Flexibility in planning, budgeting and forecasting is essential when the business environment is changing rapidly. Here are tips to manage these processes.
Predictive analytics can help accountants and finance professionals become more proactive as they make strategic choices. Here's how to get started with data and modeling that can help your organization arrive at well-informed decisions.
Swain is the CFO of Dish Network.
The Revised Uniform Fiduciary Access to Digital Assets Act, which has been adopted by 40 states, creates a three-tiered system for managing someone's digital assets after death. Advisers should help clients prepare an inventory of their assets and assist them in integrating digital assets into their estate plans. Check out more digital estate planning tips in Chapter 11, Volume 2 of The Adviser's Guide to Financial and Estate Planning (accessible to PFP/PFS Section members).
Advisers can establish stronger ties with their clients by offering financial tips to their adult children who have recently graduated from college. Advisers should explain the importance of creating an emergency fund, setting up a spreadsheet to manage accounts and paying off debt.
Bob Veres recommends four books that can help advisers with tasks such as hiring, marketing and creating an enduring practice. PFP/PFS Section members have a complimentary subscription to Veres' Inside Information. Download the latest issue here.
You can get more done if you prepare your schedule the night before, tackle one task at a time and debrief at day's end, writes Julie Winkle Giulioni. Writing down what you've accomplished "allows you to evaluate your results, determine what's working and what's not, and recalibrate your efforts," she writes.
Two more increases in short-term interest rates are likely to emerge from the Federal Reserve in 2018, with one in September and another in December, a Wall Street Journal survey of economists finds. Federal Reserve Bank of Chicago President Charles Evans says economic growth could set the stage for one or two more increases this year, while Federal Reserve Bank of Richmond President Thomas Barkin says economic growth will determine the amount of any such increases.