Budgeting and Forecasting-The Bias and Motivation in Financial Modeling
Part I What is bias? It can be defined as “Our unintended potential to make mistakes in reasoning, evaluating, remembering, and our decision making as
FYIsoft Blog
Original blog content designed to keep you up-to-date with what's new and relevant in the world of financial reporting and analysis.
Metrics that Matter: The Crucial Lens of Fixed Costs though Variable Costs – The CFO View
There is a VERY important financial metric that tends to fly under the radar for some CFOs. This metric is called ‘Degree of Operating Leverage’
Three Keys Finance Teams Can Focus on to Make 2021 the Best Year Yet
Let’s all admit, 2020 was brutally difficult on businesses and their employees; but let’s also admit our new mantra will be that we’re not going
Elevating the Impact of Analytics and Reporting in Finance
When it comes to analytics and reporting, the big question has always been, how can CFOs and finance organizations improve the relevance and value of
How Optimized Reporting and Analytics Can Take Your Organization to the Next Level
If you are in finance and accounting, doesn’t it seem like everyone outside of your sphere of influence appears to be up to their elbows
Ten Finance and Accounting Predictions That You Can Hang Your Hat on in 2021-Part Two
“Fortune befriends the bold.” ~Emily Dickinson~ It’s ironic that one of America’s most famous poets from a 130 years ago can sum up how
Ten Finance and Accounting Predictions That You Can Hang Your Hat on in 2021-Part One
Ralph Waldo Emerson once said, “Whatever you do, you need courage. Whatever course you decide upon, there is always someone to tell you that you
FYIsoft Now Integrated with Microsoft Dynamics 365 Business Central
In an effort to expand its reach. FYIsoft has recently announced the availability of its software on Microsoft Business Central. In short, FYIsoft’s financial reporting
Intercompany Reconciliation-How to Gain Control
For any organization that has ever gone through M&A, expansion, consolidation, reorganization, general ledger conversion, or gone global, intercompany accounting management can seem quite daunting
Best Practices for Budgeting
This is Part Three of our series on Budgeting best practices. Last week, we explored best practices in budgeting for budget season. This included –