TITLE

When Balance Is Bad

AUTHOR(S)
Eyermann, Louis
PUB. DATE
September 1999
SOURCE
Financial Executive;Sep/Oct99, Vol. 15 Issue 5, p44
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article examines budgetary processes at many large firms. According to Hackett Benchmarking solutions, the average company takes nine months to complete its annual budget. The author contends that the concept known as the balanced scorecard is partially to blame and advocates using driver-based forecasting. This method employs only certain financial and operative factors to devise a predictive model. It forecasts profitability by analyzing the determinants of revenue, cost and profit. However, this tool needs staff support and technological support to be effective.
ACCESSION #
11861252

 

Related Articles

  • Report: Wisconsin Faces Deficit Of $2.6 Billion in Next Biennium. Shields, Yvette // Bond Buyer;11/21/2002, Vol. 342 Issue 31518, p3 

    Reports on the revised revenue estimates released in Wisconsin. Deficit forecasts in the estimates; Tax collections in the state for the year 2002; Steps to be taken by the state to avoid tax increase.

  • Getting from estimate to budget. KENNEDY, DONALD A. // Industrial Management;Nov2009, Vol. 51 Issue 6, p25 

    The mega-project was looking good and now headlines reforecast it as $1 billion over budget. What suddenly caused this overrun? Could no one see the signs? Enough instructions are readily available on how to estimate costs. Less information is available on the processes once the initial estimate...

  • FORECAST: A BUSINESS SLOWDOWN BUT NO RECESSION IN 1974. Kimbell, Larry J.; Williams, Robert M. // California Management Review;Winter73, Vol. 16 Issue 2, p4 

    The article presents a U.S. economic forecast for 1974. The forecast assumes that the war in the Middle East will not directly involve the U.S. and not escalate U.S. defense expenditures significantly. It is predicted that the war will not have a significant impact on the U.S.' output of goods...

  • QI GDP High, Thanks To Government Spending.  // Asia Monitor: South East Asia Monitor Volume 1;Jul2007, Vol. 18 Issue 7, p3 

    The article presents an economic forecast of whether the private sector activity will remain sluggish until the political situation is resolved in Thailand. Through the expanded budget of the government for the next fiscal year, it will be a factor to help the country stimulate growth, due to an...

  • AN APPROACH TO FORECASTING TAX REVENUES. Warner, Stanley; Jensen, Kenneth A. // Annals of Regional Science;Dec69, Vol. 3 Issue 2, p202 

    Proposes an approach to forecasting tax revenues in the state of Washington. Model structure and rationale; Cyclical variations in state growth; Linkage of the state economy to an econometric forecasting model; Treatment of autocorrelation, a source of bias in the sales tax forecasting equation.

  • What's Ahead?  // Banking;Sep67, Vol. 60 Issue 3, p6 

    Presents forecasts on the U.S. economy in 1967. Forces that will expand the economy according to the Bankers Trust Co.; Outlook of Senator William Proxmire, chairman of Joint Economic Committee concerning tax increase and industrial production; Factors which may contribute to an economic decline.

  • ¿Marca nuestra estrategia el presupuesto? Orts Valor, Pablo // Estrategia Financiera;jun2014, Vol. 29 Issue 317, p24 

    No abstract available.

  • Big Trouble For European Banks.  // Emerging Markets Monitor;1/12/2009, Vol. 14 Issue 38, p1 

    The article discusses a forecast for the financial services sector in Great Britain in 2009. It is predicted that the said industry will experience problems in the said period because of several factors, including the deteriorating global macroeconomic outlook as well as broken business models....

  • Economy May Recover Quickly, But Margin Pressure Continues. Birch, Ray // Credit Union Journal;6/2/2008, Vol. 12 Issue 22, p16 

    The article reports on developments related to credit union in the U.S. From a longer-term perspective, business model for credit unions has changed. Margin compression will continue. On the other hand, a slumping economy will recover even in the second half of 2008, however, pressures on...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics