The budget is supposed to be the tool by which an organisation transforms its strategy into action. Unfortunately, up to 60 percent of organisations do not link their corporate strategy to their budget. This paper will show you how to link these related management processes and strengthen your business performance management capabilities.
Investors believe that a move towards ‘real-time’ reporting would enhance investor returns and improve the level of confidence in corporate reporting, reveals ACCA’s latest research examining how corporate reporting is changing in the face of demands from investors. The study suggests that companies which provided information on a continuous basis would be perceived as having […]
This white paper examines the why and how lean principles could be applied to accounting in order to maintain lean success. It distinguishes between financial accounting and management accounting.
The Balanced Scorecard, created by Robert Kaplan and David Norton, has emerged to be a powerful strategy management tool as it makes strategy become “everyone’s everyday job”.
It is hard enough to come up with an effective corporate strategy. It is even harder to execute that strategy effectively to achieve desirable outcomes. A 2009 study on employees found that 70% of them were confused about what they needed to do to support their company’s strategy.