From the course: Accounting for Managers
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Understanding storyboards
- Before we begin, you may have seen the title of this video and thought, "Hmm, Storyboarding, isn't that about making movies?" Well yes, storyboarding has it's origins etched in Disney animations, but its success in Hollywood has seen its application morph into enterprises of all shapes and sizes. And it's got me thinking. In a world of increasing competition for money, could a storyboard help managers present a more compelling case for funds? Let's take a look how. Say it's internal budget time and Manager A, for example, the CIO, needs a budget of $15 million to run their section. Traditionally, the information provided by accountants may look something like this. Good luck getting this over the line. A great management accountant should certainly provide this type of information, but they should also include some useful insights about how the money will be used. After all, behind every bid for money is some sort…
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