Stop thinking financial statements, try the SYSTEM approach
A statement is a picture; a system is a movie which gives you instant outcomes of your decisions.
Every statement could be transformed into a system with its mechanism, its outcome, its associated risk
The piloting system consolidates at the company level 5 types of 5 essential numbers in a budget and control process:
- Analyzing a present situation with 5 observed digits
- Building a future situation through 5 action digits
- Adjusting with 5 drivers
- Targeting 5 future key indicators
- Forecasting a future situation with 5 outputs
The mycampusfinance team
Thank you for your reading, your comments and the promotion of this post.