Financ Financial ial Forec ecas asting ting Wha What are 1. What data are you using? 2. What are the sensitivities in your your key yo assumptions? assumptio as tions? 3. What are you assuming that you cannot control?
Financ Financial ial Forec ecas asting ting Ho How w often en ar are e 1. Constantly changing environment 2. Balancing act of resources yo you updating 3. What did you get wrong? fo forecasts?
Financ Financial ial Forec ecas asting ting Ho How w far ar out ut 1. Going concern accounting requirements 2. Medium term planning ar are e you lo lookin ing?
Financial Financ ial Forec ecas asting ting Wha What is s your ur 1. How long can this go on for? 2. What future income is guaranteed? re reasonable 3. What are the cascading effects of worst-ca wo case longer term impact? sc scenario?
Financ Financial ial Forec ecas asting ting Whe When n do do you u 1. What are the trigger points in your forecasting for action? ha have e to make e 2. What information do you need to make dec decisions ns? difficult decisions?
Financ Financial ial Forec ecas asting ting Wha What can n you u 1. Future support no not control? ? 2. The value of assets and liabilities 3. Engagement with stakeholders
Top Ti Tips • Something is better than nothing. • Speak to stakeholders / partners / auditors early and often. • Acknowledge what you don’t know.
Masterclasses 2020 Making Difficult Decisions and Financial Management through Crisis Delivered by GLT Partners @GLTPartnersLtd @VMFoundation #gltvmfmasterclass2020
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