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Scenario Analysis vs. Sensitivity Analysis: Why You Need Both
Financial analysts determine when to use scenario analysis vs. sensitivity analysis to predict future results. In turn, business leaders can determine the impact of certain business decisions. Both analyses help companies gain a better understanding of their potential outcomes. Ultimately, both scenario and sensitivity analysis help companies forecast more accurately and reduce risk.
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The Democratization of Professional Talent and How It’s Transforming the Way We Work
Many businesses face the question of whether to embrace remote work and all its potential by integrating it into their business model or return to an onsite-only policy. Adjusting to remote work solutions has not been without its challenges, but it has also enabled the democratization of talent, in that companies can increasingly attract and retain highly…
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ASC 842: A Roadmap for Adopting the New Lease Accounting Standard
Your gut reaction to to the ASC 842 Lease Accounting Standard may be to think it’s for the other party—those that lease real estate, vehicles or equipment to others. However, the greater impact is on the lessee doing the borrowing, rather than the lessor. Any contracts signed where you’re using another company’s property with the…
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Use Budget Variance Analysis to Point Your Business Forward
Knowing where you’re going starts with knowing where you’ve been. You must plan, track and monitor your organization’s performance with a financial model if you want to grow steadily and profitably. And with financial planning and analysis serving as the backbone of sustainable growth, budget variance is the finger that points the way. Budget variance…