article thumbnail

What is Incremental Budgeting?

The Finance Weekly

Budgeting is a fundamental aspect of financial planning, and one approach that often comes up in discussions is incremental budgeting. What is Incremental Budgeting? Incremental budgeting is a budgeting approach where the starting point for a new budget is the previous one. Pros of Incremental Budgeting 1.

article thumbnail

Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs 

CFO Talks

A rigid approach might involve sticking to an existing budget and hoping the situation resolves itself. It Builds Stronger Teams Flexibility isn’t just about you as a leader—it’s about fostering a culture where your team feels empowered to innovate, problem-solve, and take ownership.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

FP&A is a Swiss multi-tool in a pocket of a management team

Fpanda Club

Blade = Budgeting Budgeting is one of the core FP&A planning activities the goal of which is to transform strategic objectives into operational plan by slicing and allocating available resources. Seatbelt cutter = Problem-solving skills An emergency can and will occur unannounced.

article thumbnail

How to Prepare Your Finance Team for Growth 

CFO Talks

For instance, if one team member has mastered a new budgeting tool, they can lead a session to help others learn it too. Delegating significant responsibilities, such as leading a budget review or preparing a report for senior leadership, helps them build confidence and skills. Breaking out of this bubble is critical for growth.

Finance 52
article thumbnail

Bridging the Gap: Finance and Development as Critical Partners in Nonprofit Success

The Charity CFO

The Budget: A Source of Tension and Opportunity One of the primary sources of tension between finance and development is the budgeting process. Anderson and Morris agreed that the ideal scenario involves a collaborative approach, where key players from all departments contribute to the budget creation.

article thumbnail

Members’ Profile: Anne-Marie de Bruin 

CFO Talks

When facing professional challenges, my approach is centred around maintaining a problem-solving mindset and a proactive attitude. This helps in developing a well-informed strategy to tackle the problem. I completed all my degrees through part-time, online study while working full-time and raising children.

CFO 98
article thumbnail

Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

Whether you’re a finance professional, business owner, or decision-maker, understanding how to leverage FIS can mean the difference between reactive problem-solving and proactive success. Heres how these systems are transforming the way companies operate.