BF_BUDGETING LINK_ Penton Media March 23, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/153 ---------------------------------------- ADVERTISEMENT If failure is not an option, read this complimentary Harvard Business Review Article to learn how to maneuver industry downturns and become a Finance Superhero! Read "Moving Upward in a Downturn", put on your cape and start being the hero you know you are! http://www.hostanalytics.com/Offers/finance_superhero_busfinance_enews.aspx ---------------------------------------- TODAY'S ALERTS --Bucking the EBITDA Mindset Michael Kramer talks about his stint as CFO of clothing manufacturer Walls Industries Inc., where he tackled the problems caused by an incentive system based on EBITDA. To view the full article go to: http://bigfatfinanceblog.com/2009/03/19/wardrobe-malfunction/ --Flowserve CFO: "Budgeting is a conversation" Communication is key in the budgeting process, according to Flowserve CFO Mark Blinn. That is why his company, which moves, controls, and protects the flow of materials in some of the world's most critical industries, uses both a traditional budget as an "an expectation that you talk from" and a rolling forecast to encourage dialogue. To view the full article go to: http://bigfatfinanceblog.com/2009/02/24/flowserves-cfo-explains-why-budgeting-is-really-a-conversation/ --Budgeting in Uncertain Times: A CFO's Perspective In a recent interview with Steve Player, Patricia Cochran, CFO of Vision Service Plan, shared insight into her company's budgeting and forecasting processes, including its approach to economic volatility. To view the full article go to: http://bigfatfinanceblog.com/2009/02/12/vsps-cfo-discusses-budgeting-in-uncertain-times/ --Planning for the Long Haul In the capital-heavy oil and gas industry, a 5-year planning outlook just won't cut it, says Joe Householder, SVP, controller, and chief accounting officer of Sempra Energy. In a Business Finance interview, Householder explained how a new business performance management (BPM) system is transforming the energy giant's planning, reporting, and cost management processes. To view the full article go to: http://bigfatfinanceblog.com/2009/03/23/planning-for-the-long-haul/ --Visit the Big Fat Finance Blog Now more than ever, finance professionals are specializing in multiple disciplines. To better meet this demand for more knowledge, Business Finance introduces The Big Fat Finance Blog, where finance professionals can engage our bloggers and editors in multiple disciplines. Join the conversation at http://bigfatfinanceblog.com To view the full article go to: http://bigfatfinanceblog.com --Hear Robert Kaplan Discuss Strategy for Measurable Benefits The 6th Annual BPM Summit, Generating Value Through Visibility, brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy unlimited access to the audio and slide shows from the keynote speaker presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ --Planning and Forecasting Survey: Chance to Win a $100 Gift Card How far ahead can companies peer into the economic gloom? How are budgeting processes holding up in the downturn? Help us find out by participating in this 10-minute survey. If you respond by April 3, you will have the opportunity to enter into a drawing for one of two $100 Visa gift cards. To view the full article go to: http://insidepenton.com/research/er/BF/bfpaf2009.htm EDITOR'S PICKS --David Walker's Next Crusade After serving nearly ten years as our nation's chief auditor, former U.S. Comptroller General David Walker resigned to meet an objective the public sector had long denied him. To view the full article go to: http://businessfinancemag.com/article/david-walkers-last-objective-0601 ---------------------------------------- Sponsored by Host Analytics http://www.hostanalytics.com/Offers/finance_superhero_busfinance_enews.aspx ---------------------------------------- Webcasts ---------------------------------------- Uncertain Times? Be Certain About What Is Profitable Beyond the Hype 2009 -- An Unbiased Look at Performance Management Vendors and Trends From GAAP to IFRS -- Are you ready? Beyond the Panic: A CFO's Guide to Sustaining Performance Register today at: http://businessfinancemag.com/recent-webcasts ---------------------------------------- Video ---------------------------------------- Managing in Troubled Times: An Interview with Damon Beyer of Katzenbach Partners http://businessfinancemag.com/video/how-leverage-productive-crisis-0316 Factors Find Upside to Retailer Blues: An Interview with J. Michael Stanley, Managing Director, Rosenthal & Rosenthal, Inc. http://businessfinancemag.com/video/factors-find-upside-retailer-blues-0226 BPM at Risk: An Interview with BPM Partners CEO Craig Schiff http://businessfinancemag.com/video/bpm-risk-0126 ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. Subscribe now! 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