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.

Numbers may be the prime element within FP&A. FP&A is relied upon to provide numbers like operating income, net cash flows, and earnings per share. Do numbers like these and others mean anything?

While FP&A professionals work in a field of numbers, language is a critical component of our profession. Far too often there is loose use of terminology in corporate finance.