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January 15, 2019

By Karl Kern, Accountant / Lecturer / Writer

The purpose of an income statement is to describe the delivery of products or the provision of services. This purpose is seen as an end result of Financial...

December 18, 2018

By Karl Kern, Accountant / Lecturer / Writer

Karl Kern has a BBA degree in Accounting from Temple University, and an MBA degree with a concentration in Finance from Babson College. After graduating from Temple University Karl started a career where he has established a reputation as a problem solver. Karl’s reputation as a problem solver is based on his ability to create as well as implement initiatives that have helped organizations increase revenues, decrease expenses, and improve cash flows.

Karl’s ability to create as well as implement initiatives is due to being a well-read individual with exceptional organizational skills and passion. It is Karl’s passion that guides him to improve the lives of not only himself but also those around him.

LinkedIn account: https://www.linkedin.com/in/karlhkern/

In 1992 a professor named Robert Kaplan and a consultant named David Norton created a measurement system called The Balanced Scorecard.  A reason for creating The Balanced...

November 13, 2018

By Thorsteinn Siglaugsson, Consultant / Corporate trainer / Manager


When preparing the implementation of a planning and forecasting system I am often asked if we can just take the existing spreadsheet solution and squeeze...

August 30, 2018

By Hyder Hasan, Global Finance Director at PureCircle

Strategic investment decision-making involves the process of identifying, evaluating and selecting among projects that are likely to have significant impact...

August 24, 2018

By Bjarte Bogsnes, Senior Advisor Performance Framework at Equinor (formerly Statoil), and Chairman Beyond Budgeting Roundtable

Welcome to this blog series, where I look forward to share with you some of my reflections on what I believe are very important issues for most organisations...

August 21, 2018

More than 15 years ago, the Harvard Business Review had already declared corporate planning and budgeting as all but dead. “Corporate budgeting is a joke, and everyone knows it...