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Capital Asset Pricing Model is merely a theoretical construct developed by William Sharpe and John Lintner wherein a security’s return is directly related to its systematic risk that is, the component of risk which cannot be neutralized through diversification.(example major political, economic and social phenomena)
The […]

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Are you familiar with the Rule of 72?

This article seeks to familiarise ourselves with this simple but yet useful tool whereby we can approximately predict how fast our money or debt will grow, how much returns we will need to earn to achieve our financial […]

Normally, a company with a good historical track record in terms of finance and operations – such as having a strong customer base, a strong management team, quality assets, as well as being involved in the right business – will be able to price its IPO shares higher.
Before we begin, let’s understand the process flow […]

In the earlier article, we understand some of the reasons/justifications and challenges for a faster close.

So what can be some of the initiatives to drive a “faster close”:-

Review the work flow/process ( refer earlier article)
Increased automation – for example, online daily posting of sub ledgers […]

The earlier article dealt with some of the reasons for preparing the financial forecast.
As for the length and depth/details of the financial forecast, it varies as tabulated below:

Purpose/Requirements
How detailed?

1
To obtain banking facilities
12 months + 2 years

2
To restructure outstanding debts with banks
12 months + 3 to […]