You're faced with conflicting budget analysis interpretations. How do you navigate through the chaos?

We need to verify the source data including the assumptions used in the preparation of budgets. There is also a need to review budgets periodically to analyze the changes due to new information.

La clave para evitar discrepancias es una planificación bien precisa, definiendo un cronograma de actividades intersectorial único, involucrando a todas las areas necesarias , de forma de garantizar oficialmente una sola premisa , y en el caso de cambio de tendencia/proyección , comunicarlo en forma inmediata.

One thing I have found helpful is going back to the basics. This is understanding the disparity and variance between cash flow on actual costs of the business against the set budget on projected costs that ensure everything is on track. A practical example is by first curbing inconsistencies caused by lack of enough available data and closure of data gaps. This helps to balance flexibility and control of the budget.

I would say 'go back to the drawing board'. You need to review the budget with so as to identify the causes of the disparities. Are there external factors at play, was the data properly collated. A budget is the quantification of an entities plan for a given period, hence a lot goes into it preparation. I believe that there should be wiggle room in budget preparations as there may be changes like government policy, economic factors that can significantly impact a budget making it unrealistic. When this happens a review of the budget is the only solution.

Dominar as nuances do negócio é primordial para validar e garantir a consistência dos dados. Em paralelo, realizar análises amostrais da base auxilia no encontro de pontos de melhorias e assegura a confiabilidade do que está sendo apresentado. No mais, a objetividade é fundamental para que o usuário final se sinta seguro e compreenda de forma clara quais s?o os pontos em que há necessidade de atua??o diferenciada na busca pelos resultados.

Para realizar un presupuesto generalmente partimos de analizar el pasado reciente (Informes Gerenciales, Estados Financieros y Contables, presentaciones impositivas, entre otros) y proyectar el futuro. Para esta última parte necesitamos realizar supuestos, tanto de variables endógenas del negocio o proyecto (ventas, nivel de producción, precios, etc.), como exógenas (cotización de la moneda, inflación, PBI, etc.). En este grupo de variables, es primordial utilizar fuentes de datos fiables para lo histórico, y apoyarnos en proyecciones de organizaciones reconocidas. Por ej. para proyectar la variación del PBI de un país, revisaría los datos de la oficina de estadísticas de ese país, y los contrastaría con los del Banco Mundial y ONU.

O essencial é trabalhar em cima de bases e relatorios sólidas e procedentes, pois n?o há constru??o de análises de dados se n?o houver confian?a inicial nos dados de origem

As one starts out with data and assumptions, you must list out all of your assumptions and revisit them periodically to determine if your assumptions still remain true in light of any new information.

I have found that frequent reviews such as inter monthly analysis helps to quickly identify the variance where and what. This is a monthly standard review which occurs frequently after mid month as I have a couple of sheets built into my monthly financial reports. This allows me to quickly identify the variance for adjustments if needed / possible within the period of performance.

Corrigir o curso é essencial para que uma organiza??o alcance seus objetivos finais. Isso requer n?o apenas ter informa??es e indicadores consistentes, mas também criar planos de a??o robustos nos quais toda a equipe esteja engajada. é fundamental alinhar esses planos com os pilares e diretrizes estabelecidos, garantindo assim uma execu??o eficaz e adaptável às necessidades do mercado.

Goals of creating budget can be different for each person or company depending on their requirements. Intention or goal of preparing budget should be determined in advance. Then only correct analysis can be made to prepare effective budget which can be used in proper decision making.

Una vez ratificadas y validadas las premisas utilizadas en el presupuesto buscando el primer objetivo es la rentabilidad y permanencia de la empresa en el mercado a la cual está inmersa y tomar los correctivos necesarios de las tácticas que amparan la ejecución del presupuesto en cuanto al resultado esperado.

Uma boa constru??o de or?amento parte com importantes metas correlacionadas. é importante elencar todos os pontos antes do come?o do trabalho, esclarecer todas as dúvidas de todos os participantes...trabalhar com dados sólidos e procedentes, analisar os mais diversos cenários de pessimista ao mais otimista e apresentar de maneira clara e objetiva

While doing budget analysis, different persons might analyze in different ways resulting in a conflict. In such a conflicting situation, analysis should be considered as per the goals of organization. Opinion of experts in respective field could be considered to analyze based on the organization goals for proper decision making.

Es fundamental tener la vision externa de los expertos en el mercado a la cual está inmersa la empresa, así como, las políticas económicas de la region donde se ubica la empresa y visualizar el futuro de la competencia e innovación de la misma.

Opinions makes things better. Some of the times it gives more sensible things. Taking the expert opinions gives the best and most experienced approach which is more important in the budget.

Expert opinions are valuable for support but should not be solely relied upon. Practices vary across organizations, contexts, and purposes. While expert insights can guide decision-making, the finalization should be done internally. Relying entirely on external opinions risks missing crucial internal perspectives.

Depois de uma análise prévia dos valores , a opini?o de especialistas sobre o assunto é essencial, pois traz uma vis?o ampla e valiosa sobre tudo aquilo que pode ser corrigido e acrescentado.

As organizational environment changes rapidly, it is important to be adaptable to such changes. With the new information and changes in environment, reforecasting may be necessary accordingly with the updated information and changes for proper decision making with current scenario.

Como esencia el presupuesto es una herramienta disciplinada a seguir y la misma permite corregir, direccionar y optimizar los objetivos planteados acorde al comportamiento y desenvolvimiento del mercado y los controles internos necesarios para tener el mejor resultado del costo- beneficio a la empresa y la retribución a los inversionistas y due?os de la empresa.

I have a pretty standard method which is reviewed monthly to address variances as they occur and work with senior management to try to mitigate or minimize as possible: - after the month closes the Senior Accountant updates a variance analysis to both budget and forecast which I review. This analysis includes the what, where, when, and why. - this variance analysis is sent out monthly to each budget/ forecast owner for review, comments, and approval. - if there is a significant variance that can not be mitigated within the overall plan then I will assess other mitigation or minimization options to present to senior management for approval. - finally document lessons learned for future budget and forecast possibilities.

Enfrentar interpretaciones contradictorias del análisis presupuestario puede ser caótico. Para manejarlo, primero, clarifica los objetivos y las premisas de los datos. Revisa las fuentes y asegúrate de su confiabilidad. Compara las interpretaciones para identificar discrepancias clave. Consulta con expertos para obtener perspectivas objetivas. Usa la toma de decisiones basada en escenarios para prever diferentes resultados. Finalmente, comunica los hallazgos de manera clara y transparente para mantener la confianza y alineación en las decisiones. Con estos pasos, podrás tomar decisiones informadas y estratégicas.

A análise de diversos cenários é importante pois em caso de necessidade você já tem a m?o as possíveis possibilidades a se seguir e quais retornos trar?o a companhia

One thing I have found helpful is tailoring the budget analysis according to the audience to ensure its effectiveness and consistency giving room for feedback and follow up.