The next step of the Australian FP&A Board led us to meet in Melbourne with about 30 FP&A practitioners attending and debating about challenges, trends and best-practices in Financial Planning and Analysis. We would like to share some of the insights from the event in short summarized form. The topic of this board was “FP&A Analytical Transformation”.
Are your KPIs, Scoreboards and other metrics safe from the Simpson's paradox?
P&L management focuses on the items included into P&L (profit and loss) report. It has become an increasingly popular technique used by the top managers around the world. P&L responsibility scope goes far beyond being simply responsible for profits or loss. Managers must not only understand what stands behind and drives each item of the report, but also need to take steps to improve P&L statements.
Making projections is one part of an FP&A practitioner’s work. The purpose of projections is to establish expectations on outcomes. How can an FP&A practitioner give meaning to projections?
This is the first part of a three-part series on the business value that data science and analytics can provide to enterprises.