Extract from “Pareto’s 80/20 Rule for the Corporate Accountant” published by John Wiley & Sons Inc
Background
This sounds impossible yet it is achieved. It takes good organization and recognition that the annualplanning process is not adding value, instead it is undermining an efficient allocation of resources,encouraging dysfunctional budget holder behaviour, negating the value of monthly […]

Excellent - Eddy Peach (Erie PA)
Great book, great ideas… inspiring! (or, at least as inspirational as you can get I guess, for a book about acctg)
Great practical advice - Damien Kelly (Chicago, USA)
I first came across David Parmenters work on [bettermanagement.com] where he has a number of artcles and webinars posted. What I like about […]

Companies in Asia, Europe, America and some in New Zealand are recognising that the existing budget process cannot continue. It has been with us, some say, since the Roman calendar was adopted by the western world. It is now seen by many that the budget process is a hindrance to management rather than a help. […]

“Quarterly rolling planning (QRP) is the most important management tool of this decade and is a process that will revolutionise any public or private sector organisation!”QRP removes the four main barriers to success that an annual planning process erects. An annual funding regime where budget holders are encouraged to be dysfunctional, a reporting regime base […]

In earlier articles I promoted the use of quarterly rolling forecast forecasts, explained what they are and set out the lessons that organisation have learnt, the painful way. Now I wish to look at the implementation issues.
Whilst all implementations will be unique they should have many common features just like a fingerprint. This article will […]

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