Financial forecasting through the recovery

July 6, 2020

If you own a business, you are familiar with uncertainty and risk—and likely with many of the tools used to mitigate it.

The ongoing COVID-19 pandemic has introduced more unpredictability—even as epidemiologists warned of a second and third wave—increasing the value of financial modelling.

Forecasting can make the difference between surviving a global crisis and thriving in the next normal.

"This isn’t a planning exercise. This is a practical exercise," says BDO's Financial Advisory Services leader, Mike Devonshire.

In our video, Mike walks through the key benefits of maintaining a robust financial model in uncertain times, including:

  • decision-making approaches (data-driven vs. intuitive)
  • financial models (high-level, directional vs. detailed, operational)—and their uses
  • financial forecasting—and how to adjust key assumptions to make your model effective during a global crisis
  • KPIs—and how to refine them for changing times
  • capital-raising cycles—and the importance of identifying and mitigating risk during the COVID-19 pandemic
  • M&A transactions—and the importance of modelling the impacts of coronavirus on cash flow and lending covenants

Watch now.

Previous Article
COVID-19: How to adapt your business to thrive in the new normal
COVID-19: How to adapt your business to thrive in the new normal

COVID-19 has changed the business landscape. In this webinar, BDC, along with BDO, will share practical adv...

Next Article
Moving Forward - Accessing Capital Post COVID-19
Moving Forward - Accessing Capital Post COVID-19

The COVID-19 pandemic has changed how Canadian technology companies access capital. How do investors contin...