Businesses exist in order to improve the well-being of others. One approach businesses use for achieving this goal is the concept of people/process/technology. In businesses the element of people is the responsibility of human resources; human resources is responsible for the acquisition, compensation, and teaching of people. How can human resources improve its ability to acquire, compensate, and teach people? An answer is financial planning, thinking about how businesses can accumulate wealth.
FP&A Trends E-Books is a series of publications consisting of articles on FP&A-related subjects. The issues are regularly published on the FP&A Trends website and are available only to the website subscribers. The first issue is devoted to the rolling forecast philosophy and contains articles from Larysa Melnychuk, Steve Morldige, Richard Reinderhoff, Elena Kiristova and Thorstein Siglaugsson.
The purpose of your company’s administrative function is to support what your company sells. Support consists of departments like finance, human resources, and information technology; future articles will describe these departments in greater detail. The focus of this article is on administration as a whole.
A financial plan is a product used for guiding people’s actions toward the accumulation of wealth. As a product a financial plan is created from a variety of sources. One source used for creating a financial plan is finance.
As financial professionals we Financial Planning and Analysis (FP&A) professionals spend a lot of timing learning - learning the basics of accounting and finance, learning the business and learning about the impacts business decisions have on budgets and forecasts.