Overhead expenses are the ongoing costs of running a business that is not directly related to the production of goods or services. These expenses include things like rent, utilities, insurance, and administrative costs. They are also known as indirect costs or operating expenses. While they are necessary for the smooth operation of a business, they …
How Can You Analyze and Reduce Overhead Expenses? Read More »
Every position and duty inside an organization, as well as everyday life in general, have an influence on the digitalization juggernaut. Finance in the digital era plays a far more strategic role than just being basic bean counters and fund managers. Formerly considered “support” roles inside the firm, such as HR and Finance, are increasingly …
Today, I am going to explain how you can transition from audit to FP&A from my personal experience. So, five years ago, I made four changes in my professional and personal life: I changed my country (moved from Luxemburg to Germany). I changed my language (French to German). Also, I changed the industry (Financial Services …
Microsoft Office is a collection of desktop productivity tools created primarily for corporate usage. It was originally made available in 1990 and is a Microsoft Corporation proprietary software. Therefore, in terms of providing contemporary office-related document-handling software environments, Microsoft Office has long been the industry standard. I just discovered this immense catalog of tips made by Karen Roem. …
650+ Tips on Microsoft Office Tools for Finance Professionals Read More »
A PowerPoint template is a pre-designed set of slides that can be used as a starting point for creating a new PowerPoint presentation. Furthermore, templates provide a consistent design and layout for presentations, making it easy for users to create professional-looking slides quickly and efficiently. They can include backgrounds, color schemes, fonts, and other design …
Free PowerPoint Template to Improve Your Finance Presentations Read More »
A Waterfall Chart is a type of data visualization that demonstrates how successive positive and negative values may add up to change an original value. You can use this graph to display category or sequential data. It employs a sequence of bars to display gains and losses, making it evident how an initial value was …
Are you looking for the best way to present some data? How can we decide which data visualization method to use when there are so many options? To choose which data relationship is most crucial to your story, there are certain categories. Then, take a look at the many types of charts inside each category …
Data Visualization Guide for Finance Professionals Read More »
Un étudiant m’a envoyé quelques questions sur mon expérience en Audit. J’ai décidé de prendre le temps de lui répondre par écrit. Voici mes réponses: Concernant votre expérience d’auditeur Quelles ont été vos responsabilités et vos missions principales en tant que manager ? Planifier l‘audit (equipes, risques, timing, rdv clients et partner) Executer l‘audit (revoir …
Quelques mots sur mon expérience en audit (French) Read More »
Five whys (or 5 whys) is an iterative interrogative technique used to explore the cause-and-effect relationships underlying a particular problem. The primary goal of the technique is to determine the root cause of a defect or problem by repeating the question “Why?”. Each answer forms the basis of the next question. The “five” in the …
The 5 WHYs – Ultimate Tool for Root Cause Analysis in Finance Read More »
Imagine you could calculate how long it takes to double your money just with a simple formula. Have you heard about the Rule of 72? The Rule of 72 is a simple, effective rule frequently used to determine how many years are needed to double an investment at a specific yearly rate of return. Also, …
Numerous keyboard shortcuts that Excel provides can help you operate more quickly and productively. More importantly, significant operations may be carried out with just two or three keystrokes rather than using the mouse to enter the toolbar. Isn’t that quicker and easier? Excel shortcuts significantly speed up work and cut down on the workload. Therefore, …
50 Time-Saving Excel Shortcuts for Finance Professionals Read More »
Excel Charts assist you in displaying your data in a variety of appealing styles, including columns, lines, bars, pies, and areas, among others. It’s always about how we display the data that determines how fantastic a result we can produce with it. Excel charts and various bar graphs are helpful in this regard. In order …
10 Tips for Excel Charts to Make Your Life Easier in Finance Read More »
The global business community is changing along with the rest of the planet. Although there isn’t a single recipe for a sustainable workforce, several tried-and-true techniques significantly aid in creating and sustaining this culture inside an organization. As a result, companies must embrace entering new technology eras, gradually create, adapt, and expand – and most …
How Can You Build A Sustainable Workforce in Your Company? Read More »
I’d like you to reflect on these 12 FP&A principles and pick two you want to focus on in the next four weeks. More than 700 businesses from all around the world took part in a survey that Lawrence Serven and the Institute of Management Accountants (IMA) created. The methodology used in this survey set …
The 12 FP&A Principles for Finance Professionals Read More »
What do you think of your public speaking skill? Imagine working 6 months with your team on a project. After 6 months, today is the big day! It’s the day of your presentation to the Board. You have your deck of slides ready, and you worked until 11 PM the day before (you wanted to …
Public Speaking – The Most Underrated Skill in Finance Read More »
AI will have an influence on every employee, in every sector of the economy, and in every nation. There are serious worries that AI may completely eliminate jobs. The unpleasant realities of workforce automation have been widely reported on, especially as it relates to particular job categories and populations. For instance, the Brookings Institution concluded …
How AI Is Changing Our Jobs as a Finance Professionals? Read More »
Despite the fact that CFOs control and manage a large portion of the important business data that fuels such initiatives, the notion of the digital finance organization is still in its infancy in many businesses, and they remain distant from the core of digital technologies transformation efforts. Moreover, today’s CEOs and boards state they expect …
Cash is King, but do you know your King? Today, I will explain to you what I learned about cash and what you can do to manage cash. Like most Finance managers, I bring a specific focus on reaching my targets and report on how well (or bad) I do in comparison with these targets. Most …
How Can A Finance Manager Manage Cash in Finance? Read More »
Nowadays, everybody has a LinkedIn profile that accurately replicates their resume. But how can you differentiate yourself from others? Also, you will notice that few people have a summary on their page. Therefore, one of the best ways to stand out from the crowd is to write and customize your summary. Here are five tips to …
How to Create Your LinkedIn Profile Summary Professionally? Read More »
You need to use Excel in your everyday job if you want to manage massive amounts of data. However, there are still a lot of helpful Excel tips and tricks that are definitely missed. Even if you think that you have mastered Excel, I recommend you to visit the website of John MacDougal, “How to …
A To-Do list is simply a list of tasks that you need to complete. In other words, just much anything and everything may be on your To-Do list. However, just because you’ve written your tasks down doesn’t imply they’ll actually be done. You can prioritize your tasks and do excellent work by keeping track of …
A senior manager who is in charge of a company’s daily financial operations is known as a financial controller. Financial controllers manage the accounting department and are in charge of the business’s accounts and records. Depending on the size of the company, the financial controller’s function changes. I find that Data Scientists and Controllers share …
The connections between the financial statement items and the main value drivers of a firm are graphically shown in a value driver tree. The tree aids analysts in determining which factors are most crucial to the company’s total value and in monitoring the effects of changes to those factors. You can use the value driver …
Value Driver Tree (VDT) for Decision-Making in Finance Read More »
Cost-cutting refers to actions taken by a business to lower its costs and increase profitability. Cost-cutting strategies are often employed when a firm is experiencing financial difficulty or when the economy is weak. However, they can also be implemented if a company’s management anticipates future problems with profitability, in which case cost-cutting can then be …
How Can You Implement Cost-Cutting as A Finance Professional? Read More »
Using design, prototyping, and consumer testing, the sprint is a five-day method for addressing important business questions. To clarify, it is a “best hits” compilation of business strategy, innovation, behavior research, and design thinking packaged into a tried-and-true approach that any team can apply. You may shorten the lengthy discussion cycle and create POC with …
How to Create POC with The Sprint Technique in Finance? Read More »
After my seven years as an auditor, I thought that I knew most of the important functions of Excel until I saw the Slicer function. If you are working with Pivot Table, if you are filtering tables to create reports, or if you need to build a dynamic dashboard, you will love this function. What …
Slicer Function for Pivot Tables and Dashboard in Excel Read More »
Working in finance requires a unique set of skills and qualities. These include strong analytical and problem-solving abilities, the ability to think strategically and make sound business decisions, and excellent communication and interpersonal skills. Additionally, a professional in finance need to be detail-oriented and highly organized. Furthermore, they need to have the ability to work …