This blog post looks at the ways of how FP&A can help entrepreneurs to accomplish their goals. The action that entrepreneurs take is described through financial reports. Financial reports establish a communication process that reveals what entrepreneurs want to do and how they will do it.

Most people will agree that planning is a vital activity for every corporate body.  It is often carried out according to a management calendar.  Long-range and resource planning tends to take place on an annual basis, forecasting tends to be quarterly, while reporting is monthly driven. 

Believe it or not, organizations do not collapse if they don’t have a plan or a budget! If a business is already established then two things will impact future results, irrespective of what is planned - organic growth and external influences.

We live in an unpredictable world where the future is uncertain. If it was then we would all make a fortune by making strategic ‘bets’ on certain outcomes. But the world is not like that.

This blog post  addresses the acquisition of FP&A skills. People who want to become financial planning and analysis (FP&A) practitioners obtain advice on how to achieve this goal.  One piece of advice is to acquire education by taking courses in subjects like accounting, economics, and finance.

One can find many definitions of financial analysis. Investopedia defines financial analysis as “the process of evaluating businesses, projects, budgets and other finance-related entities to determine their suitability for investment.”