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The Benefits of Using Economically Meaningful Factors in Financial Data Science

CFA Institute

As machine learning (ML) and data science become ever more integrated into finance, which factors should we consider for our ML-driven investment models and how should we select among them?

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Quant Screening: Three Questions for Investment Managers

CFA Institute

Simonian is also currently the co-editor of the Journal of Financial Data Science and on the editorial board of The Journal of Portfolio Management. He is a noted contributor to leading finance journals and is also a prominent speaker at investment events worldwide.

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Budget vs Actuals: The Key to Measuring Business Performance  

Centage

Gather the Data. Collect your company’s financial data, including the budgeted and the actual figures for the same timeframe. Learning from past variances and adjusting your budgets and strategies accordingly gives you the insight to consistently improve your company’s financial performance.

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Fulfilling CFOs' future roles

Future CFO

However, Ho concedes that CFOs will find it challenging to scale the data analytics function without an understanding of data structures and data warehouse. CFOs will find it even more challenging to move into the space of non-financial data and customer data platforms."

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Performance Metrics

Beacon CFO Plus

The substantive issue behind this challenge is how to effectively measure performance in an environment that does not lend itself to hard and fast metrics. The fact is that no performance measurement will be perfect across every section of an organization. Communicating often. Norton and Robert S.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

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Differences Between Budgeting and Forecasting in Business

Spreadym

Performance Measurement Budget: Budgets are primarily used to measure actual performance against planned performance. Variances between budgeted and actual figures are analyzed to assess how well the company is meeting its financial goals. This allows for proactive adjustments and better cost control.