This article focuses on why there is a risk of too much focus on the profit and loss (P&L) or income statement and too little focus on the Balance Sheet among FP&A practitioners.

FP&A departments are able to track and manage financial plans. But can FP&A help manage the execution of a strategic plan? Is there value in integrating these two processes?

To unite the firm on a single planning foundation, FP&A must adopt the planning frame that drives value for its customers. That platform is the Operational Budget (OB) and it brings many benefits to the firm.

How can we plan and forecast in the uncertain environment? One of the current challenges for FP&A professionals is that traditional planning methods are no longer sufficient for this turbulent period. This is where FP&A Scenario Planning comes into play.

In this 6-minute video, Tanbir Jasimuddin, Director of Finance at Vardags, explains key concepts and definitions of the Integrated FP&A concept. Tanbir presentation is based on his experience of leading a number of transformational projects both in the UK and internationally.

‘If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes’, said Albert Einstein.