Forecasting your carbon footprint?

Access Accounts were the first to launch a module to allow you to account for your carbon emissions.
It uses the carbon tables from DEFRA and the Carbon Trust to calculate a companys carbon output and the idea is then you can use this knowledge to try to find areas for improvement.
I saw the launch at this years [...]

Free workshop for mid size businesses

We are co-hosting a workshop in the middle of an event being run by the M-Institute on the 17th June in London. Places are free so please contact cat.corcoran@ruggedlogic.com or call her on 0151 702 8330 to book your place. Its free!!
The focus of our workshop at 9:30 will be:
Forecasting and the management of costs and cash [...]

Having trouble with Excel 2007 commands?

It seems there is a lot of concern amongst people moving to Excel 2007 that they cant find the commands under the menus they are used to
Microsoft, unsuprisingly, have done lots of work to make sure the upgrade is a smooth as possible. After all they spent over £1bn on R&D for this new ribbon [...]

Article on the “process” managers use when planning

Jyoti Banerjee, a well respected technology specialist, wrote an interesting piece on the processes that managers use and how they are split between “thinking processes” and “doing processes”. This is very relevant when looking at planning since future forecasting requires more of the thinking piece. You can’t rely on what happened in the past to predict the future…as [...]

Modelling errors and an organisation that is trying to stamp them out

EuSpRIG is the world’s only independent web based source of information describing the current state of the art in Spreadsheet Risk Management.  Their site makes an interesting read, but beware if you are a fainthearted FD!
As well as attempting to describe “best practice” for spreadsheet development they also list the publicly known errors caused through [...]

Not a bad place to start…

Since this site is all about financial planning issues it would a good start to discuss the definition of a financial plan.
Wikipedia gives its own view:
In general usage, a financial plan can be a budget, a plan for spending and saving future income. This plan allocates future income to various types of expenses, such as [...]

Question: Have you been trained to build a financial model?

Forecasts get reviewed by management, boards, investors and potential investors. They drive the decisions that those parties take with regards the future direction of the company. Yet amazingly there is no industry standard for how to produce a cashflow forecast.
I find this quite incredible.
When you buy an Accounting System, the software is designed with rules [...]