Remove Credit Risk Remove Economics Remove Strategic Planning
article thumbnail

Budget Preparation Process: Full Step Guide

Spreadym

Strategic Planning: In addition to annual budgets, companies engage in strategic planning, which typically occurs on a longer-term horizon (e.g., This involves setting broader financial and operational objectives and then aligning annual budgets with those strategic goals. 3 to 5 years).

article thumbnail

Effective Risk Management Strategies for Businesses

CFO Talks

Externally, consider market trends, regulatory changes, and economic conditions. For CFOs in South Africa, factors such as political instability, economic volatility, and regulatory changes are particularly pertinent. Risk Assessment Once risks are identified, the next step is to assess their potential impact and likelihood.

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

What is the difference between planning, budgeting and forecasting for a business?

Spreadym

Forecasts can be short-term or long-term and are usually based on assumptions about factors like market conditions, customer behavior, economic trends, and internal capabilities. They help organizations anticipate potential risks, identify opportunities, and make informed decisions about resource allocation and strategic planning.

article thumbnail

How to Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Risk Management: Skills in identifying, assessing, and managing financial risks are important.

article thumbnail

Making AI Pay Off in Global Banking

Global Finance

Enabling the creation of a big data R&D center for CTBC Financial Holdings, along with implementing the dual strategic approach of AI. 2005-2019 CTBC Bank – Retail Banking Credit Risk Management Division, Vice President. Global Finance: What are the next steps with visualization, another emerging area of AI?

Banking 66