This presentation looks at GAP analysis as part of supporting business and government decisions.

1. Why businesses should
undertake gap analysis
PAUL YOUNG CPA CGA
MARCH 10, 2020

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions – FOPM and FPM
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 What is GAP Analysis?
 How can you improve GAP analysis?
 Training and Learning Development options

4. What is GAP Analysis
 GAP analysis is when companies provide analysis in terms of how they will bring
actual back to the original budget.
 GAP Analysis has been around for many years. GAP Analysis is playing a bigger role as
businesses continue to respond to changes in market conditions
 The problem is the approved budget was based on assumptions at the time it was
prepared. Market conditions can change as such government and businesses need to
adjust to market conditions in terms of actionable items

5. What can be done to help provide Gap
analysis
 Moving away from Microsoft Excel
 Excel has limitations when it comes to working indices and variables
 Adopting tools that provide more analysis, i.e. predictable analytics, data sciences
and real time reporting
Supply Chain Headcount Planning

6. Working with Indices and Industry Trends
as part of GAP Analysis
• Working with macro and micro indicators
• Government Stats
• Industry Trends
• Commodity indices
• Currency Indices
• Stock Market indices
• CPI indices
• Environmental indices
• Political and Geo Risk Indices
• Bank other private sector analysis

7. Using Scenario planning
 More and more businesses need to move to scenario planning as part of the close,
consolidate and reporting cycle

8. Additional Sources
 If you like more information on how to work with industry and government
statistics then reach out to paul_young_cga@Hotmail.com. My spreadsheets can
be your starting point to embracing industry, govt and indices as part of your
close, consolidate and reporting cycle.

9. Other Sources
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my
material on
https://www.udemy.com/
(search Paul Young CPA
CGA