Appropriate Levels of Detail in the Budget Mean More Effective Financial Planning and Analysis

 

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Results from a recent APQC survey show that only 40 percent of organizations believe that their organization's current policy for requiring detail in the annual budget is appropriate or highly appropriate given current organizational conditions. Those organizations that do find their policies appropriate have better alignment with unfolding business strategy, are more effective at business analysis, and derive greater value from their budgeting process than those that do not. This article explains survey results and gives insight into other advanced financial planning and analysis techniques.

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