Corporate budgets are designed to help a business achieve its strategic goals in a measurable way. Vietnam Briefing highlights the methods and tips for corporate budgeting in the context of the Vietnamese market.
As the world sets into a 'new normal', businesses will need to plan all aspects of their operations and budgets including staff, contracts, technology, work from home arrangements, supply chains, and possibly travel.
Definitely vary, but a budget is a way to allocate funds for financial, physical, and human resources to achieve a company's goals. Corporate budgets help companies monitor progress towards their goals, control spending, and foresee cash flow and profit. Businesses face difficulties in predicting the future and thus planning for a budget is difficult but an important task. A perfect example is this year, when the pandemic hit, disrupting budgets in a way no one could have predicted.
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Zero-based budgeting makes a comeback, but it's different this time | CFO Dive
With help from cloud platforms and AI-assisted technology, going back to the start each budget cycle is easier and leads to more accurate cuts.
Zero-based budgeting is gaining in popularity as companies cut costs because of the pandemic, but it's not the slash-and-burn tactic it used to be.
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Katie Anderson, CFO of apparel company Guess, helped her business ride out the pandemic by using the budgeting method to make tens of millions of dollars in strategically targeted capital and operating expense cuts. GM and Signet Jewelers are said to have done the same thing.
Syndicated Column: Analysis: In a recession, turning to sin might save the Texas budget | Opinion
ViacomCBS unveils diverse Lat Am slate, following 25% budget pledge – TBI Vision
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EU leaders to continue talks on budget with Hungary, Poland - Merkel
BERLIN, Nov 19 (Reuters) - European Union leaders will continue to discuss the bloc's 1.8 trillion euro ($2.14 trillion) plan to recover from the recession caused by the COVID-19 pandemic, which has been vetoed by Poland and Hungary, German Chancellor Angela Merkel said.
Hungary and Poland blocked the EU's 2021-2027 budget and recovery plan on Monday because access to the funds would be conditional upon respecting the rule of law.
"There is consensus on the EU budget, but not on the rule of law mechanism," Merkel told journalists after a meeting with EU leaders late on Thursday.
Trilogy Metals Announces the 2021 Program and Budgets for the Upper Kobuk Mineral Projects and
VANCOUVER, BC , Nov. 19, 2020 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy" or the "Company") is pleased to announce that Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32") has recently approved the 2021 program and budget of approximately $27 million for the advancement of the Upper Kobuk Mineral Projects ("UKMP") located in Northwestern
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Activities at the Arctic Project will focus on an additional 7,600 meters of drilling which will have the dual purpose of extracting additional material for metallurgical work and for the conversion of mineral resources into the measured category. The metallurgical program that is associated with this drilling will support variability test work and pilot plant work which will commence later in 2021.
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