This presentation discuss how GAP action is used as part of the financial planning analysis cycle for either Government or Business

1. How is GAP Analysis uses as part
of Financial Planning and
Analysis
By: Paul Young, CPA, CGA

2. Disclaimer
• This presentation discusses GAP Analysis role with Financial Planning
& Analysis

3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. Agenda
• Budget
• Financial Statement

5. Budget
• Corporate budgeting refers to the process by which a business
estimates its finances for a future period and plans its operations
accordingly.

6. What is GAP Action and Why is it important
• Business and Government undertake action to bring actual results
back to budget
• Budget is agree upon document through legislation and/or board of
directors
• Actions taken to either reduce deficit and/or to hit the targeted profit and
revenue numbers

7. Example Revenue Action
• Raise Revenue
• Increase Taxation
• Increase Selling Price
• Sell Assets
• Wind down unprofitable business
• Sell of underperforming assets
Operating Expense
• Cut Costs
• Downsize
• Freeze Wages
• Cut bonuses
• Reduce Hours
• Close plants, stores, etc.
• Eliminate discretionary spending
• Travel
• Office Supplies