecast Article  
     
 

Should You Revisit Your Forecast as the End of the Quarter Approaches?

 
  Randy Miller, Partner, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a PDF  
     
  Article Summary  
Approaching the end of Q1, many Los Angeles and Southern California executives may discover first-quarter results are either significantly less or more than what they had budgeted. Both present their own sets of challenges: getting back on track for the former, and maintaining momentum and motivation for the latter.

Either scenario points to a common business problem: limitations in the traditional budgeting process.

This article discusses these limitations and then looks at a better budgeting approach known as “beyond budgeting” with rolling quarterly forecasts. Also reviewed are steps involved in the process of switching, as well as well-documented advantages of moving to this approach.

If your first-quarter results vary significantly from what you budgeted, you may be experiencing the limitations of traditional budgeting. Executives can benefit from working with an outsourced CFO services professional who has a proven record of transitioning traditional budgeting to the beyond budgeting approach with rolling quarterly forecasts.

You may also be interested in our complimentary four-page brief which examines this topic in greater detail. To learn more and download the PDF, click here: Year-End Strategic Planning & Forecasting: Now Is the Time for a New Approach.

  Open as PDF Open the entire article as a PDF  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications