Forecasting expenses: Moving beyond the crystal ball
Posted by AccountingWEB in In business on Tue, 10/06/2008 - 13:15
David Vine looks at how companies tend to forecast annual expenses; points out the error of a pure slash and burn policy; and offers a couple of simple tips to keep control of those purse-strings.
For those finance directors that forecast employee expenses for the coming year by wetting a finger and sticking it in the air, 2008–2009 will prove troublesome.
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