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question		réponse
P&L commencer à apprendre		Profit and Loss
LE Acronym commencer à apprendre		Latest Estimate
What Latest Estimate is? commencer à apprendre		this is the current forecast submitted at the end of the prior month
LE M03 commencer à apprendre		forecast is the march forecast submitted as part of the March close
How often do we make forecast? commencer à apprendre		Forecast is for every month until the end of the financial year (January to December)
Financial Year commencer à apprendre		01. January - 31. December
PY acronym commencer à apprendre		Prior Year performance
FY acronym commencer à apprendre		Financial Year
vPY commencer à apprendre		versus Prior Year
vPY% commencer à apprendre		versus prior year percentage
P - acronym commencer à apprendre		Plan also called Budget
Forecast cycle vs Budget (plan) cycle commencer à apprendre		Whereas we set forecast every month, budget is planned once a year
Budget Cycle commencer à apprendre		July to October
can budget change within a year? commencer à apprendre		Budget never changes, forecast can change
Budget exchange rate, CER commencer à apprendre		Set once a year at the beginning of a year. Introduced, so we do not have to worry about the exchange rates changing throughout the year
What is the currency of all the numbers in P&L? commencer à apprendre		All currencies are converted to Budget exchange rate. So there is no noise
When we look at Financial statement and comparison with the prior year number. Which exchange rate is used commencer à apprendre		We are restating prior year in terms of current exchange rate
how is vPY% calculated commencer à apprendre		(FY20 LE - FY19)/FY19
Is reduced Cost shown as positive number or as negative number? commencer à apprendre		positive
Is reduced Headcount shown as positive number or as negative number? commencer à apprendre		positive
How are negative numbers representated commencer à apprendre		minus, brackets, red
Which items add to profitability commencer à apprendre		Revenue, GM, EBIDTA
Which items take away from profitability commencer à apprendre		Project Costs, Other costs, Expense
% - percentages for comparison with prior year commencer à apprendre		Change divided by the prior period of comparison. Absulute value divided by the prior year
% - percentages for comparison with the plan commencer à apprendre		Absolute value divided by the plan
% Pts - expand name commencer à apprendre		percentage points
% Pts - what is this used for? commencer à apprendre		This is used when comparing two numbers that are themselves percentages
Give an example of "2% pts" commencer à apprendre		EBIDTA growth from 20% to 22% is 2% pts
EBITDA % commencer à apprendre		EBITDA Margin - EBITDA/Revenue * 100%
Revenue commencer à apprendre		Amount of money that IQVIA have earned. Amount of work that we have done.
How do we split Cost commencer à apprendre		Project Cost + Other Costs
Total Costs commencer à apprendre		Costs are all the costs directly required to sell and deliver offerings to IQVIA clients
Project Costs commencer à apprendre		Project Costs
Cost employee vs expense employee commencer à apprendre		Cost employee whose work is directly required to deliver clients offerings
Example of expense employee commencer à apprendre		Accountant
Employess can be divided into two groups. Name them commencer à apprendre		Cost employees and expense employees
Project costs commencer à apprendre		costs booked directly to a billable client project
cost vs expanse in simple terms commencer à apprendre		cost - related to selling and delivering
Types of cost (3) commencer à apprendre		Cash costs, non-cash costs, Other costs
Cash costs commencer à apprendre		Where IQVIA making a payments(e.g. payments). costs incurred and paid to suppliers and vendors
Non-Cash costs commencer à apprendre		Allocations. accounting charges and labour assessments
Other costs commencer à apprendre		residual cost after assessing project costs
Assesment commencer à apprendre		Non-cach cost, booking a time on a project - PSA
Expense commencer à apprendre		HR, Finance, Marketing, IT support, Office cost
Gross margin commencer à apprendre		Revenue less all costs
EBITDA commencer à apprendre		Revenue less all costs and expenses but before interest, tax, depreciation and amortisation
Which is the key metric that is reported to the Board commencer à apprendre		EBITDA

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