20 April 2020
The world has been turned on its head by coronavirus, but one eternal truth, brought into sharp relief by current events, is that cash is king. As the world adjusts the need to understand, forecast and adapt to this fast changing business environment is vital to survive the choppy waters ahead.
03 April 2020
The coronavirus pandemic is having an impact on business operations across the UK. It is now necessary for businesses to significantly recalibrate their short- and longer-term forecasts.
Forecasting the impact of decisions and price shock uncertainty will be crucial in maintaining business continuity. Equally important will be the ability to access finance to fund suitable working capital requirements. Have you planned for how Brexit uncertainties might impact your cash-flow and access to finance?
01 November 2018
As with the other three principles, the PRA gives sound, common sense guidance overall but leaves a lot of practical matters untouched and questions unanswered.
16 October 2018
About two years ago, we published the second edition of our best practice guide to financial modelling with the ICAEW. It focuses primarily on spreadsheet-based, time-series centred, financial forecasting models. Though with a little imagination, the principles can be more widely applied.
24 September 2018
If you are an academy trust and prepare your budgets using excel spreadsheets, we have highlighted tips and techniques for you to consider which are intended to help you respond to the refined requirements of the ESFA’s Academies Financial Handbook 2018.
25 September 2018
Have you got a robust model development and implementation process and can you demonstrate it to the regulator?
15 August 2018
As with all risks within a financial institution, model risk requires a framework within which it should be managed. This involves robust governance, policies, procedures and controls in place to manage model risk. At all levels of the organisation, those involved in creating, using, overseeing and controlling models have a part to play.
03 August 2018
PRA supervisory statement on model risk in stress testing for financial services organisations. How to comply, what are the principles and what do you need to do?
