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The FM | Financial Management magazine podcast features conversations with executives and thought leaders in management accounting.

We discuss topics including governance, risk management, performance management, technology, corporate strategy, and leadership.

Interviews are conducted by FM editors and contributors.

Oct 22, 2020

Even without the disruption of COVID-19, budgeting and forecasting for the year ahead are challenging tasks requiring months of back-and-forth negotiations between departments and senior management. Prabhu Sivabalan, professor of accounting at the UTS Business School in Sydney, who has spent years researching budgeting, talks about the problem with using budgets for performance evaluation and suggests quick wins to improve budgeting this planning season.