In the current economic climate companies can no longer delegate financial management and policy to their finance and accounting functions. Only line managers have a deep enough knowledge of operations to be able to judge whether the assumptions behind a company’s financial modelling make sense and will produce reliable measures and forecasts.
Deigan Morris and Niall Lothian have been active in executive education over many years, for many companies, on all continents. Deigan is Emeritus Professor of Accounting and Control at INSEAD. Niall is a past President of the Institute of Chartered Accountants of Scotland and a Visiting Professor at INSEAD for over twenty-five years. Both have worked extensively with Cedep’s member companies. Their consulting activities have taken them into many multinational companies, allowing them to see at first-hand the difficulties companies have in producing reliable numbers and the trouble managers have in using them.