Human forecasting wins the race when data is absent

Phil Young learns what happens when FP&A go beyond the numbers [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q32019_569cc21c970cbd/53″ ]READ THE FULL GRAPHIC VERSION[/button] The apocalyptic effect artificial intelligence will have on financial planning and analysis  (FP&A) jobs presents as a foregone conclusion. But it isn’t. In my previous column (Dialogue, Q2 2019, page 53), I showed how … Read more

‘Brand equity’ is a poor term for a valuable asset

Brand equity is an imprecise moniker for a valuable thing, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q4_2019_final_co/59″ ]READ THE FULL GRAPHIC VERSION[/button] I was partly amused. But I was mostly confused. The first time I heard the term ‘brand equity,’ my immediate reaction was one familiar to finance guys: “There go those marketing people … Read more

AI won’t kill FP&A if it can reinvent itself as a trend-selector

FP&A should cool it, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/dialogue_q2_2019_full_book/53″ ]READ THE FULL GRAPHIC VERSION[/button] A crucial group within a company’s business function is financial planning and analysis (FP&A). Essentially, this team is responsible for forecasting key financial indicators, such as revenue, profit and cash flow – and for tracking and analysing a … Read more

Juice bar in a taxi cab

Value is being added in inventive ways in the digital age, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/q4_2018_fullbook/57″ ]READ THE FULL GRAPHIC VERSION[/button] There are numerous meanings and usages of the term ‘value-added’ – depending on the context in which the term is being used, i.e. finance, accounting, microeconomics, macroeconomics, or marketing. But in finance … Read more

Everyone needs to understand why profit is measured in different ways

Acronyms aren’t as simple as A, B, C [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/dialogue_q3_2018_fullbook/53″ ]READ THE FULL GRAPHIC VERSION[/button] Some years ago, when I was attending an academic conference at a regional university, I decided to visit their bookstore during a break in the proceedings. To my surprise, in the section of the store selling baseball … Read more

People really are an asset after all

The financial definition of staff as an expense rather than an asset fails to reflect the reality of business, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q2_2018_00c75a7dc64042/49″ ]READ THE FULL GRAPHIC VERSION[/button] When I introduce non-financial managers to the metric Return on Assets (net profit divided by total assets), I find that most people are … Read more

Razors, and all that jazz

Clever new companies are cutting up a classic business model, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/fullbook__dialogue_q1_2019/57″ ]READ THE FULL GRAPHIC VERSION[/button] Have you heard the story of the razor and the blade? According to what we read about it on instash.com, it’s a classic model economists use to describe the business model where … Read more