On October 28th our BBRT partners in Iceland, Beyond ehf., hosted the first annual Manino Finance conference in Reykjavík. The conference’s theme was Finance’s role in implementing Beyond Budgeting and Lean with focus on rolling forecasts and lean accounting.
Steve Player, BBRT’s North America program director introduced a holistic view on the Beyond Budgeting model and discussed how business forecasting can be used to improve decision making.
Bjarte Bogsnes, Chairman of the Beyond Budgeting Round Table, presented the BB model at Statoil and how KPI’s are best used in a BB setting.
Jean Cunningham, a widely recognized pioneer of Lean Business Management, introduced Lean accounting and compared standard costing to the value stream approach in financial reporting.
Around 80 people participated and the organizers received much positive feedback on the subjects and presenters at the conference.