AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Breaking Bad: Getting to Beyond Budgeting
FP&A Today
The Importance of Separating Target-Setting and Forecasting Processes
In Beyond Budgeting, we recommend to separate these three into three different processes where you can operate with different numbers and design different processes. So because they are different things, a target for instance, that is an aspiration. While at forecast, it's an expectation. It's what we think will happen, whether we like what we see or not. And last but not least, resource allocation is about optimization of what is often scarce resources, namely money.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode