Biggest Budget Headaches for Accountants
The biggest frustration corporate accountants and financial executives face during the planning and budgeting process is a lack of time, according to a survey from Comshare, Inc.
Thirty-nine percent of respondents said a shortage of time to adequately and accurately prepare budgets was the largest hindrance to the process. Here are the other factors:
"The purpose of the survey is to learn about trends occurring in the planning and budgeting processes in organizations across the range of industries," said Norm Neuman, senior vice president of marketing at Comshare. "The survey reveals that financial executives still struggle with separate systems for planning, budgeting, forecasting, financial consolidation, reporting and analysis."
Other results of the survey can be found at the Comshare Web site, where you can also request a paper copy of the report.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.