Brian McCartneyHow to Manage and Approve Changes in Budgets in an OrganisationThere area number of corrective actions that one might take to mitigate or counter budget variance but the expedience through which they…Jul 23Jul 23
Brian McCartney7 Methods for Managing Changes to a BudgetChanges within a project can usually be grouped into one of three categories; scope, schedule, budget. The three are intricately linked and…Jul 23Jul 23
Brian McCartneyTop 4 Things to Consider When Creating or Managing a BudgetWant to be part of the team enhancing huLet us consider the following, most prominent, factors impacting the successful management of…Jul 23Jul 23
Brian McCartneyTop 4 Budgeting MethodsThere are a number of different methods available to managers and the application of each can vary depending on a number of factors. Here…Jul 23Jul 23
Brian McCartneyWhat’s the Difference Between Budget Setting and Financial Forecasting?A budget is the financial representation of a planning process, usually annual. It is finalised before the beginning of a financial year…Jul 23Jul 23
Brian McCartneyFinancial Challenges Faced by OrganisationsLet’s start from having a great product or service to sell but no finance to sell it. This lack of cash flow is the first challenge that…Jul 23Jul 23
Brian McCartneyWhat’s the Impact of Organisational and Regulatory Frameworks on an Organisations Approach to…Whilst the means by which an organisation manages its finances is largely within its control, these are often derived so as to support the…Jul 23Jul 23
Brian McCartneyKnow Your Financial Objectives When Making Day-To-Day Business DecisionsPeople make decisions about what they can and can’t do based on their incomes and outflows. Businesses do this even more so, as their…Jul 23Jul 23
Brian McCartneyFinancial Accounting and Management Accounting are Quite DifferentAlthough both management accounting and financial accounting quantify business activity, they do so for different reasons.Jul 23Jul 23
Brian McCartneyEngineers Must Understand the Finance Function in Order to SucceedFirstly, I am an engineer through and through. Surprised? But I learnt the hard way that success in business is all about the money. As…Jul 23Jul 23