The video talks about the expansion of CFO and accounting role with Enterprise and Corporate performance management. Despite the confusion of each term, Gary Cokins recommends that the CFO and management accounting are in a great spot to bring the methods such as six sigma, operation methods etc. of both Enterprise and Corporate together for better synchronization.
Predictive accounting projects future financial performance using a statistical understanding of an organization’s processes (Brimson, 2013). Predictive accounting seeks to understand the future and is based on the observation that much of an organization’s work is repeatable. Predictive accounting uses process maps to understand the sequence of activities. An organization can begin the process of mapping once it gains more insight as to how, when and why events occurred. The mapping process identifies the upcoming events that will follow and these future events are then translated into predictive financial statements using resource consumption activity standards and statistical probabilities (Brimson, 2013). An example of predictive accounting is if an accounting firm warned one of its clients of working capital being tied up in debtors and inventory.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more